Virgin Orbit stock pops as company shows rocket in Times Square


Virgin Orbit’s LauncherOne rocket on display in Times Square, New York.

CNBC | Michael Sheetz

Richard Branson’s satellite-launching company Virgin Orbit brought a rocket to show off in New York City on Friday, as it celebrated going public.

“There’s a rocket in Times Square; but there happens to be [another] one on an airplane right now … we’re doing stuff and I think, at the end of the day, that’s what matters,” Virgin Orbit CEO Dan Hart told CNBC. He rang the Nasdaq opening bell on Friday.

Virgin Orbit stock jumped as much as 26% in trading from its previous close of $6.49 a share.

spin-off of Branson’s space tourism company Virgin Galactic, the company was privately held by…


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