Virgin Galactic Holdings Inc SPCE shares are trading lower by 11.3% at $33.49 Wednesday afternoon as the stock continues to fall after the company recently announced a $500 million offering following a test flight.
Virgin Galactic is a vertically integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.
See Also: Why This Virgin Galactic Analyst Remains Bearish
Using its proprietary and reusable technologies Virgin is developing a spaceflight system designed to offer customers a unique, multi-day space travel experience.
Virgin Galactic has a 52-week high of $62.80 and a 52-week low of $14.27.
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