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SPCE

Virgin Galactic Holdings, Inc.

https://www.virgingalactic.com

Industry

Aerospace & Defense

Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.

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Goldman Sachs analyst Noah Poponak maintains a Neutral rating on Virgin Galactic Holdings (NYSE: SPCE) but lowers the price target from $61 to $53.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:53 pm

Virgin Galactic (NYSE:SPCE) plans to finalize the design of its Delta Class spaceships by Q3 2023, aiming for commercial service in 2026. The company expects significant revenue growth, projecting $1 billion annually with increased flight capacity. Despite high future expectations, Virgin Galactic posted a net loss of $94 million for Q2 2023 but beat revenue estimates.

Portfolio Pulse from Anan Ashraf

August 08, 2024 | 12:47 pm

Susquehanna analyst Charles Minervino maintains a Neutral rating on Virgin Galactic Holdings (NYSE:SPCE) but lowers the price target from $8 to $6.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:31 pm

On Wednesday, major U.S. indices closed lower, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing declines. Key stocks that gained attention include Robinhood Markets, Occidental Petroleum, Virgin Galactic, Tesla, and Disney. Robinhood reported a 40% YoY increase in Q2 revenue, Occidental Petroleum beat revenue estimates, Virgin Galactic reported quarterly losses but beat analyst estimates, Tesla's CEO reiterated plans to make the Cybertruck more affordable, and Disney reported a 4% YoY revenue increase.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 3:40 am

Virgin Galactic has projected a loss of $115 million to $125 million for Q3.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:43 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares rose after the company reported better-than-expected Q2 results. The company posted a quarterly loss of $4.36 per share, beating estimates by 11.56%, and revenue of $4.22 million, surpassing estimates by 25.56%. The net loss improved to $94 million from $134 million in the same period last year. The company also made significant progress on its Delta Class spaceship program.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 9:35 pm

Virgin Galactic Holdings (NYSE: SPCE) reported better-than-expected Q2 2024 results with a GAAP EPS of $(4.36), beating the estimate of $(4.93). The company also reported sales of $4.220 million, surpassing the $3.361 million estimate and showing a 125.55% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:51 pm

Susquehanna analyst Charles Minervino maintains a Neutral rating on Virgin Galactic Holdings (NYSE: SPCE) and adjusts the price target to $8 from $24 following a 1-for-20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:00 pm

Morgan Stanley analyst Kristine Liwag maintains an Underweight rating on Virgin Galactic Holdings (NYSE:SPCE) but raises the price target from $1.75 to $35.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:08 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) has announced a new contract with the International Institute for Astronautical Sciences (IIAS) to fly three research astronauts aboard its Delta Class spaceship. This mission, expected to take place within the first year of Delta commercial service in 2026, will build on the results of the 'Galactic 05' mission conducted in November 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:49 am

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