Why Virgin Galactic Stock Just Dropped

Shares of Virgin Galactic (NYSE: SPCE) stock tanked Thursday morning after its arch rival in space tourism, Blue Origin, conducted its fourth-straight successful commercial spaceflight.

Virgin Galactic shares are down 6.5% as of 1 p.m. ET on the news.

Crew of the fourth successful Blue Origin flight. Image source: Blue Origin.

Continue reading

Source Fool.com