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Virgin Galactic stock drops after possible delay to spaceflight tests

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Virgin Galactic’s spacecraft outside Spaceport America in New Mexico.

Virgin Galactic

Virgin Galactic stock dropped amid heavy trading volume on Tuesday, with the company’s next spaceflight test – and its broader path to beginning commercial flights – possibly delayed further.

The space tourism company gave an update on progress toward a repeat of the spaceflight test that was aborted mid-flight in December. While the company says repair work on an issue with its spacecraft, VSS Unity, is now complete, an unexpected possible maintenance issue with carrier aircraft VMS Eve was identified after test flights last week.

Virgin Galactic said the issue in question was scheduled for maintenance…



Source cnbc.com

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