Skip to content

Virgin Galactic Tumbles After Delaying Commercial Service Again

  • Company sees start of service in second quarter of 2023
  • Shares of space tourism company fall in premarket trading
The Virgin Galactic SpaceShipTwo space plane Unity at Spaceport America, near Truth and Consequences, New Mexico.

The Virgin Galactic SpaceShipTwo space plane Unity at Spaceport America, near Truth and Consequences, New Mexico.

Photographer: Patrick T. Fallon/AFP/Getty Images

Updated on

Virgin Galactic Holdings Inc. shares dropped after the space tourism company again delayed its commercial service, calling for a launch in the second quarter of 2023.

The startup had previously disappointed investors by pushing back the launch, once planned for the third, then fourth quarter of 2022. In May, Virgin Galactic delayed it to the first quarter of 2023.