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

Purpose-Built Final Assembly Facility for Delta Spaceships Receives Certificate of Occupancy Spaceship Assembly Expected to Begin in Q1 2025 Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced the completion of its new manufacturing facility in Phoenix, Arizona, where final assembly of its next-generation Delta spaceships is scheduled to take place starting in Q1 2025. An initial team of Virgin Galactic technical operations and manufacturing personnel has begun preparing the facility to receive and install tooling, expected to arrive in Q4 2024. The facility will then begin to receive major subassemblies, including the wing, the fuselage, an

International Institute for Astronautical Sciences to Expand Research Conducted on Galactic 05 Flight Second-Time Virgin Galactic Astronaut Kellie Gerardi to Lead IIAS Crew Aboard Next Generation Delta Spaceship Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced a new contract with the International Institute for Astronautical Sciences ("IIAS") to fly three research astronauts as part of a future crew aboard the Company's Delta Class spaceship. It will be the second research mission that IIAS has conducted with Virgin Galactic. It follows ‘Galactic 05' in November 2023, which tested novel healthcare technologies and examined how fluids beha

Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic") announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grant, effective June 15, 2024, of a time-based inducement restricted stock unit award of 1,741 shares of Virgin Galactic common stock (after taking into account the 1-for-20 reverse stock split of Virgin Galactic common stock, which became effective on June 14, 2024) to one new non-executive employee. The award was 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 award will vest over a four-

Susquehanna analyst Charles Minervino maintains Virgin Galactic Hldgs (NYSE:SPCE) with a Neutral, adjusts target to $8 from $24 (1-20 Reverse Stock Split)

Goldman Sachs analyst Noah Poponak maintains Virgin Galactic Hldgs (NYSE:SPCE) with a Neutral and lowers the price target from $70 to $61.

Virgin Galactic Holdings Inc (NYSE:SPCE) shares are trading higher. The company on Wednesday announced the completion of its new spaceship manufacturing facility in Arizona. What Happened: Virgin Galactic said it completed its new Arizona facility and plans to perform final assembly of its next-generation Delta spaceships starting in the first quarter of 2025. Virgin Galactic noted that a technical operations and manufacturing personnel team has begun preparing the facility for tooling that is expected to be delivered in the fourth quarter of this year. The facility will then begin to receive major subassemblies next year. “The completion of our new manufacturing facility is an impo

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 03/21/25 $9.00 $477.0K 7.5K 9.0K EOSE CALL SWEEP BULLISH 12/20/

Morgan Stanley analyst Kristine Liwag maintains Virgin Galactic Hldgs (NYSE:SPCE) with a Underweight and raises the price target from $1.75 to $35.

Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("Virgin Galactic" or the "Company") today announced a new contract with the International Institute for Astronautical Sciences ("IIAS") to fly three research astronauts as part of a future crew aboard the Company's Delta Class spaceship. It will be the second research mission that IIAS has conducted with Virgin Galactic. It follows ‘Galactic 05' in November 2023, which tested novel healthcare technologies and examined how fluids behaved in low gravity to help inform designs for future medical technologies and life-support systems. The mission is anticipated to take place within the first year of Delta commercial service, which remains on track to

Virgin Galactic Holdings, Inc. (NYSE:SHTTPS, NYSE:SPCE) shares are traded lower Tuesday potentially on continued weakness following the company’s 1-for-20 reverse stock split that went into effect Monday. What’s Going On: Virgin Galactic shares began trading on a split-adjusted basis on Monday. The split was aimed at raising the company’s stock price to meet the NYSE’s minimum bid price requirement for continued listing. Despite successfully launching four tourists aboard its VSS Unity spaceplane on June 8, Virgin Galactic’s stock has plummeted over 40% in the past month. The company plans to replace VSS Unity with its Delta class spaceships, expected to enter commercial flight in 2026

The U.S. Securities and Exchange Commission (SEC) sued Matthew Brown, a Texas man, for allegedly making a fraudulent $200 million offer to save the now-defunct satellite launch company Virgin Orbit Holdings, Inc. (NASDAQ:VORBQ), previously owned by billionaire Richard Branson. According to the SEC, Brown falsely claimed to be an experienced venture capitalist with investments in more than 13 space companies and fabricated a bank statement to support his bid. The SEC’s complaint, filed in Fort Worth, Texas, federal court, accused Brown of presenting a doctored screenshot showing his company’s bank account holding $182.4 million when it contained less than $1. Brown also demanded a 3%

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume UBER CALL SWEEP NEUTRAL 08/16/24 $67.50 $57.8K 6.7K 583 RKLB CALL SWEEP BULLISH 01/16

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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

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

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