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Why Virgin Orbit Stock Just Crashed 16%

TheMotleyFool

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Shares of space company Virgin Orbit (NASDAQ: VORB) -- the satellite-launching sister company to Sir Richard Branson's more famous Virgin Galactic (NYSE: SPCE) people-launching company -- plunged 16.1% through 10:45 a.m. ET Tuesday after one of its rockets blew up.

Virgin Orbit had billed the Spaceport Cornwall launch, its first from a runway outside the U.S., as historic, and at first, all seemed to be going well. The modified Boeing 747 Cosmic Girl carrier aircraft took off from its runway, ascended to its designated drop zone...

Flight Director: Cosmic Girl, you are go for takeoff
PIC: Takeoff
And we have takeoff! 🛫

Source Fool.com

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