Experts say a number of reasons influenced this at once. The first reason is that it is still unclear how long it will take for Virgin Galactic to go from conducting a successful passenger flight to creating a viable space tourism business model.
Secondly, Virgin Galactic plans to raise additional funding through a new share offering of up to $500 million. The company has resorted to this for the second time this year, but still does not make any profit.
The third reason is that investors are disappointed that Virgin Galactic has not made any announcements about its plans for future flights after a successful mission involving the founder.
Earlier, the company announced that it intends to make 400 flights a year from several spaceports, which it plans to build on its own. The expected income from each spaceport is $1 billion per year.
The company is also giving away two tickets for a commercial space flight that will take place in early 2022. The winner will go on a spaceport tour led by Richard Branson. He will lead the lucky one around the New Mexico spaceport and tell them all about his company's history.
There will be only one winner. He/she will receive two tickets, one for oneself and one for the guest one chooses. Participation applications will be accepted until September 1, and the winner will be announced on September 29.
Participation is free, but participants can increase the chance of winning by paying a certain fee.