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Virgin Galactic Holdings, Inc. - SPCE STOCK NEWS

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.

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Virgin Galactic (NYSE: SPCE) granted time-based inducement restricted stock unit awards to two non-executive employees, totaling 46,225 shares, under the 2023 Employment Inducement Incentive Award Plan. The awards will vest over four years, with 25% vesting on the first anniversary of the grant date and the rest over the following 12 quarters.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announces successful completion of six human spaceflights in six months in 2023, with plans for Delta Class Spaceships to enter commercial service in 2026. The company reported strong financial results for the fourth quarter and full year ended December 31, 2023, with a cash position of $982 million and revenue growth driven by commercial spaceflights and membership fees.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) will report its Q4 and full-year 2023 financial results on February 27, 2024, followed by a conference call. The webcast and replay will be accessible on the Investor Relations website.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced that an alignment pin detached from the launch pylon of VMS Eve during the 'Galactic 06' spaceflight. The company notified the FAA and is conducting a review. The flight was safe, with no safety impact to the vehicles or crew. No damage was observed, and the detached pin did not affect the spaceship or mothership during mated flight. Virgin Galactic plans to provide further updates and confirm the flight window for the 'Galactic 07' mission in the second quarter of 2024.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) completed its 11th spaceflight with all four seats aboard VSS Unity occupied by private astronauts. The successful 'Galactic 06' flight increases confidence in the repeatability of the product and the ability to deliver a superlative experience to customers. The Company's next mission is expected in the second quarter of 2024, including a researcher and private astronauts.
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Virgin Galactic Holdings, Inc. (NYSE:SPCE) announced the opening of the 'Galactic 06' flight window on January 26, 2024. This will be the company's 11th spaceflight, following a year of unprecedented human spaceflight achievements. Four private astronauts from three different countries will journey to space on Virgin Galactic's sixth commercial spaceflight. The crew will include VSS Unity Commander CJ Sturckow and pilot Nicola Pecile, as well as VMS Eve Commander Michael Masucci and pilot Dan Alix.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announces the appointment of Luigi Brambilla to the Board of Directors. Brambilla, with 18 years of experience across various sectors including 10 years at the Virgin Group, brings extensive investment and capital markets expertise to support the company's growth and the building of its Delta Class fleet. His appointment fills the seat previously held by Evan Lovell, who passed away in June 2023.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced a strong financial position with $1.1 billion in cash and marketable securities, forecasting positive cash flow in 2026 after successfully completing six spaceflights in six months. Third quarter 2023 financial highlights include a $1.7 million revenue and a net loss of $105 million. Business updates include the 'Galactic 06' spaceflight mission planned for January 2024 and the opening of a spaceship factory in Phoenix, Arizona in mid-2024.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced a strategic realignment and workforce reduction to support the production of its Delta Class spaceships. Additional details will be shared on the Company’s third-quarter earnings call on November 8, 2023. CEO Michael Colglazier sent an internal memo to all employees regarding this.
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Virgin Galactic completes its sixth space mission in six months, converting its spaceship into a suborbital lab for scientific research. The mission involved three astronauts and multiple payloads, including biomedical harnesses and healthcare technologies. The company aims to enhance the research capabilities of future spaceships and play a significant role in space research.
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FAQ

What is the current stock price of Virgin Galactic Holdings (SPCE)?

The current stock price of Virgin Galactic Holdings (SPCE) is $7.15 as of November 22, 2024.

What is the market cap of Virgin Galactic Holdings (SPCE)?

The market cap of Virgin Galactic Holdings (SPCE) is approximately 208.8M.

What is Virgin Galactic Holdings, Inc.?

Virgin Galactic Holdings, Inc. is the world's first commercial spaceline, focusing on human spaceflight for private astronauts and researchers, as well as small satellite launches.

What kind of spaceflight experience does Virgin Galactic offer?

Virgin Galactic offers a multi-day spaceflight experience that includes out-of-seat weightlessness and stunning views of Earth from space onboard their SpaceShipTwo spaceplane.

What is SpaceShipTwo?

SpaceShipTwo is a reusable spaceplane designed to carry two pilots and up to six astronauts or over 1,000 pounds of experiments on commercial spaceflights from Spaceport America, New Mexico.

What is LauncherOne?

LauncherOne is a dedicated launch vehicle designed to transport smaller satellites, typically weighing 200-300 kilograms, into Earth orbit at historically low prices.

Where does Virgin Galactic conduct its spaceflights?

Virgin Galactic conducts its spaceflights from Spaceport America in New Mexico, the world's first purpose-built commercial spaceport.

Who manufactures Virgin Galactic's space vehicles?

The Spaceship Company, a wholly-owned manufacturing arm of Virgin Galactic, produces advanced air and space vehicles.

What are Virgin Galactic's recent achievements?

Recent achievements include successful test flights, advancements in spaceflight technology, and strategic partnerships aimed at enhancing their capabilities and services.

How is Virgin Galactic financially positioned?

Virgin Galactic is focusing on scaling its operations and achieving long-term profitability through continuous investment in research and development and forming key strategic partnerships.

What is Virgin Galactic's mission?

Virgin Galactic aims to democratize space access, enabling private astronauts and researchers to explore space, thereby contributing to scientific research and technological advancements.

How does Virgin Galactic benefit life on Earth?

By making space accessible, Virgin Galactic opens new possibilities for scientific research and technological innovation, which can lead to advancements benefiting life on Earth.

Virgin Galactic Holdings, Inc.

NYSE:SPCE

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SPCE Stock Data

208.77M
27.19M
5.83%
31.38%
23.91%
Aerospace & Defense
Transportation Services
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