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Virgin Orbit (VORB) Stock Plunges 20% on Rocket Failure

VORB stock - Virgin Orbit (VORB) Stock Plunges 20% on Rocket Failure

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Virgin Orbit (NASDAQ:VORB) fell 8.5% on Jan. 9, then 21.5% more overnight after its effort to launch British satellites from an airplane failed. VORB stock, which was worth $10 per share a year ago, currently trades around $1.59.

Virgin strapped a rocket called LauncherOne carrying nine satellites to a modified 747 jet, with plans to send the satellites into orbit. The company said

Written by biedex markets