Virgin Galactic Holdings Inc. fell by 9.2% to $53.95 in early trading after it delayed a test flight of the SpaceShipTwo Unity, according to Bloomberg. The test, set for Saturday, was delayed to allow for technical checks, and the company is working to identify the next flight opportunity.
- Virgin Galactic had identified a flight window opening Saturday to run through the month, implying that another test could be scheduled soon.
- The objective of the flight test will be to check work completed since the December test launch, when the onboard computer halted the ignition of the rocket motor.
- The company plans to put the first tourists in space this year, with its founder inaugurating commercial suborbital rides.
Virgin Galactic Holdings stock is currently declining. SPCE: NYSE is down 9.34%
