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Why Virgin Galactic Shares Are Grounded Today

Lou Whiteman, The Motley Fool
·2-min read
Why Virgin Galactic Shares Are Grounded Today

The long-awaited launch of Virgin Galactic Holdings (NYSE: SPCE) commercial service has been pushed back once again. Virgin Galactic captured investor imagination with its plans for a space tourism venture, but the company over the past few years has found out the hard way that conquering the Earth's gravity pull is a difficult and time-consuming endeavor. The company had originally hoped to begin scheduled service in 2020 prior to founder Richard Branson's 70th birthday, but after a series of delays has still done nothing more than a series of test missions.

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