|Bid||19.23 x 1000|
|Ask||19.23 x 800|
|Day's Range||18.81 - 19.30|
|52 Week Range||6.90 - 42.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.75|
SpaceX is back in the news with a test of part of its Starship system, which could eventually take crews to the moon, to Mars and beyond.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic"), a vertically integrated aerospace and space travel company, announced today the pricing of its underwritten public offering of 23,600,000 shares of its common stock at a public offering price of $19.50 per share, before underwriting discounts and commissions. All of the shares are being offered by Virgin Galactic. In addition, Virgin Galactic has granted the underwriters a 30-day option to purchase up to an additional 3,540,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Virgin Galactic, are expected to be $460.2 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on August 10, 2020, subject to customary closing conditions.
Yahoo Finance’s Emily McCormick joins Kristin Myers to discuss the outlook for Virgin Galactic after the company reported a wider-than-expected second-quarter loss.