Virgin Galactic Tumbles After Delaying Branson Flight Again
- Billionaire’s trip is likely this summer after key test in May
- Company unveils first revenue mission in agreement with Italy
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Virgin Galactic Holdings Inc. sank after saying its next test flight to space won’t occur until May, three months after the previous plan and further delaying the company’s space tourism trips.
The new schedule also pushed back Virgin Galactic’s plan to carry billionaire founder Richard Branson on a separate test that had been set for the first quarter, since his flight would need to follow the May trial. Branson’s trip is likely for this summer and dates for it are being considered, the company said on a conference call Thursday evening after reporting quarterly results.