Shares of potential aerospace giant Virgin Galactic (SPCE) have ebbed and flowed since going public three years ago. In the past year, though, SPCE stock has shed almost 70% of its value as it looks to launch its space tourism business this year. Though the stock could snap back later in the year, there are still plenty of red flags which call into question its long-term outlook. I am bearish on the stock. Virgin Galactic Holding is a California-based spaceflight business that develops and operates spaceships for human spaceflights and development payloads. Moreover, it is also involved in ground testing and maintenance of flights.
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Virgin Galactic (NYSE:SPCE)
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Virgin Galactic (NYSE:SPCE)
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