Why Voyager Technologies Stock Crashed Today
It's been a little over a month since I first warned investors about the danger of investing in a new space stock, space station builder Voyager Technologies (NYSE: VOYG). After a smashingly successful IPO, Voyager's stock price flipped head over tail and began falling.
And why? Simply put, Voyager has years of costs ahead of it before it gets a space station in orbit, and whether it ever becomes profitable after that "is anyone's guess," as I warned in June. One thing's certain, though:
Voyager definitely wasn't profitable in Q2. And now its stock is down another 17.3% (through 1:15 p.m. ET today).
Source Fool.com
