Rocket failure pulls Virgin Orbit's stock price sharply down📉

Pre-session sentiment around Virgin Orbit (VORB.US) is nearly depressed, lifting the listing nearly 25% lower from yesterday's closing levels. The first flight of the unmanned LuncherOne rocket, which was supposed to carry a satellite into orbit, lay in ruins due to an unexpected failure. According to Virgin Orbit, the failure itself only occurred in space, nearly 11,000 meters above the Earth's surface. The current attempt was the sixth in a row and the second failure.

The company's official message was shared on the Twitter platform. You can find more information here. Source: Virgin Orbit via Twitter

Virgin Orbit (VORB.US) stock chart, D1 interval. Source: xStation 5