roughly 40% downside on the underlying stock price

$Virgin Galactic(SPCE)$ SPCE has given up roughly $5 Billion dollars worth of market cap on the dilution announcement. If they publish the intent of offering $500M worth of shares but haven’t done so yet let’s say until now that $500M dollar dilution would result in 6.25% dilution rather than 4% on Monday opening bell after the announcement. Not only that but in order to raise $500M they basically evaporated 5 Billion worth of market cap. Since on Monday it was 13B and today it’s 8B. If they begin selling shares now then The dilution will be worth “6.25% of outstanding shares and 5 Billion evaporated form cap.” Or roughly 40% of shareholder value ‘poof gone’ in other words, that 500M cost shareholders 4-6.25% dilution and roughly 40% downside on the underlying stock price$Virgin Galactic(SPCE)$