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An image released Saturday ahead of Virgin Galactic’s test flight out of southern New Mexico. (Courtesy of Virgin Galactic)
Copyright © 2020 Albuquerque Journal
Virgin Galactic Holdings Inc. saw a marked drop in its stock price Monday, the first day of trading following the company’s aborted spaceflight Saturday from Spaceport America in southern New Mexico.
Company shares, which trade on the New York Stock Exchange under the ticker “SPCE,” closed at $26.47 per share Monday, down more than 17% from $32.04 a share Friday.
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The decline follows a failed attempt to send the VSS Unity to space from New Mexico Saturday morning, when Virgin Galactic’s mothership carried the rocket to above 40,000 feet. The Unity broke away from the carrier plane as planned and the pilots on board fired up the motor to fly to space, but the engine shut down, forcing the pilots to g
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