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Why Virgin Galactic Stock Dropped on Earnings Day

Virgin Galactic Holdings (NYSE: SPCE) will report its financial results for Q4 2021 after close of trading tonight. With the company having just announced, a week ago, that it will reopen sales of tickets for space tourism flights (with prices starting at $450,000 per ticket), investors are naturally curious to hear more details about what’s in store for Virgin Galactic. As of 11:25 a.m. ET, Virgin Galactic stock is down 6.4% ahead of the results.