UPDATE 2-Virgin Galactic dealmaker defies IPO lull with $720 mln blank-check deal [Reuters]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Reuters
Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal: source NEW YORK (Reuters) - Virgin Galactic Holdings Inc ( SPCE.N ) Chairman Chamath Palihapitiya is looking to raise $720 million on Tuesday for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month, according to a person familiar with the matter. The IPO represents a rare example of a stock market debut braving the volatility fueled by the economic fallout of the pandemic. Only two IPOs have priced so far in April, compared to 14 a year ago, according data provider IPO Boutique. Both were biotechnology firms, a sector with a more specialized investor base. Palihapitiya’s new firm, Social Capital Hedosophia Holdings Corp III, is a so-called special purpose acquisition company (SPAC) that will use IPO proceeds to buy a company in the technology sector, primarily outside of the United States. SPACs are typically more resilient to market jitters,
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News
- Virgin Galactic Holdings (SPCE) Valuation Check After Prolonged Share Price Weakness [Yahoo! Finance]Yahoo! Finance
- Is Virgin Galactic (SPCE) Pricing In Its Steep Multi-Year Share Price Declines? [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08Business Wire
- Virgin Galactic (NYSE:SPCE) was given a new $3.50 price target on by analysts at Susquehanna.MarketBeat
- $4.17 Bn Space Tourism Infrastructure Global Market Research, Opportunities, Competitive Landscape, Strategies, and Forecasts, 2020-2025, 2025-2030F, 2035F [Yahoo! Finance]Yahoo! Finance
SPCE
Earnings
- 11/13/25 - Beat
SPCE
Sec Filings
- 1/9/26 - Form S-3
- 1/9/26 - Form 424B3
- 1/7/26 - Form EFFECT
- SPCE's page on the SEC website