Business

Virgin Galactic’s Stock Plummets After Debt Repayment Plan

Updated 2026-06-02 18:05 UTC 1 source Negative

Virgin Galactic's stock experienced its worst day ever after the company announced a plan to pay off debt by issuing new shares. Investors were unhappy with this move, leading to significant market fluctuations.

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MarketWatch

Why Virgin Galactic’s stock is having its worst day ever, after a record-smashing 7-day run

The space-tourism company made a move to pay off some debt, but investors aren’t happy that it will issue new shares to do so.

2026-06-02 17:53 UTC