Why Virgin Galactic Stock Took Off in May

Virgin Galactic Holdings (NYSE: SPCE) came into May with a self-imposed deadline to restart its testing program before month's end. The test happened, and it helped propel the shares 41% higher for the month, according to data provided by S&P Global Market Intelligence.

Virgin Galactic came into the month on a bit of a losing streak. The space tourism start-up is behind schedule, missing its original goal to begin commercial operations last year. And its testing program has faced setbacks that left its timetable uncertain.

The Virgin Unity spacecraft. Image source: Virgin Galactic.

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Source Fool.com