Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. It also manufactures air and space vehicles. The company's spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space. In addition, it engages in the design and development, manufacturing, ground and flight testing, and post-flight maintenance of spaceflight vehicles. The company was founded in 2017 is headquartered in Las Cruces, New Mexico.
IPO Year: 2017
Exchange: NYSE
Website: virgingalactic.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/10/2024 | $1.00 → $3.00 | Sell → Hold | Truist |
11/22/2023 | $4.00 → $1.75 | Equal-Weight → Underweight | Morgan Stanley |
6/14/2023 | $4.75 | Underweight → Neutral | Alembic Global Advisors |
2/17/2023 | Underperform → Peer Perform | Wolfe Research | |
1/24/2023 | Sector Weight | KeyBanc Capital Markets | |
1/10/2023 | $4.00 | Equal-Weight | Morgan Stanley |
10/11/2022 | $4.00 | Underperform | Wolfe Research |
9/9/2022 | $4.00 | Mkt Perform → Underperform | Bernstein |
8/5/2022 | $8.00 → $5.00 | Hold → Sell | Truist |
6/21/2022 | $4.00 | Underweight | Wells Fargo |
8-K - Virgin Galactic Holdings, Inc (0001706946) (Filer)
424B5 - Virgin Galactic Holdings, Inc (0001706946) (Filer)
10-Q - Virgin Galactic Holdings, Inc (0001706946) (Filer)
8-K - Virgin Galactic Holdings, Inc (0001706946) (Filer)
8-K - Virgin Galactic Holdings, Inc (0001706946) (Filer)
10-Q - Virgin Galactic Holdings, Inc (0001706946) (Filer)
8-K - Virgin Galactic Holdings, Inc (0001706946) (Filer)
8-K - Virgin Galactic Holdings, Inc (0001706946) (Filer)
8-K - Virgin Galactic Holdings, Inc (0001706946) (Filer)
S-8 - Virgin Galactic Holdings, Inc (0001706946) (Filer)
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4 - Virgin Galactic Holdings, Inc (0001706946) (Issuer)
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4 - Virgin Galactic Holdings, Inc (0001706946) (Issuer)
4 - Virgin Galactic Holdings, Inc (0001706946) (Issuer)
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SC 13G - Virgin Galactic Holdings, Inc (0001706946) (Subject)
Build Phase of Delta Class Spaceships Underway with Commercial Service on Track for 2026 Fleet Expansion Progressing as Design Efforts Shift to Mothership Program Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the third quarter ended September 30, 2024 and provided a business update. CEO Michael Colglazier said, "Our spaceship program remains on track to begin commercial operations in 2026, and with strong progress made on the Delta program, we now have the engineering capacity to advance design work on a second mothership, which will accelerate the next phase of growth for Virgin Galactic." Third Quarter 2024
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it will report its financial results for the third quarter 2024 following the close of the U.S. markets on Wednesday, November 6, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicl
'Galactic 07' Mission Successfully Completed VSS Unity's Operational Phase, Delivering Record per Seat Revenue of $900K Accelerating Pace of Tool Development and Parts Fabrication as Focus Shifts to Build and Test Phases of Delta Class Spaceships Delta Class Spaceships on Track for Commercial Service in 2026 Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the second quarter ended June 30, 2024 and provided a business update. Michael Colglazier, Chief Executive Officer of Virgin Galactic said, "Progress on our Delta Class spaceship program was substantial in Q2, with the pace of design completion accelerati
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it will report its financial results for the second quarter 2024 following the close of the U.S. markets on Wednesday, August 7, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehi
'Galactic 07' Mission Planned for June 8, 2024 Delta Class Spaceships on Track for Commercial Service in 2026 VMS Eve Expected to Support Increased Flight Rate of up to 125 Flights per Year Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the first quarter ended March 31, 2024 and provided a business update. Michael Colglazier, Chief Executive Officer of Virgin Galactic said, "It's an exciting time for Virgin Galactic as we celebrate the success of VSS Unity with its upcoming 'Galactic 07' mission and remain laser focused on executing our Delta Class program. Tool delivery and parts fabrication are beginnin
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it will report its financial results for the first quarter 2024 following the close of the U.S. markets on Tuesday, May 7, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicles.
Successfully Flew Six Human Spaceflights in Six Months in 2023 'Galactic 06' Mission Completed in January 2024 Delta Class Spaceships On Track for Ground and Flight Testing in 2025 and Commercial Service in 2026 Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2023 and provided a business update. Michael Colglazier, Chief Executive Officer of Virgin Galactic said, "2023 was incredible for Virgin Galactic as years of R&D and flight test culminated in launching our commercial Spaceline and successfully flying back-to-back monthly spaceflights, each deliverin
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it will report its financial results for the fourth quarter and full year of 2023 following the close of the U.S. markets on Tuesday, February 27, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced
Successfully Completed Six Spaceflights in Six Months With Overwhelmingly Positive Customer Feedback Q3 Cash and Marketable Securities Position of $1.1 Billion Forecasted to be Sufficient to Bring First Delta Class Spaceships Into Service and Achieve Positive Cash Flow in 2026 Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the third quarter ended September 30, 2023 and provided a business update. Michael Colglazier, Chief Executive Officer of Virgin Galactic said, "With six spaceflights successfully completed in under six months, Virgin Galactic has demonstrated the repeatability of our spaceflight system an
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company"), an aerospace and space travel company, today announced that it will report its financial results for the third quarter of 2023 following the close of the U.S. markets on Wednesday, November 8, 2023. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Holdings Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals
Global Leader in Space Manufacturing Begins Building Next-Generation Research Lockers to Grow the Suborbital-to-Orbital Research Market Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced a partnership with Redwire Corporation (NYSE:RDW) to manufacture the research payload lockers that will travel aboard Virgin Galactic's new Delta-Class spaceships. This new platform will significantly upgrade the microgravity research capabilities available with Virgin Galactic. Redwire is a global space infrastructure and innovation company with decades of experience in developing biotech and industrial-manufacturing technologies to operate in microgravity.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic") announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 4,259 shares of Virgin Galactic common stock to two new non-executive employees, each effective December 15, 2024. The awards were granted under Virgin Galactic's 2023 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Virgin Galactic. The restricted stock unit awards will vest over a four-year period: 25% of the underlying shares will vest on the first anniversary of the grant date and t
Study to Evaluate Technical and Regulatory Feasibility of Operating from Italy's Grottaglie Spaceport Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic") and Ente Nazionale per l'Aviazione Civile ("ENAC"), the civil aviation authority of Italy, today announced the signing of an Agreement of Cooperation to jointly study the feasibility of Virgin Galactic conducting spaceflight operations from Grottaglie Spaceport in the Puglia region of Southern Italy. The study will evaluate the necessary technical requirements for suborbital spaceflight operations at Grottaglie Spaceport, the surrounding area's ability to support private and research suborbital spaceflight c
Company Intends to Use Any Proceeds to Further Accelerate the Expansion of Its Next Generation Spaceflight Fleet, Including the Production of an Additional Mothership Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it has entered into a sales agreement under which it may offer and sell shares of its common stock (the "Shares") having an aggregate offering price of up to $300 million from time to time pursuant to an "at the market" program (the "ATM Program"). The Company intends to use the net proceeds from any sales of its common stock under the ATM Program to further accelerate the development and production of its next-generation spa
Build Phase of Delta Class Spaceships Underway with Commercial Service on Track for 2026 Fleet Expansion Progressing as Design Efforts Shift to Mothership Program Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the third quarter ended September 30, 2024 and provided a business update. CEO Michael Colglazier said, "Our spaceship program remains on track to begin commercial operations in 2026, and with strong progress made on the Delta program, we now have the engineering capacity to advance design work on a second mothership, which will accelerate the next phase of growth for Virgin Galactic." Third Quarter 2024
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it will report its financial results for the third quarter 2024 following the close of the U.S. markets on Wednesday, November 6, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicl
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic") announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 42,018 shares of Virgin Galactic common stock to three new non-executive employees, each effective September 15, 2024. The awards were granted under Virgin Galactic's 2023 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Virgin Galactic. The restricted stock unit awards will vest over a four-year period: 25% of the underlying shares will vest on the first anniversary of the grant date an
'Galactic 07' Mission Successfully Completed VSS Unity's Operational Phase, Delivering Record per Seat Revenue of $900K Accelerating Pace of Tool Development and Parts Fabrication as Focus Shifts to Build and Test Phases of Delta Class Spaceships Delta Class Spaceships on Track for Commercial Service in 2026 Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced its financial results for the second quarter ended June 30, 2024 and provided a business update. Michael Colglazier, Chief Executive Officer of Virgin Galactic said, "Progress on our Delta Class spaceship program was substantial in Q2, with the pace of design completion accelerati
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced that it will report its financial results for the second quarter 2024 following the close of the U.S. markets on Wednesday, August 7, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor Relations website at investors.virgingalactic.com. About Virgin Galactic Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehi
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic") announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 3,089 shares of Virgin Galactic common stock to two new non-executive employees, each effective July 15, 2024. The awards were granted under Virgin Galactic's 2023 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Virgin Galactic. The restricted stock unit awards will vest over a four-year period: 25% of the underlying shares will vest on the first anniversary of the grant date and the r
Truist upgraded Virgin Galactic from Sell to Hold and set a new price target of $3.00 from $1.00 previously
Morgan Stanley downgraded Virgin Galactic from Equal-Weight to Underweight and set a new price target of $1.75 from $4.00 previously
Alembic Global Advisors upgraded Virgin Galactic from Underweight to Neutral and set a new price target of $4.75
Wolfe Research upgraded Virgin Galactic from Underperform to Peer Perform
KeyBanc Capital Markets initiated coverage of Virgin Galactic with a rating of Sector Weight
Morgan Stanley initiated coverage of Virgin Galactic with a rating of Equal-Weight and set a new price target of $4.00
Wolfe Research initiated coverage of Virgin Galactic with a rating of Underperform and set a new price target of $4.00
Bernstein downgraded Virgin Galactic from Mkt Perform to Underperform and set a new price target of $4.00
Truist downgraded Virgin Galactic from Hold to Sell and set a new price target of $5.00 from $8.00 previously
Wells Fargo initiated coverage of Virgin Galactic with a rating of Underweight and set a new price target of $4.00
Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic") today announced the appointment of Luigi Brambilla to Virgin Galactic's Board of Directors. Brambilla is an experienced investment and capital markets executive with an 18-year track record of experience across the Travel & Leisure, Wellness, Entertainment and Financial sectors—including 10 years at the Virgin Group. Michael Colglazier, Chief Executive Officer of Virgin Galactic, said: "We are very pleased to announce Luigi as the newest member of our Board. His long history with Virgin Group, along with his extensive investment and capital markets expertise, make him an ideal fit for the role as we continue t
Seasoned Manufacturing Executive Brings Decades of Business Experience Across Sectors to New Role Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic") today announced the appointment of Henio Arcangeli, Jr. to Virgin Galactic's Board of Directors. Arcangeli is a seasoned consumer and industrial manufacturing executive with more than 20 years of experience leading businesses across the automotive, electronics, and industrial sectors. Michael Colglazier, Chief Executive Officer of Virgin Galactic, said: "We are incredibly pleased to welcome Henio as the newest member of our Board. His proven business prowess gained from decades of experience helping lead global
Virgin Group Executive Evan Lovell Appointed Chair of the Board of Directors Former U.S. Secretary of the Navy Raymond Mabus, Jr. to Join Board as Lead Independent Director Former Global Investment Manager Diana Strandberg to Join as New Director Board Members Bring Strong Mix of Expertise, Industry Experience and Diverse Perspectives Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic") today announced several changes to Virgin Galactic's Board of Directors including the appointment of two new directors. The Company also announced that Virgin Group's Chief Investment Officer, Evan Lovell, has been appointed Chair of the Board of Directors, effective April
Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic"), an aerospace and space travel company, today announced that Sarah E. Kim will join the Company as Executive Vice President, Chief Legal Officer and Corporate Secretary, effective on December 5, 2022. As a seasoned executive with over 15 years of legal and finance experience, Kim will be responsible for all aspects of the Company's legal, compliance and regulatory functions. This includes advising on future transactions, strategic partnerships, and investments, ensuring securities compliance and corporate governance, managing legal and business risks, and developing and overseeing the Company's in-house legal s
Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic"), an aerospace and space travel company, today announced that former Rolls-Royce executive Matthew Boguradzki has been appointed Vice President, Sales and Strategy, effective today. Boguradzki will lead Virgin Galactic's sales team, supporting the Company's commercial growth and developing its thriving customer community. He will oversee all sales efforts including strategy, sourcing, negotiation, and client management, and will report to Blair Rich, President and Chief Business Officer, Commercial and Consumer Operations. "Our thoughtful and high-touch approach to our customer journey is one of Virgin Galactic
Aviation veteran to lead the expansion of Technical Operations capabilities in preparation for high frequency flights in commercial service Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic"), a vertically integrated aerospace and space travel company, announced today that former Delta Air Lines executive Mike Moore has been appointed Executive Vice President, Spaceline Technical Operations, effective August 22. Moore will lead Virgin Galactic's technical operations and maintenance team in charge of ensuring the Company's vehicles are ready for flight. As part of this new position, he will help design and implement the operational model and technical infrastruc
Veteran pilot to lead flight test program as the Company progresses towards commercial service launch and develops future spaceship fleet Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic"), an aerospace and space travel company, today announced that veteran pilot and retired U.S. Air Force Lt. Col. Kelly Latimer has been promoted to Director of Flight Test. Latimer joined Virgin Galactic in 2015 as its first female test pilot. She currently serves as a pilot for the mothership, VMS Eve, and was pilot in command for the Unity 21 mission and second in command for the historic Unity 22 mission. She will continue to serve as a Virgin Galactic pilot and will fly th
Chamath Palihapitiya Steps Down from Board of Directors Board Appoints Evan Lovell as Interim Chair Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic") announced today that, effective immediately, Chamath Palihapitiya will step down as chairman and as a member of its Board of Directors to focus on other public company board commitments. As part of the announcement, the Board appointed Director Evan Lovell as Interim Chairman until a new chair is in place. Lovell has served on Virgin Galactic's Board since 2017 and is the Chief Investment Officer of the Virgin Group. He is a seasoned private equity investor and operator, having invested and participated in glob
Veteran marketing innovator will lead Company's commercial and consumer business and evolution of iconic consumer brand Virgin Galactic Holdings, Inc. (NYSE:SPCE) (the "Company" or "Virgin Galactic"), an aerospace and space travel company, announced today that Blair Rich has been appointed President and Chief Business Officer, Commercial and Consumer Operations as the company prepares for the launch of commercial service later this year. In this newly created role, Rich will lead all aspects of the Company's commercial strategy including sales, marketing, business and product development, communications, operations, and customer experience. Rich has more than two decades of experience bui
LAS CRUCES, N.M.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”), a vertically integrated aerospace and space travel company, today announced the appointment of Doug Ahrens as its new Chief Financial Officer, effective March 1, 2021. Ahrens will succeed Jon Campagna, who is stepping down as Chief Financial Officer following Virgin Galactic’s successful transition from private to public company. Michael Colglazier, Chief Executive Officer of Virgin Galactic, said, “I’m thrilled to welcome Doug Ahrens to the Virgin Galactic team. Doug’s deep experience helping global manufacturing companies scale and grow, combined with his tremendous capital marke