Analysis

Virgin Galactic shares plummet after company says it will delay commercial spaceflights until Q4 2022

4 days ago   |   By Business Insider

The VMS Eve carries VSS Unity into the skies.
Virgin Galactic
Virgin Galactic said Thursday it has delayed its commercial spaceflights until Q4 2022.
The delay is not connected to a recent probe by the FAA , which cleared the company to fly.
Virgin's stock dropped 14% after hours following its announcement the new timeline.
Virgin Galactic said in a press release Thursday that it will delay the start of its commercial spaceflight operations until the fourth quarter of 2022. Virgin had planned to launch its first commercial test flight, Unity 23 , in October, but the company said testing...
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