Virgin Galactic Delays Much-Anticipated Weekend Test Flight

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Early this morning, Virgin Galactic Holdings (NYSE: SPCE) called off a much-anticipated test flight set for this weekend, causing the stock to drop more than 10% in pre-market trading.

The space tourism company had originally hoped to begin commercial flights last year, but pandemic-related complications have delayed testing. There was a failed attempt to reach space in December, but investors had been bidding up the shares in anticipation of Saturday’s retry.

Virgin Galactic’s Unity spacecraft. Image source: Virgin Galactic.

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