Virgin Orbit Stock Faces Delisting. Shares Are Plummeting.

It keeps getting worse for holders of common stock in the space-launch start-up

Virgin Orbit

They shouldn’t expect much improvement from here.

Monday evening, the company said the

Nasdaq Stock Market

planned to delist its shares. Stock trading is due to be suspended on Thursday. The company is appealing the delisting decision, but the process won’t affect this week’s suspension.