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2021-02-27 00:45
DJ Virgin Galactic Delays Hits Shares -- Market Talk
11:45 ET - Virgin Galactic, on an earnings call, delays plans for commercial space flights. Revenue flights are pushed out after an issue during an earlier test mission. UBS says "we do see a bit more technical risk on the schedule than previously, but are encouraged by the speed in building a foundation for scale when the green-light on commercial ops is achieved." Shares sink 11% to $37.73. (robert.wall@wsj.com)
(END) Dow Jones Newswires
February 26, 2021 11:45 ET (16:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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