The Motley Fool explains why Virgin Galactic’s stock jumped 10% before reversing course. Virgin Galactic Holdings (NYSE: SPCE), the most well-known of the recent spate of space SPAC IPOs, has announced that it will launch its founder, Sir Richard Branson, into space in just five days. Investors are still excited as the flight’s target date of July 11 approaches, and Virgin Galactic stock is up over 10% in early trade today. Then UBS (NYSE: UBS), a Swiss investment bank, responded with a yawn, and Virgin Galactic shares immediately lost most of its gains./n
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