Virgin Galactic Holdings Inc Stock Price, News & Analysis

Virgin Galactic Holdings (NYSE:SPCE) provided an update on its next test flight, "Unity 23," with the Italian Air Force. A third-party supplier identified a potential manufacturing defect in the flight control actuation system, prompting inspections to ensure safety. The company expects to open the flight window as early as mid-October, pending resolution of the FAA matter. CEO Michael Colglazier emphasized the company's commitment to safety and thorough inspections. Updates will follow as investigations proceed.

Virgin Galactic Holdings (NYSE: SPCE) announced the upcoming 'Unity 23' mission, marking its first commercial, human-tended research flight. This mission, scheduled for late September or early October 2021, features three crew members from the Italian Air Force, focused on studying microgravity effects. Col. Walter Villadei will lead with advanced sensor technology, while Lt. Col. Angelo Landolfi and researcher Pantaleone Carlucci will monitor cognitive and physiological responses. This partnership emphasizes Virgin Galactic's role in pioneering space research for government and scientific partners.

Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced its Q2 2021 financial results, reporting a net loss of $94 million, up from $72 million in Q2 2020. The company achieved significant milestones, including FAA approval for commercial flights and successful completion of two spaceflights from New Mexico, including the Unity 22 flight. Virgin Galactic plans to reopen sales for space tourism starting with its Spacefarer community at a price of $450,000 per seat. Cash and equivalents stand at $552 million following a $500 million equity offering.

Virgin Galactic Holdings (NYSE: SPCE) will announce its second-quarter 2021 financial results post-market on August 5, 2021. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access a live webcast and replay on the Company's Investor Relations website. Virgin Galactic is renowned for its pioneering efforts in human spaceflight, aiming to provide private individuals and researchers with unique space travel experiences.

Virgin Galactic (NYSE: SPCE) announced the successful fourth rocket-powered flight of VSS Unity, reaching space at 53.5 miles. This flight marked the 22^nd test and included a full crew, featuring founder Sir Richard Branson. The team evaluated the customer experience and conducted research. CEO Michael Colglazier hailed the event as a significant milestone for commercial space travel. The flight achieved a speed of Mach 3 before landing smoothly at Spaceport America. The company aims to make space travel accessible, and Branson announced a partnership with Omaze and Space for Humanity.

Virgin Galactic (NYSE: SPCE) has announced that the flight window for its next rocket-powered test flight of SpaceShipTwo Unity will open on July 11, contingent on weather and technical checks. This upcoming mission, dubbed 'Unity 22,' marks the company's twenty-second flight test and features its first full crew, including founder Sir Richard Branson. The flight aims to enhance customer experience and evaluate the commercial cabin's functionality. Additionally, it will be livestreamed globally, providing audiences a unique perspective on space travel.

Virgin Galactic Holdings, Inc. (NYSE: SPCE) has received an updated commercial space transportation operator license from the FAA, enabling the company to fly customers to space. This marks a significant milestone as it's the first time the FAA has licensed a spaceline for this purpose. The company confirmed the success of its May 22 test flight, achieving Mach 3 and an altitude of 55.5 miles. The flight validated its upgraded systems and carried three research experiments under NASA’s Flight Opportunities Program, showcasing the company’s advancement towards its inaugural fully crewed test flight.

Virgin Galactic (NYSE: SPCE) has secured a contract with researcher Kellie Gerardi from the International Institute for Astronautical Sciences (IIAS) for a dedicated research flight. The mission aims to conduct experiments on healthcare technologies in a weightless environment. Collaborating with academic and government partners, the flight will utilize Virgin Galactic's unique spaceflight system to overcome historical challenges in space research. Gerardi's past experience includes reduced gravity campaigns, and she will conduct bio-monitoring and fluid configuration experiments during the flight.

Virgin Galactic (NYSE: SPCE) completed its third spaceflight, marking the first human launch from Spaceport America, New Mexico. The VSS Unity spacecraft reached Mach 3 and an altitude of 55.45 miles. The flight also supported NASA's Flight Opportunities Program by carrying scientific research experiments. The company plans to review the test data and proceed to the next flight milestone. CEO Michael Colglazier praised the successful test, signifying a major step for both the company and human spaceflight in the state.