Virgin Galactic rolled out its newest spaceship Tuesday, March 30, 2021, as the company looks to resume test flights in the coming months.
Las Cruces Sun-News
LAS CRUCES – Virgin Galactic is facing a prospective class-action lawsuit by investors, alleging the company made false and misleading reports about its finances and accounting.
The federal complaint, filed in New York’s Eastern District, states that Virgin Galactic’s stock prices dipped by 9 percent after the company announced on April 30 that it would need to restate its financial results for the first quarter of 2021.
The aerospace company and anchor tenant for New Mexico’s Spaceport America said the restatement was due to guidance issued by the Securities and Exchange Commission on April 12 pertaining to special purpose acquisition, known as SPACs, including Virgin Galactic.
Virgin Galactic’s VSS