Why Virgin Galactic Stock Just Dropped Another 6.5%

Space tourism stock Virgin Galactic Holdings (NYSE: SPCE) cannot catch a break.

Virgin suffered a bit of a setback over the weekend when a planned test flight Saturday was abruptly aborted after a communications glitch prevented the engine on its VSS Unity spaceplane from igniting. Although the mission to space did not take place as planned, Unity was able to safely glide back to Spaceport America and land. Both pilots came home safe and sound. Nonetheless, the failed test flight sparked a sell-off in Virgin Galactic stock, and that continued today, with Virgin Galactic shares falling 5.9% through 12:15 p.m. EST.

Image source: Getty Images.

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Source Fool.com