|Bid||0.0000 x 1400|
|Ask||0.0000 x 3200|
|Day's Range||3.4001 - 3.7900|
|52 Week Range||2.9800 - 8.5550|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 02, 2023 - Aug 07, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.20|
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Executives and early investors sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed.
How much are space stocks worth? ...then a price-to-sales ratio of two to four might possibly be a fair price to pay for a profitable space stock. In a matter of days, Virgin Orbit's never-very-likely sale to Texas-based investor Matthew Brown fell apart.
Virgin Orbit is history -- and won't be rising from the ashes ever again. Virgin Orbit, Sir Richard Branson's airplane-assisted satellite-launching venture -- as distinguished from Virgin Galactic (NYSE: SPCE), which launches human tourists to space -- had a good run, launching six rockets in the general direction of space over the past three years. Burning through cash at a rate of more than $230 million a year, and in need of more cash -- and quickly -- Virgin Orbit's second-out-of-six-attempts launch failure came at a bad time for the company.
The company is returning to space. Investors are still struggling to see how it will do so profitably.
Virgin Galactic went back to space Thursday. It was a success for the company, but investors probably expected a better result—as far as the stock is concerned. The space-tourism pioneer launched and completed its first crewed flight since July 2021, when Sir Richard Branson and others traveled almost 60 miles above the Earth’s surface.
Virgin Galactic's launch Thursday went off without a hitch, the latest move by one of three major billionaire-backed players in the space race. SpaceX and Blue Origin also had developments recently.
Virgin Galactic, the space tourism company that kicked off the SPAC boom, flew its rocket plane to the limit of the atmosphere and back this morning (May 25) for the first time in nearly two years.
ORANGE COUNTY, Calif., May 25, 2023--Virgin Galactic Holdings, Inc. (NYSE: SPCE) today successfully completed its Unity 25 mission to space. Mission specialists Jamila Gilbert, Christopher Huie and Luke Mays became the newest Virgin Galactic Astronauts as they evaluated the end-to-end astronaut training and spaceflight experience.
Virgin Galactic completed what is expected to be its final test flight Thursday before taking paying customers on brief trips to space, marking what the space tourism company described as a “fantastic achievement” in what has been a long road to commercial operations. Six of the company's employees, including two pilots, landed at Spaceport America in southern New Mexico after the short up-and-down flight that included a few minutes of weightlessness. “Successful boost, WE HAVE REACHED SPACE!” Virgin Galactic tweeted.
At its current burn rate, Virgin Galactic may soon need to sell 10% of its share count every quarter, just to stay solvent.
Virgin Galactic, the space tourism firm founded by Richard Branson, is set to launch its first spaceflight mission in nearly two years on Thursday, a final planned test flight with a crew of six before it kickstarts its long-awaited commercial service. The company's Unity 25 mission from Spaceport America, New Mexico, comes 22 months after billionaire Branson and other Virgin Galactic employees rode to the edge of space aboard the company's centerpiece SpaceShipTwo spaceplane. But a safety probe into Branson's flight by the U.S. Federal Aviation Administration hampered the company's near-term plans, as did a lengthy spacecraft upgrade period that lasted longer than Virgin Galactic originally anticipated.
Houston, we have a problem. Richard Branson's bankrupt Virgin Orbit announced it is shutting down for good after a liquidation sale of most of...
(Bloomberg) -- Stratolaunch LLC and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt space-launch company tied to billionaire Richard Branson.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a
The break-up price represents barely 1 per cent of the $3.7bn value attributed to Virgin Orbit in December 2021 when the rocket launch company merged with a special purpose acquisition company, or Spac, to debut on Nasdaq. It is also a fraction of the $1bn that Branson’s Virgin Investments says it injected into the venture. Rocket Lab, the fast-growing launch start-up with offices across the road from Virgin Orbit’s headquarters in Long Beach, California, bought the company’s 140,000 sq ft rocket factory and equipment for $16.1mn.
This week is looking like an exciting week for space investors, with good news from SpaceX last night, and hopefully some more good news from Virgin Galactic Holdings (NYSE: SPCE) arriving in a couple of days. In late Monday-morning trading, as of 11:10 a.m. ET, shares of space tourism pioneer Virgin Galactic notched a 9.7% gain, followed closely by cellphones-in-space company AST SpaceMobile (NASDAQ: ASTS), up 7.2%, and spy satellite operator BlackSky Technology (NYSE: BKSY), up 6.6%. On Sunday evening, SpaceX launched the second Axiom Space "all-private astronaut mission" to the International Space Station.
Virgin Galactic has revealed the date that will mark the opening of the window for its Unity 25 spaceflight. The opening for the mission will fall on May 25.
ORANGE COUNTY, Calif., May 17, 2023--Virgin Galactic Holdings, Inc. (NYSE: SPCE) today announced that the flight window for its upcoming spaceflight will open on May 25, 2023. The Unity 25 mission specialists will begin astronaut training on May 22, 2023.
Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a "stalking horse" agreement with Stratolaunch to sell mainly its aircraft assets, including the "Cosmic Girl" carrier aircraft, for $17 million in cash. A stalking horse bid is used as a starting bid or minimally accepted offer that other interested bidders must surpass if they want to buy the asset or company.
Virgin Galactic (NYSE: SPCE) announced steps toward two space flights in the next few weeks. In this video, Travis Hoium highlights the opportunity and risk for investors. *Stock prices used were end-of-day prices of May 10, 2023.
Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders to buy its assets by a handful of days, according to two sources familiar with the matter. The development was first reported by Sky News. Virgin Orbit, founded by billionaire Richard Branson, filed for Chapter 11 bankruptcy protection in April after the company struggled to secure long-term funding following a failed satellite launch in January.
Virgin Galactic Holdings ( NYSE:SPCE ) First Quarter 2023 Results Key Financial Results Net loss: US$159.4m (loss...
Q1 2023 Virgin Galactic Holdings Inc Earnings Call
Investing.com -- Stocks in focus in premarket trade on Wednesday, May 10th. Please refresh for updates.
Virgin Galactic (SPCE) delivered earnings and revenue surprises of -14% and 22.50%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
ORANGE COUNTY, Calif., May 09, 2023--Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the first quarter ended March 31, 2023 and provided a business update.