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Why Virgin Galactic Holdings Inc (SPCE) stock lost in the after-markets on Friday?

NXTP Stock

NXTP Stock

Virgin Galactic Holdings Inc. (SPCE) shares declined 3.62% in after-market on Friday, May 28, 2021, and close the week at $30.1 per share. Earlier in the morning session on Friday, SPCE’s stock gained 0.45%. SPCE shares have risen 83.27% over the last 12 months, and they have moved up 48.22% in the past week. Over the past three months, the stock has lost 18.12%, while over the past six months, it has added 15.24%.

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Successfulfirst human spaceflight

On May 22, 2021, Virgin Galactic Holdings, Inc. completed its third spaceflight and the first-ever spaceflight from Spaceport America, New Mexico.

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VSS Unity achieved a speed of Mach 3 after being released from the mothership, VMS Eve, and reached space, at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.

Financial results announcement

On May 10, 2021, Virgin Galactic Holdings, Inc released its financial results for the first quarter of 2021, which ended on March 31, 2021.

Q1 2021financial highlights

VSS imagine

On March 30, 2021, Virgin Galactic unveiled the Company’s first Spaceship III in its growing fleet, VSS Imagine. The spaceship showcases Virgin Galactic’s innovation in design and astronaut experience. Imagine also demonstrates progress toward efficient design and production, as Virgin Galactic works to scale the business for the long term.

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Conclusion

Well, as of this writing there is no recent developments, and companies like, Virgin Galactic does not have news every day but their developments are quite big ones such as its first-ever spaceflight which moved SPCE stock for many days but its recent loss on Friday makes no sense and we hope that it will do recovery after the long weekend.

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