January 27, 2022

SPCE: Why is Virgin Galactics stock going down?

Last week was a great week for space-tourism pioneer Virgin Galactic (NYSE:SPCE) — if a bit less great for Virgin Galactic stock. On July 11, Virgin Galactic founder Sir Richard Branson successfully flew to space and back aboard the VSS Unity spaceplane.

But even before Branson had landed, Virgin Galactic’s stock was crashing back to Earth.

In fact, over the five days since Branson completed his historic flight, Virgin Galactic shares have shed more than 36% of their share price. Today, the stock made a half-hearted attempt to revive — rising nearly 5% in early trading — but quickly gave up the attempt.

This makes Virgin Galactic stock vulnerable to declines whenever investor interest wanes. And right now, it’s waning because, well, Sir Richard has already flown his flight. He came back safe and sound, but now it’s time to start paying attention to the next billionaire lining up to travel to space.

Also because Big Tech head of Amazon Jeff Bezos plans to make his space expedition on July 20 investors are now unsure wether Branson’s Virgin Galactic will bring them the most profit. After all who can compete with Bezos “The Richest man in the world” the truth is space is unpredictable and doesn’t revolve around someone’s net worth. Only time, good engineering Good science and a good flight crew will make space travel on a consumer level efficient and safe enough for investors.

Leave a Reply

Close

Stocks & Crypto

Name Price24H (%)
MMS Cash Token (MCASH)
$1.00
0.00%
Bitcoin (BTC)
$36,926.00
-0.19%
Ethereum (ETH)
$2,405.85
-3.13%
Tether (USDT)
$1.00
-0.53%
Binance Coin (BNB)
$390.36
3.14%
USD Coin (USDC)
$1.00
-0.77%
Cardano (ADA)
$1.04
-4.39%
XRP (XRP)
$0.61
-2.83%
Solana (SOL)
$89.08
-4.22%
Terra (LUNA)
$53.41
-10.42%
Polkadot (DOT)
$17.98
-1.60%
Dogecoin (DOGE)
$0.140686
-2.99%
Avalanche (AVAX)
$64.03
-4.18%
Binance USD (BUSD)
$1.00
-0.30%
Shiba Inu (SHIB)
$0.000021
-1.38%
TerraUSD (UST)
$1.00
-0.76%
Polygon (MATIC)
$1.57
-1.08%
Crypto.com Coin (CRO)
$0.397551
-0.56%
Wrapped Bitcoin (WBTC)
$36,813.00
-0.42%
Dai (DAI)
$1.00
-0.62%
Cosmos (ATOM)
$29.73
-9.27%
Litecoin (LTC)
$106.63
-0.92%
Vectorium (VECT)
$425.81
-3.49%
Near (NEAR)
$10.38
-8.36%
Algorand (ALGO)
$0.93
-0.13%
TRON (TRX)
$0.056217
-0.92%
OKB (OKB)
$20.94
-4.51%
Bitcoin Cash (BCH)
$288.91
-1.14%
FTX Token (FTT)
$38.04
3.52%
Fantom (FTM)
$2.05
-10.66%
Stellar (XLM)
$0.192436
-3.30%
Magic Internet Money (MIM)
$0.99
-1.59%
Uniswap (UNI)
$10.22
-4.14%
ECOMI (OMI)
$0.007470
-2.57%
Lido Staked Ether (STETH)
$2,401.05
-2.81%
Hedera (HBAR)
$0.388591
-3.51%
Hedera (HBAR)
$0.207581
-2.57%
Internet Computer (ICP)
$19.38
-2.86%
VeChain (VET)
$0.051850
-3.96%
Decentraland (MANA)
$2.24
2.30%
Axie Infinity (AXS)
$46.90
-6.74%
LEO Token (LEO)
$3.48
-3.00%
Ethereum Classic (ETC)
$24.17
-1.65%
Klaytn (KLAY)
$1.20
-2.58%
The Sandbox (SAND)
$3.37
7.92%
cETH (CETH)
$48.24
-2.43%
Filecoin (FIL)
$18.93
-2.88%
Theta Network (THETA)
$2.89
1.87%
Elrond (EGLD)
$140.83
-1.05%
Helium (HNT)
$27.77
-4.15%
Frax (FRAX)
$1.01
-0.37%
cDAI (CDAI)
$0.021828
-0.11%
Monero (XMR)
$142.73
-4.09%
Tezos (XTZ)
$2.87
-3.67%
BitTorrent (BTT)
$0.002702
1.61%
The Graph (GRT)
$0.400375
-1.64%
cUSDC (CUSDC)
$0.022460
-0.15%
Osmosis (OSMO)
$7.83
-7.56%
IOTA (MIOTA)
$0.79
-2.89%
EOS (EOS)
$2.21
-1.25%
Harmony (ONE)
$0.177447
-5.13%
BitTorrent [OLD] (BTTOLD)
$0.002172
-0.68%
Aave (AAVE)
$143.31
-3.49%
PancakeSwap (CAKE)
$7.20
-3.78%
Theta Fuel (TFUEL)
$0.179806
10.22%
Bitcoin SV (BSV)
$88.74
-3.00%
Bitcoin Cash ABC (BCHA)
$86.90
-0.64%
Flow (FLOW)
$5.09
1.71%
Maker (MKR)
$1,764.60
2.64%
Radix (XRD)
$0.161339
-1.21%
Arweave (AR)
$30.02
-1.34%
TrueUSD (TUSD)
$1.00
-0.78%
Stacks (STX)
$1.40
0.11%
Huobi BTC (HBTC)
$37,060.00
0.32%
Kusama (KSM)
$163.42
-2.34%
Enjin Coin (ENJ)
$1.56
-0.21%
Gala (GALA)
$0.186649
-12.93%
Amp (AMP)
$0.029101
-3.13%
Huobi Token (HT)
$8.81
0.93%
eCash (XEC)
$0.000071
-2.72%
NEO (NEO)
$18.00
-2.01%
Basic Attention Token (BAT)
$0.82
1.02%
KuCoin Token (KCS)
$16.02
-2.30%
Quant (QNT)
$91.10
-7.39%
Loopring (LRC)
$0.95
-12.68%
THORChain (RUNE)
$3.96
-3.58%
Celo (CELO)
$3.05
-0.93%
YooShi (YOOSHI)
$0.000003
-12.05%
Convex Finance (CVX)
$22.67
-15.66%
Oasis Network (ROSE)
$0.309035
-2.29%
Curve DAO Token (CRV)
$2.74
-5.77%
Zcash (ZEC)
$87.80
-2.69%
Pax Dollar (USDP)
$1.00
-0.55%
GateToken (GT)
$6.49
1.36%
SafeMoon (SFM)
$0.001751
0.24%
Voyager Token (VGX)
$0.194726
-94.51%
NEXO (NEXO)
$1.75
-1.89%
Waves (WAVES)
$9.69
-7.36%
Dash (DASH)
$91.15
-2.16%
Kadena (KDA)
$5.65
-5.13%
Chiliz (CHZ)
$0.174787
0.32%
Secret (SCRT)
$5.75
-4.55%
Synthetix Network Token (SNX)
$4.53
-3.08%
NEM (XEM)
$0.097998
-0.33%
Celsius Network (CEL)
$2.06
-8.81%
yearn.finance (YFI)
$23,684.00
-3.31%
Bitkub Coin (KUB)
$9.36
-1.16%
Decred (DCR)
$59.90
-0.25%
Mina Protocol (MINA)
$2.25
-4.22%
Pocket Network (POKT)
$1.18
-6.35%
Compound (COMP)
$122.26
-3.57%
XDC Network (XDC)
$0.063816
-1.67%
Holo (HOT)
$0.004362
-4.39%
Sushi (SUSHI)
$4.01
-6.99%
cUSDT (CUSDT)
$0.021681
-0.18%
1inch (1INCH)
$1.57
-4.01%
LooksRare (LOOKS)
$3.98
4.28%
IoTeX (IOTX)
$0.074270
-1.39%
Baby Doge Coin (BABYDOGE)
$0.000000
-1.00%
Ravencoin (RVN)
$0.064457
-2.34%
renBTC (RENBTC)
$36,593.00
2.94%
JUNO (JUNO)
$16.64
-6.34%
e-Radix (EXRD)
$0.160797
-1.73%
Frax Share (FXS)
$17.55
-7.20%
Zilliqa (ZIL)
$0.043869
-3.23%
BitcoinStaking (BSK)
$47.23
216.25%
Valkyrie Protocol (VKR)
$1.22
-13.48%
OEC Token (OKT)
$40.80
0.82%
Livepeer (LPT)
$23.89
-1.80%
Marinade staked SOL (MSOL)
$91.47
-4.05%
Ankr (ANKR)
$0.071769
3.70%
OMG Network (OMG)
$4.17
-2.25%
Olympus (OHM)
$63.06
-7.43%
Qtum (QTUM)
$5.59
-1.07%
WAX (WAXP)
$0.299990
2.49%
Bancor Network Token (BNT)
$2.35
0.86%
Nexus Mutual (NXM)
$80.75
-2.97%
Velas (VLX)
$0.246256
0.82%
pTokens BTC (PBTC)
$45,430.00
-1.22%
IOST (IOST)
$0.023685
-0.65%
APENFT (NFT)
$0.000002
-1.92%
SwissBorg (CHSB)
$0.57
-2.83%
Fei USD (FEI)
$1.00
-0.26%
Fei Protocol (FEI)
$1.00
-0.63%
Ronin (RON)
$3.56
-17.12%
Moonbeam (GLMR)
$6.59
-11.10%
WOO Network (WOO)
$0.58
-4.78%
Neutrino USD (USDN)
$0.98
0.18%
Bitcoin Gold (BTG)
$28.78
-1.39%
Syscoin (SYS)
$0.79
-6.69%
Decentralized Social (DESO)
$46.14
-6.70%
Liquity USD (LUSD)
$1.03
-0.64%
Dogelon Mars (ELON)
$0.000001
1.36%
Immutable X (IMX)
$2.61
-11.13%
Rally (RLY)
$0.214607
-3.68%
ICON (ICX)
$0.68
-1.90%
Gnosis (GNO)
$258.13
-5.02%
Siacoin (SC)
$0.009618
-1.07%
Telcoin (TEL)
$0.007838
2.47%
Convex CRV (CVXCRV)
$2.60
-6.24%
Kava (KAVA)
$3.14
-2.98%
dYdX (DYDX)
$5.68
-4.29%
Verasity (VRA)
$0.067412
-5.65%
0x (ZRX)
$0.52
-2.73%
Horizen (ZEN)
$36.38
-2.25%
Rocket Pool (RPL)
$26.91
-0.59%
GuildFi (GF)
$2.03
-6.23%
Audius (AUDIO)
$0.84
-6.52%
Nervos Network (CKB)
$0.014531
-4.65%
Cratos (CRTS)
$0.006190
-0.10%
DeFi Kingdoms (JEWEL)
$6.75
-14.62%
Thorstarter (XRUNE)
$0.62
6.40%
Spell Token (SPELL)
$0.005194
-35.18%
Tether Gold (XAUT)
$1,798.93
-1.75%
Ontology (ONT)
$0.458292
-0.48%
Wootrade Network (WOO)
$0.81
8.00%
Tomb Shares (TSHARE)
$9,887.01
-13.52%
Constellation (DAG)
$0.152774
0.50%
Render Token (RNDR)
$2.47
-1.14%
GXChain (GXC)
$4.64
173.82%
Anyswap (ANY)
$20.49
-5.80%
Ethereum Name Service (ENS)
$16.54
-3.46%
hi Dollar (HI)
$0.375993
0.76%
cBAT (CBAT)
$0.023192
6.02%
UMA (UMA)
$5.61
-5.07%
WazirX (WRX)
$0.79
-2.05%
Mirror Protocol (MIR)
$1.92
-2.09%
Dogebonk (DOBO)
$0.000000
14.70%
Perpetual Protocol (PERP)
$5.60
-1.21%
SuperRare (RARE)
$2.31
24.37%
SKALE (SKL)
$0.111845
-6.61%
Civic (CVC)
$0.52
-1.23%
PEAKDEFI (PEAK)
$0.334352
52.12%
Invictus (IN)
$1,344.61
2.71%
ParaSwap (PSP)
$0.72
-10.57%
My Neighbor Alice (ALICE)
$20.13
-10.39%
Vectorspace AI (VXV)
$9.02
9.54%
Sovryn (SOV)
$17.93
-0.77%
Synapse (SYN)
$2.00
-8.17%
RedFOX Labs (RFOX)
$0.242411
-13.80%
Samoyedcoin (SAMO)
$0.120191
2.66%
Rich Quack (QUACK)
$0.000000
-3.78%
CateCoin (CATE)
$0.000010
3.33%
Illuvium (ILV)
$544.66
-7.14%
Band Protocol (BAND)
$8.28
7.98%
PAX Gold (PAXG)
$1,815.81
-1.26%
Lido DAO (LDO)
$5.67
32.07%
Badger DAO (BADGER)
$34.68
12.62%
Snowbank (SB)
$3,867.87
1.07%
Flux (FLUX)
$1.52
-4.70%
FLEX Coin (FLEX)
$4.35
-3.99%
Popsicle Finance (ICE)
$33.87
-7.71%
Gitcoin (GTC)
$23.64
79.82%
Taboo Token (TABOO)
$0.031889
10.27%
Proton (XPR)
$0.040012
6.89%
NKN (NKN)
$0.52
3.89%
AllianceBlock (ALBT)
$1.02
-7.55%
Radio Caca (RACA)
$0.001830
-0.02%
BTC Standard Hashrate Token (BTCST)
$44.40
21.20%
Polymath (POLY)
$0.368728
0.39%
Keep3rV1 (KP3R)
$974.55
-11.74%
DerivaDAO (DDX)
$12.37
143.65%
SingularityNET (AGIX)
$0.340248
4.09%
Golem (GLM)
$0.328044
0.72%
Hive (HIVE)
$0.89
0.26%
BitMart Token (BMX)
$0.369266
-5.06%
Doge Army Token (DGAT)
$0.000000
-18.42%
Aave [OLD] (LEND)
$4.10
2.91%
Stratis (STRAX)
$2.36
18.61%
Ark (ARK)
$1.98
3.33%
FEG Token (FEG)
$0.000000
-9.82%
DigiByte (DGB)
$0.021375
-4.08%
Beta Finance (BETA)
$2.01
-2.34%
Somnium Space CUBEs (CUBE)
$25.12
15.26%
Nano (XNO)
$2.36
-2.29%
PLEX (PLEX)
$1.35
4.19%
iExec RLC (RLC)
$4.43
3.79%
StormX (STMX)
$0.033770
4.03%
Ardor (ARDR)
$0.315715
36.98%
Orchid Protocol (OXT)
$0.53
-1.32%
DODO (DODO)
$1.14
-18.35%
Electroneum (ETN)
$0.017514
-11.29%
BakerySwap (BAKE)
$1.59
-7.46%
Sapphire (SAPP)
$0.395160
-0.19%
Wonderland (TIME)
$341.50
-30.41%
Tribe (TRIBE)
$0.68
-2.87%
Storj (STORJ)
$2.14
4.68%
Coin of the champions (COC)
$0.000001
25.93%
Sign up Today!Patrioticbets Newsletter

Don’t miss out on all things stock and crypto.

%d bloggers like this: