Why Virgin Galactic Stock Just Tanked

Shares of would-be space tourism company Virgin Galactic Holdings (NYSE: SPCE) -- the company that lit the fuse on the series of recent special purpose acquisition IPOs of new-space companies back in 2019 -- are crashing in Wednesday morning trading, down 6.9% as of 10:20 a.m. EDT.

For this, I blame a space company that hasn't even IPO'd yet: Blue Origin.

Image source: Getty Images.

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Source Fool.com