Virgin Galactic Holdings, Inc.
SPCEVirgin Galactic Holdings, Inc. (SPCE) is a space tourism company that designs and operates suborbital spaceflight experiences for commercial customers. Founded by Sir Richard Branson, the company aims to provide affordable access to space and advance human spaceflight endeavors. Virgin Galactic's spacecraft are developed to carry passengers on brief trips above the Earth's atmosphere, offering a unique experience of weightlessness and spectacular views of Earth.
Company News
Space stocks plummeted Friday as SpaceX began trading and short seller Fugazi Research published a critical report targeting six publicly traded space companies. Fugazi argues the sector's premium valuation relied on investors buying space proxies before SpaceX's IPO, a trade that will unwind now that SpaceX offers direct access to a company with...
Investor Chamath Palihapitiya compares SpaceX's impact on space access to Vasco da Gama's discovery of a sea route to Asia in 1497, arguing that SpaceX has dramatically lowered the cost of reaching orbit (from $54,500 to $2,720 per kilogram). He believes the company's largest opportunities remain ahead, including orbital connectivity, compute, an...
Space-related stocks rallied in after-hours trading as SpaceX prepared for its Nasdaq debut on Friday at $135 per share under ticker SPCX. With no direct pure-play alternative available, traders rotated into publicly listed space companies including SPCE, ASTS, RKLB, PL, and LUNR. Beyond broad sector momentum, several stocks had company-specific ...
Space sector stocks surged Thursday ahead of SpaceX's historic Nasdaq IPO debut Friday. SpaceX is pricing at $135 per share, targeting a $75 billion raise and $1.78 trillion valuation—the largest IPO in history. Momentum Inc. led gains at 28%, while Virgin Galactic jumped 22.6%. Other space stocks including Intuitive Machines, Rocket Lab, and A...
The space sector experienced significant losses this week as multiple space stocks declined sharply. Virgin Galactic's short squeeze collapsed, dropping 30.58%, while Redwire fell 24.22% and Momentus declined 22.14%. The selloff was driven by SpaceX IPO fatigue after the company reduced its valuation target from $2 trillion to $1.75 trillion, wit...
