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Virgin Galactic stock drops 17% as commercial flight timeline pushed to late 2022

Virgin Galactic said Thursday that commercial flights are on hold until about a year from now as it shifts its focus toward improvements to its VSS Unity spaceplane.

The change in focus will also move the timeline for Virgin Galactic’s next test flight — dubbed Unity 23 — further back. The planned research test flight with the Italian Air Force and the National Research Council had been expected to take place this month.

It’s the latest instance of the space tourism company having to bump a…

Source: The Business Journal

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