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Virgin Galactic Holdings Inc

Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. is headquartered in Tustin, California.

Price · split & dividend adjusted
News & notes moving SPCE
Space Economy

Virgin Galactic pushes first commercial spaceflight to February, keeps 2027 cash flow target

Virgin Galactic has delayed its first commercial spaceflight to February 2027 while maintaining its projection for positive quarterly cash flow within 2027. CEO Michael Colglazier said the schedule shift stems from modest time duration extensions across hundreds of small installation tasks, with no single issue driving the push. The company reported its recent tranche of spaceflight expeditions at the $750,000 price point was oversubscribed, adding over $50 million to expected future spaceflight revenue, and plans to open a new tranche this fall at higher price points. CFO Douglas Ahrens said Virgin Galactic raised $134 million through its ATM during the second quarter, ended the period with $286 million in cash, cash equivalents, and marketable securities, and reduced the principal balance on its 2027 and 2028 notes by $93 million. Third-quarter revenue is expected to be approximately $400,000, with free cash flow projected between negative $95 million and $100 million, while the company continues to forecast a flight rate of 10 or more spaceflights per month by the end of the second quarter of 2027.
Seeking Alpha·13dRead more ▾
Space Economy

FAA bars employees from buying SpaceX shares

The Federal Aviation Administration has prohibited its employees from purchasing or owning shares in SpaceX following the company's public debut earlier this month. The restriction, reported by Politico citing an internal agency document, stems from the FAA's role in licensing SpaceX's commercial spaceflight operations, including launches and reentries, and requiring the company to conduct investigations into rocket incidents. SpaceX started trading on the Nasdaq on June 12 at $150 per share and was trading at approximately $170 per share on Tuesday afternoon. The ban extends to employees' spouses and minor children, and the FAA updated its prohibited investments list this month to include SpaceX and three other commercial space firms: Blue Origin, Rocket Lab, and Virgin Galactic. The agency reportedly sent an ethics alert to staff on Monday referencing the SpaceX stock restriction and advising workers to review the revised list.
Investing.com·57dRead more ▾
Space Economyimpact 4

SpaceX drops 9% on $20 billion bond sale, dragging space stocks lower

SpaceX shares fell 9% after the company announced its first public bond offering, a senior notes deal aiming to raise at least $20 billion to repay a bridge loan and fund AI and data-center projects. The decline spread across the space sector, with Virgin Galactic dropping 11% to $3.16 and Rocket Lab falling 8% to $99 even as it joined the NASDAQ 100 as the first pure-play space stock in the index. Virgin Galactic, which reported just $227,000 in first-quarter revenue and guided to a quarterly cash burn of up to $92 million, led the group lower with no new company-specific catalyst. Prediction markets priced a 97% chance that Rocket Lab would close down on the day, with week-of price targets clustered between $94 and $96, despite its 53% year-to-date gain and $2.2 billion backlog. SpaceX currently carries a $2.22 trillion market capitalization, and its bond pricing later this week could further shape sentiment across the space complex.
24/7 Wall St.·65dRead more ▾
Defense & Geopolitical Fragmentation

SpaceX IPO splits space trade, lifting incumbents while newer space stocks slide

Since SpaceX began trading, its shares have risen more than 30%, but the debut has split the space trade rather than sparking a broad rally. Old-line aerospace and defense names have broadly caught a bid, with GE Aerospace, Howmet Aerospace, Honeywell, Parker-Hannifin, Eaton, and TransDigm all up roughly 5% to 9%, while Boeing, RTX, Airbus, Wabtec, and Curtiss-Wright are also higher. In contrast, smaller public space stocks have fallen sharply: Rocket Lab is down about 5%, AST SpaceMobile, EchoStar, Viasat, Redwire, Planet Labs, and Satellogic are down roughly 10% to 16%, and Virgin Galactic, Sidus Space, and Intuitive Machines have dropped more than 20%. Before the IPO, these newer names were among the few ways to trade the space theme, but SpaceX’s debut has turned into a sorting machine, forcing them to prove they can win attention on their own.
Yahoo Finance·70dRead more ▾