Virgin Galactic shares fell in price by 7% after the first flight of the Blue Origin ship

Securities fell to $30.04.

Shares of the company Virgin Galactic of British billionaire Richard Branson fell in price by more than 7% on Tuesday after the first suborbital flight with passengers on board was made by the ship of its competitor Blue Origin.

Virgin Galactic securities fell by $2.36 (7.27%), to $30.04 by 10: 12 am US East Coast time.

Both Virgin Galactic and Blue Origin intend to organize tourist flights to space regularly in the future. Blue Origin on Tuesday successfully carried out the first suborbital flight of the New Shepard spacecraft with passengers on board. They included the richest man in the world, Jeff Bezos, who owns Blue Origin, his younger brother Mark, 82-year-old Wally Funk, a former professional pilot who passed the astronaut training program, as well as 18-year-old Oliver Daemen from the Netherlands.

Branson congratulated Bezos on Twitter. “Great job, Blue Origin, Jeff Bezos, Mark, Wallis, and Oliver! Impressive. Best wishes to the entire team from me and the Virgin Galactic team,” he wrote.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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