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The first share of space tourism has plummeted 20% in four days. Analysts say there is too much hype

Virgin Galactic holdings, the world's first space tourism company, was listed on the New York Stock Exchange on Monday, with its share price rising 9.7% at one time, but closing slightly lower, and has fallen 20% since then, Beijing time reported Monday.

Virgin Galactic shares closed down 11.3 percent at $9.41 Thursday.

Buying Virgin Galactic shares means betting on the company's ambitious manned space program, as well as its chairman, British billionaire Richard Branson. According to the plan, the company's spacecraft will send the first passengers to space next year. This is a company with both potential and risk. So far, Virgin Galactic has no sales or revenue.

Alex king, founder of investment research firm cestrian capital research, said: 'even compared to Uber, LYFT or slack, this is a real early business. Think of it as a startup that happens to be public. I think it will happen a lot. It will have some very red days (red in the US means down) and some very green days (up). '

Megan Crawford, partner of the Texas venture capital fund spacefund, said: 'like most space companies, there's a lot of hype around Virgin Galactic. I think what you see today is a correction in the market because the hype is going away. Obviously, valuation is difficult for a company that is not yet in operation and has no fixed date. '