A Space Startup Worth $4 Billion Swears Off Fizzling SPAC Craze [Business News Network (BNN) (Canada)]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Business News Network
But Tim Ellis, co-founder and chief executive officer of Relativity Space Inc., just isn't interested. Ellis, 31, didn't actively pursue SPACs that approached the company, even during the height of their popularity last year among startups in the fast-growing space economy. Relativity, which makes 3D-printed and reusable rockets, has instead raised $1.3 billion through private rounds and was valued at $4.2 billion in June after backing from investors including Fidelity Management & Research Company LLC, Mark Cuban and Jared Leto. The next step in the San Carlos, California-based company's fundraising plans: “Not SPACs,” Ellis said. “Some others tried SPACs when they were hot, but we were able to get private rounds done by high-quality investors,” he said in an interview. “We're focused on staying private as long as we can, and capital availability is high.” Increasing Pressure SPACs and other speculative investments have come under increasing pressure this year as markets b
Show less
Read more
Impact Snapshot
Event Time:
SPCE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPCE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPCE alerts
High impacting Virgin Galactic Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
SPCE
News
- Virgin Galactic Announces Date of First Quarter 2024 Financial Results and Conference CallBusiness Wire
- Why Virgin Galactic Stock Just Crashed 16.5% [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic Eyes Reverse Stock Split in Bid to Stay on NYSE [BNN Bloomberg (Canada)]BNN Bloomberg
- Dark Space is building a rocket-powered boxing glove to push debris out of orbit [TechCrunch]TechCrunch
- Dark Space is building a rocket-powered boxing glove to push debris out of orbit [Yahoo! Finance]Yahoo! Finance
SPCE
Earnings
- 2/27/24 - Beat
SPCE
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/19/24 - Form 4
- SPCE's page on the SEC website