Why Virgin Galactic Stock Just Rocketed 10% [Yahoo! Finance]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Yahoo! Finance
integration facility" to begin testing its new Delta-class spaceplane -- and that testing of "initial subsystems" has already begun. Even better, Virgin Galactic confirmed that it remains on track to begin flying Delta commercially in 2026. As of 10:25 a.m. ET, Virgin Galactic stock is up 9.7%. Why this Virgin Galactic news is important Virgin Galactic plans to fly its current spaceplane, VSS Unity, just one more time before retiring the model in June. Then it will begin a long, revenue-free financial winter when the company will have no spaceplanes to fly and, therefore, no flights from which to generate revenue until Delta arrives. So a lot is hinging on Delta. If development remains on track and Delta begins flying commercial flights on time in 2026, the company might have enough cash to last until then and might survive. If Delta is late, though, Virgin Galactic's financial future will start to look increasingly iffy. Why this news is more than just important -- it's cru
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News
- Jeff Bezos' Blue Origin is about to fly people to space for the first time in 2 years. Here's why it took so long. [Business Insider]Business Insider
- Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to $3 billion, where it was in 2000 [Yahoo! Finance]Yahoo! Finance
- Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to $3 billion, where it was in 2000 [Fortune]Fortune
- Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08Business Wire
- Why claiming your lost property can now cost you £50 [Yahoo! Finance Canada]Yahoo! Finance Canada
SPCE
Earnings
- 5/7/24 - Beat
SPCE
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/7/24 - Form 10-Q
- SPCE's page on the SEC website