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Virgin Galactic Stock Performance, Q3 2021

Virgin Galactic (-45%) had been trending upward in Q2 in anticipation of founder Richard Branson’s suborbital spaceflight as part of the first passenger flight by the company, which occurred near the beginning of Q3 on July 11. The momentary stock price peak following the successful flight, and its accompanying media fanfare, quickly disappeared as the company announced the issuance of $500 million in additional shares the following day.

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