Why Space Stock ($SPCE) Fell 15% Today

Did Branson ground his stock?

What Happened?

After a successful first flight into space, Branson’s Virgin Galactic (NASDAQ: SPCE) is down almost 15% on Monday as of 2:00 p.m. EDT.

On July 11th, the space tourism company helped push forward the commercial space industry taking a full crew up to space, including the well know business magnate Richard Branson.

One would think stock traders and investors would be bullish on the news, so why did $SPCE fall almost 15% today?…

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