• Virgin Galactic Holdings Inc is trading 6.1% down at $3.67 as investors continue to react to the SpaceX IPO and related sector de-risking.
  • The decline extends a 31.76% plunge from the previous session, marking an unwinding of speculative positions that used the company as a proxy for SpaceX.
  • This follows recent company updates including the resumption of glide flights for its Delta class spacecraft and a debt-for-equity swap to ease near-term obligations.