Why Virgin Galactic Stock Just Dropped

Shares of Virgin Galactic Holdings (NYSE: SPCE) stock tumbled on Friday afternoon after SpaceX and rival space tourism company Axiom Space confirmed the successful liftoff of their Ax-1 mission, sending four private astronauts to spend a week at the International Space Station (ISS).

Falcon 9 launches the first all-private human spaceflight mission to the @space_station pic.twitter.com/krDfQyaVTO

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Source Fool.com