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Steve Elliott
Shares in space company Virgin Galactic fell 12.99% after trading opened on the New York Stock Exchange, CNBC data show. The company's securities were at the day's ($41.7), a drop of more than 15 percent, according to CNBC statistics.
On July 12, the company filed for the sale of shares worth $500 million, the channel noted. Virgin Galactic did this a day after it successfully conducted its first space flight with a full crew.
Prior to the opening of trading on Monday, Virgin Galactic shares were rising in value, pushing the market value of the company up by about $841 million. Since the beginning of the year, Virgin Galactic shares have doubled in value and the valuation of the company has reached about $11.8 billion, Bloomberg pointed out.
source: cnbc.com
On July 12, the company filed for the sale of shares worth $500 million, the channel noted. Virgin Galactic did this a day after it successfully conducted its first space flight with a full crew.
Prior to the opening of trading on Monday, Virgin Galactic shares were rising in value, pushing the market value of the company up by about $841 million. Since the beginning of the year, Virgin Galactic shares have doubled in value and the valuation of the company has reached about $11.8 billion, Bloomberg pointed out.
source: cnbc.com
