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Virgin Galactic Holdings, Inc. - $SPCE STOCK NEWS

Welcome to our dedicated page for Virgin Galactic Holdings news (Ticker: $SPCE), a resource for investors and traders seeking the latest updates and insights on Virgin Galactic Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Virgin Galactic Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Virgin Galactic Holdings's position in the market.

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Virgin Galactic, listed on the NYSE under the symbol SPCE, has announced an inducement award under NYSE Listing Rule 303A.08. The Compensation Committee approved a restricted stock unit award of 24,205 shares to a new non-executive employee. Effective May 15, 2024, this award is part of the 2023 Employment Inducement Incentive Award Plan, designed to attract new employees. The stock units will vest over four years, with 25% vesting on the first anniversary and the remaining 75% vesting quarterly over three years, contingent on continued service with the company.

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-2.83%
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Virgin Galactic announced its first quarter 2024 financial results, highlighting revenue of $2 million, a net loss of $102 million, and a cash position of $867 million. The company remains focused on the Delta Class program, targeting commercial service in 2026. 'Galactic 07' mission is planned for June 8, 2024, with VMS Eve expected to support up to 125 flights per year.

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Virgin Galactic Holdings, Inc. (NYSE: SPCE) has opened a new system integration facility in Southern California for its Delta Class spaceships, starting ground tests of initial subsystems. The facility houses an 'Iron Bird' test platform to expedite development and enhance safety. The company aims to move from prototype to production model, reducing development time. The Delta fleet is set to launch commercially in 2026, with the final assembly in Phoenix, Arizona.

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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced the 'Galactic 07' mission launch window for June 8, 2024, marking its 12th spaceflight. The flight will focus on suborbital research with experiments from Axiom Space, Purdue University, and UC Berkeley, showcasing Virgin Galactic's role in microgravity research. The mission will be VSS Unity's final commercial flight, leading the company to focus on next-generation spaceships for commercial service by 2026.

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Virgin Galactic (NYSE: SPCE) will release its first-quarter 2024 financial results on May 7, 2024, followed by a conference call at 2:00 p.m. PT. Investors can access the live webcast and replay on the company's Investor Relations website.
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Virgin Galactic announced the grant of time-based inducement restricted stock unit awards to a new non-executive employee, totaling 23,946 shares of common stock. The award will vest over a four-year period, with 25% vesting on the first anniversary of the grant date and the rest over the following 12 quarters.
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1.96%
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Virgin Galactic (NYSE: SPCE) granted time-based inducement restricted stock unit awards to two non-executive employees, totaling 46,225 shares, under the 2023 Employment Inducement Incentive Award Plan. The awards will vest over four years, with 25% vesting on the first anniversary of the grant date and the rest over the following 12 quarters.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announces successful completion of six human spaceflights in six months in 2023, with plans for Delta Class Spaceships to enter commercial service in 2026. The company reported strong financial results for the fourth quarter and full year ended December 31, 2023, with a cash position of $982 million and revenue growth driven by commercial spaceflights and membership fees.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) will report its Q4 and full-year 2023 financial results on February 27, 2024, followed by a conference call. The webcast and replay will be accessible on the Investor Relations website.
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Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced that an alignment pin detached from the launch pylon of VMS Eve during the 'Galactic 06' spaceflight. The company notified the FAA and is conducting a review. The flight was safe, with no safety impact to the vehicles or crew. No damage was observed, and the detached pin did not affect the spaceship or mothership during mated flight. Virgin Galactic plans to provide further updates and confirm the flight window for the 'Galactic 07' mission in the second quarter of 2024.
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Virgin Galactic Holdings, Inc.

NYSE:SPCE

SPCE Rankings

SPCE Stock Data

431.93M
365.53M
8.42%
39.28%
23.42%
Small Arms Ammunition Manufacturing
Manufacturing
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United States of America
TUSTIN

About SPCE

virgin galactic is the world’s first commercial spaceline. we are developing vehicles to fly private astronauts, research experiments, and satellites to space—democratizing access to space for the benefit of life on earth. the virgin galactic astronaut experience will include out-of-seat weightlessness and stunning views of earth from space onboard spaceshiptwo, our reusable spaceplane designed for us by aerospace pioneer scaled composites. spaceshiptwo has been designed to carry two pilots and as many as six astronauts (or more than 1,000 pounds of experiments) to space and back on commercial flights from new mexico’s spaceport america, the world’s first purpose-built commercial spaceport. we are also developing launcherone, a dedicated launch vehicle for small satellites. launcherone is designed to carry smaller satellites (typically 200-300 kilograms)) into earth orbit for historically low prices. together with our wholly-owned manufacturing arm, the spaceship company, virgin galact