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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 Holdings, Inc. (NYSE: SPCE) announced the grant of time-based inducement restricted stock unit awards to a new non-executive employee. The award consists of 7,546 shares of Virgin Galactic common stock and will vest over a four-year period, in accordance with the 2023 Employment Inducement Incentive Award Plan. This grant was made as an inducement for the new employee entering into employment with Virgin Galactic, following NYSE Listing Rule 303A.08.
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Virgin Galactic completes its first private astronaut flight, 'Galactic 02,' achieving multiple historic milestones including the first female astronauts from the Caribbean, the first mother-daughter duo in space, and the most women flown in a single space mission. The flight also set records for the youngest person, the first Olympian, and the first majority female spaceflight. 'Galactic 02' reached an altitude of 55 miles and a top speed of Mach 3.
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Virgin Galactic Holdings, Inc. announced its financial results for Q2 2023. They successfully completed two spaceflights in two months and launched commercial service. The company has a strong cash position of $980 million. Revenue was $2 million, compared to $0.4 million in Q2 2022. Net loss increased to $134 million from $111 million in Q2 2022. GAAP research and development expenses were $87 million. Adjusted EBITDA was $(116) million. The company generated $241 million in gross proceeds through the issuance of common stock.
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Investment loss attorneys KlaymanToskes are investigating losses over $100,000 in Virgin Galactic Holdings. They encourage investors with large positions in Virgin Galactic at Credit Suisse, Morgan Stanley, or Goldman Sachs to contact them for recovery options.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) will report its financial results for Q2 2023 on August 1, 2023. The company will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced the crew of its seventh spaceflight, 'Galactic 02,' which will fly three private passengers to space, including an 80-year-old Olympian, Jon Goodwin, and a Caribbean mother-daughter duo. This mission aims to showcase the power of each Virgin Galactic spaceflight to help redefine who gets to be an astronaut, broadening access to space and inspiring people around the world.
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Virgin Galactic successfully completed its inaugural commercial spaceflight, 'Galactic 01,' carrying 13 research payloads and three crew members from the Italian Air Force and National Research Council of Italy. The company plans to proceed with post-flight inspections and analysis for its next commercial mission, 'Galactic 02,' scheduled for August, with monthly flights to space planned thereafter.
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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 $6.1 as of December 20, 2024.

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

The market cap of Virgin Galactic Holdings (SPCE) is approximately 180.3M.

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

SPCE Rankings

SPCE Stock Data

180.33M
27.19M
5.83%
31.42%
24.84%
Aerospace & Defense
Transportation Services
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United States of America
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