With an already -21% post-market downfall the world is eagerly awaiting the opening bell to short this stock further or to buy the dip in hopes this stock rises in 2022.
For space travel and Virgin Galactic, this news is devastating as it will have a knock-on effect for the industry with many others likely to delay. Nobody wants to be the first to fail but every company wants to be the first to succeed. Commercial space travel is a big business but perhaps we are not even close to it becoming a reality. TESLA stock will also have an interesting reaction today with investors either betting on them coming good or shorting this stock with anticipation of them having the same fate.
Credit: https://www.google.com/finance/quote/SPCE:NYSE