Welcome to our dedicated page for Virgin Galactic Holdings news (Ticker: SPCE), a resource for investors and traders seeking the latest updates and insights on Virgin Galactic Holdings stock.
Virgin Galactic Holdings, Inc. (symbol: SPCE) is a trailblazer in commercial space travel, being the world's first commercial spaceline. The company is revolutionizing space access by developing vehicles designed to fly private astronauts, research experiments, and satellites into space. With a vision of democratizing space for the benefit of life on Earth, Virgin Galactic offers an unparalleled astronaut experience that includes out-of-seat weightlessness and breathtaking views of Earth from space.
At the core of Virgin Galactic’s offerings is SpaceShipTwo, a reusable spaceplane engineered by aerospace pioneer Scaled Composites. This sophisticated vehicle is built to carry two pilots and up to six astronauts, or more than 1,000 pounds of scientific experiments, on commercial flights from Spaceport America in New Mexico—the world’s first purpose-built commercial spaceport.
In addition to human spaceflight, Virgin Galactic is advancing the field of small satellite launches with LauncherOne. This dedicated launch vehicle is designed to transport smaller satellites, typically weighing between 200-300 kilograms, into Earth orbit at historically low prices. LauncherOne expands the company’s offerings by providing cost-effective access to space for a variety of missions.
Virgin Galactic’s wholly-owned manufacturing arm, The Spaceship Company, is integral to its operations, producing advanced air and space vehicles. The company’s vertically integrated structure ensures seamless development and execution of its projects. Recently, Virgin Galactic has achieved significant milestones, including successful test flights and partnerships aimed at enhancing its technological capabilities and service offerings.
Financially, Virgin Galactic is focused on scaling its operations and achieving long-term profitability. The company continues to invest in research and development to enhance its spaceflight systems and customer experience. Key partnerships and strategic alliances are also pivotal in driving future growth and innovation.
Virgin Galactic's mission to make space travel accessible is not only about adventure but also about contributing to scientific research and technological advancement. By enabling private astronauts and researchers to explore the final frontier, the company is opening new possibilities for life on Earth and beyond.
Virgin Galactic (NYSE: SPCE) announces Doug Ahrens as the new Chief Financial Officer, effective March 1, 2021. Ahrens will replace Jon Campagna, who steps down after aiding the company's transition to a public entity. CEO Michael Colglazier emphasizes Ahrens' extensive experience in manufacturing, capital markets, and M&A as vital for the company's growth strategies. Ahrens previously served as CFO at Mellanox and GlobalLogic, bringing over 25 years of operational finance expertise. The company appears well-positioned for future growth, with a strong balance sheet left by Campagna.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced key leadership appointments, naming Swami Iyer as President of Aerospace Systems and Stephen Justice as Vice President of Engineering. Iyer, with over 20 years in the aerospace and defense sectors, will lead the development of the company’s vehicle fleet, starting in late March. Justice, who has four decades of experience at Lockheed Martin’s Skunk Works, will help grow the engineering team beginning March 1. CEO Michael Colglazier expressed excitement over these strategic moves to enhance the company's future growth opportunities in space travel.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) has appointed Seth Zaslow as Vice President of Investor Relations. Zaslow, who has over 25 years of experience in finance and investor relations, previously led the investor relations program at AMC Networks. His role will involve managing the company's engagement with the investment community and enhancing Virgin Galactic’s investor relations policies. Jon Campagna, the Chief Financial Officer, emphasized that Zaslow's appointment reflects the company’s growing scale as it approaches commercial service.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) has announced the formation of its Space Advisory Board, aimed at guiding the company in its pursuit of commercial spaceflight services. The board comprises distinguished aerospace experts, including Chris Hadfield, Dr. Sandy Magnus, Dr. David Whelan, and George Whitesides, who will provide insights on technical best practices and opportunities in various markets. CEO Michael Colglazier expressed enthusiasm for the board's contributions to the company's mission of expanding access to space. This strategic move is expected to bolster Virgin Galactic's leadership in the aerospace industry.
Virgin Galactic Holdings (NYSE: SPCE) has announced a new flight window for its SpaceShipTwo Unity test flight, opening on February 13, pending favorable weather and technical readiness. The flight will include two pilots and research payloads under NASA's Flight Opportunities program. Safety remains a priority, with pre-flight preparations and pilot training ongoing. The flight's key objective is to verify corrective work done since December 2020, involving extensive ground tests and addressing previous ignition issues. An extensive data review will follow the flight.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) has announced it will release its financial results for Q4 and full year 2020 on February 25, 2021, after U.S. market close. The Company will hold a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. A live webcast and replay will be accessible on the Company’s Investor Relations website. Virgin Galactic specializes in human spaceflight and advanced vehicle manufacturing, aiming to provide transformative space experiences for private individuals and researchers.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) provided an update following its test flight on December 12, 2020. The rocket motor did not fire due to a communication failure with the onboard computer, triggering a fail-safe scenario. The pilots successfully completed a safe landing at Spaceport America, New Mexico. CEO Michael Colglazier emphasized the safety measures in place and confirmed that the company is assessing the root cause of the issue. Virgin Galactic plans to repeat the test flight and continues to focus on its test flight program.
Virgin Galactic Holdings (NYSE: SPCE) announced a new flight window opening on December 11, following a pause related to COVID-19 health guidelines. The flight aims to test customer cabin elements and assess upgraded flight controls, while carrying payloads for NASA's Flight Opportunities Program. Only essential personnel will be present on site, adhering to safety protocols. CEO Michael Colglazier emphasized the commitment to safety and the completion of the test flight milestone. New Mexico Governor Michelle Lujan Grisham expressed gratitude for the company's safety measures during these challenging times.
Virgin Galactic Holdings (NYSE: SPCE) announced a reduction in operations at its New Mexico facilities, following new COVID-19 guidelines from the New Mexico Department of Health. Consequently, a space flight scheduled for November 19-23, 2020, has been postponed. CEO Michael Colglazier emphasized the priority of health and safety for team members and expressed commitment to resuming operations once conditions allow. The company remains optimistic about future spaceflights, maintaining excitement among its team and Future Astronauts worldwide.
Virgin Galactic Holdings (NYSE: SPCE) announced it will release its financial results for Q3 2020 on November 5, 2020, after U.S. market close. A conference call to discuss the results will occur at 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 a pioneering aerospace company focusing on commercial spaceflight and advanced air and space vehicles, creating transformative experiences for its customers.
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