Virgin Galactic’s 200% Rally Comes to a Screeching Halt (opens in new tab)

(Bloomberg) -- A rapid rally in shares of Virgin Galactic Holdings Inc. that burned short sellers betting against the space tourism firm, came to a sudden halt on Tuesday as the shares nosedived following a recent trend among other rocket and satellite companies. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Cas