Virgin Galactic Stock Plummets After Settlement Dilution Fears

Virgin Galactic's stock experienced its worst day ever, crashing 32%, due to fears of settlement dilution. This significant drop followed a record-smashing seven-day run for the company.

2 Jun, 17:53 — 2 Jun, 17:53

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marketwatchMostly Factual66d ago

Why Virgin Galactic’s stock is having its worst day ever, after a record-smashing 7-day run

The space-tourism company made a move to pay off some debt, but investors aren’t happy that it will issue new shares to do so.

By William Gavin

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Coverage Timeline

First report: Yahoo · 2 Jun, 14:47|Full coverage: 2 · 3h|Window: 3h

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Yahoo2 Jun, 14:47First to report

Virgin Galactic Crashes 32% on Settlement Dilution Fears, AST SpaceMobile Rises 10%, Planet Labs Climbs 9%

3h later

marketwatch2 Jun, 17:53Latest update

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Virgin Galactic Stock Plummets After Settlement Dilution Fears

Sources

Why Virgin Galactic’s stock is having its worst day ever, after a record-smashing 7-day run

Coverage Timeline

Virgin Galactic Crashes 32% on Settlement Dilution Fears, AST SpaceMobile Rises 10%, Planet Labs Climbs 9%

Why Virgin Galactic’s stock is having its worst day ever, after a record-smashing 7-day run

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