Virgin Galactic Holdings, Inc. (SPCE)
Pre-market:
- Motley Fool
Blue Origin's Rocket Crashed. What Does That Mean for Virgin Galactic?
Don't look now, but Blue Origin just had another "anomaly" -- and the future for investing in space tourism just got a little bit less certain. On Monday, Sept. 12, an unmanned New Shepard rocket operated by Blue Origin -- the space tourism venture established by Amazon founder Jeff Bezos -- suffered a booster failure about a minute after launch. The good news is that the rocket's escape capsule operated as designed, boosting away from the rocket core and then parachuting back down to Earth.
- Motley Fool
Why Virgin Galactic Stock Slumped Today
Striking a discordant note from the market's enthusiasm today is space tourism pioneer Virgin Galactic (NYSE: SPCE), shares of which are falling 5.2% in response to a big downgrade to "underperform" from analysts at investment bank Bernstein. As StreetInsider explains today, Bernstein just cut Virgin Galactic one notch to the equivalent of a sell rating and cut its price target on the shares to $4, implying roughly 33% downside in the stock. "We now have less confidence in the success of this business," states Bernstein bluntly, criticizing Virgin Galactic for continually pushing back plans to begin commercial space tourism flights, and warning that with paying flights not expected to begin before the second quarter of 2023 at the earliest, there is now only "limited potential for positive near-term catalysts."
- Simply Wall St.
Institutions along with individual investors who hold considerable shares inVirgin Galactic Holdings, Inc. (NYSE:SPCE) come under pressure; lose 4.3% of holdings value
If you want to know who really controls Virgin Galactic Holdings, Inc. ( NYSE:SPCE ), then you'll have to look at the...
