Virgin Galactic (SPCE) is a company pioneering commercial space travel. The company aims to commercialize space flights, an industry that could be worth billions in the future. However, Virgin Galactic is yet to generate a meaningful revenue while its losses continue piling up. Hence, one of the more thrilling stocks to go public hasn't lived up to investors' expectations. SPCE has underperformed the market over the past year. The company's stock outperformed the S&P 500 from mid-May 2021 till October 2021, before it plummeted and started to underperform. The underperformance became severe as the gap widened from November 2021 to January 2022.
https://www.tipranks.com/news/article/spce-has-lost-its-star-power-will-struggle-to-takeoff?utm_source=advfn.com&utm_medium=referral