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Virgin Galactic Stock Is Tumbling Because Commercial Flights Won’t Happen Until Well Into Next Year

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Shares of Virgin Galactic (ticker: SPCE) tanked by more than 20% in early trading Friday, after the space-exploration company announced it would delay its commercial travel services until the last quarter of 2022.

“Recent material testing returned new data that requires further analysis,” the company said in a release Thursday, adding that it will not have another test flight this year.

That’s…


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