Virgin Galactic stock falls as space tourism company plans to raise up to $500 million in debt

Shares of Virgin Galactic fell in trading on Thursday after the company announced plans to raise up to $500 million in debt. “The company intends to use the net proceeds from the offering to fund working capital, general and administrative matters and capital expenditures to accelerate the development of its spacecraft fleet,” Virgin Galactic said in a statment.
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