Why Virgin Galactic and VG Acquisition Stocks Both Dropped Today

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Shares of Sir Richard Branson-founded Virgin Galactic Holdings (NYSE: SPCE), and Sir Richard Branson-controlled VG Acquisition Corp. (NYSE: VGAC.U) are both slipping today, one day after the latter — Branson’s latest special purpose acquisition company — announced it will acquire popular gene-testing company 23 & Me.

As of 10:45 a.m. EST, Virgin Galactic stock is down 2.3%, and VG Acquisition is off 6%.

Image source: Getty Images.

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