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Canaccord downgrades Virgin Galactic as labor and supply issues dent the space company's outlook

Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic's passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021.
Joe Skipper | Reuters

Investors should stay away from Virgin Galactic until the space tourism company can overcome its labor and supply chain issues, Canaccord Genuity said.

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