Virgin Galactic delays its commercial spaceflights

On Monday, UBS analyst Myles Walton downgraded Virgin Galactic (ticker: SPCE) from Hold to Sell as the company is delaying …
Virgin Galactic delays its commercial spaceflights

On Monday, UBS analyst Myles Walton downgraded Virgin Galactic (ticker: SPCE) from Hold to Sell as the company is delaying commercial space flights. The news disappointed investors who had expected revenue-generating, commercial operations to start early next year. Last week Virgin said they would reorganise their development and test flight schedule.

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