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Why Is Virgin Galactic (SPCE) Stock Down Today?

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Source: rafapress /

Virgin Galactic (NYSE:SPCE) stock is sinking nearly 2% in early trading today on failed mission news. This decline comes as shares of Virgin Orbit (NASDAQ:VORB) — a sister company to Virgin Galactic — plunge 17% as well. Virgin Orbit failed to launch its satellites yesterday due to an “anomaly,” resulting in the drop.

Virgin Orbit and Virgin Galactic are both partially owned by British billionaire Richard Branson. Here’s what investors should know as VORB and SPCE stock trend down today.

SPCE . . .

Written by biedex markets