Virgin Galactic's 50-Mile Hail Mary
A battered stock notches a win -- for now
For seven months, the news has been unrelentingly grim.
Between Richard Branson’s July trip to “space” and the end of 2021, the stock price for his “spaceline” dropped by 75 percent. Two weeks into the new year, the Financial Times reported that the situation had grown “even worse, with Virgin Galactic announcing … that it plans to raise up to $425m of c…