Virgin Galactic Plunges After New Glitch Clouds Timeline
- Branson’s space tourism startup to brief on plans next week
- Company runs into ‘space is hard’ realities, analyst says
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Virgin Galactic Holdings Inc. tumbled after the space-tourism startup said it encountered another technical problem that could force a second postponement of a planned test flight.
Repairs have been largely completed for a glitch on its spacecraft, but unrelated issues were discovered on the plane that carries the vehicle aloft, the company founded by billionaire Richard Branson said as it reported financial results.