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Even small signs of progress can help Virgin Galactic stock.
Virgin Galactic (SPCE -1.94%) announced early testing for its next-generation spacecraft on Monday, and the market reacted positively. In this video, Travis Hoium covers why this is a bigger deal than it may seem.
*Stock prices used were end-of-day prices of April 6, 2024. The video was published on May 7, 2024.
Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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