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  • Virgin Galactic (SPCE) Sees Pre-Market Surge On Positive Earnings Sentiment

    Virgin Galactic (SPCE) Sees Pre-Market Surge On Positive Earnings Sentiment

    Virgin Galactic Holdings Inc. (NYSE: SPCE) shares extended their upward momentum in pre-market activity, climbing 6.04% to $5.90 after surging 43.28% the previous session. Following the company’s Q1 2025 financial report, which revealed that its commercial spaceflight objectives were still being pursued, the raise was made.

    Gaining Momentum

    Virgin Galactic reaffirmed its intention to start commercial spaceflights in 2026 and revealed major advancements in the building of its next-generation Delta Class SpaceShips in preparation for the commercial launch.

    The company demonstrated the long-term value of its assets and offered a strategy for a profitable and scalable business model built on excellent customer service and operational effectiveness, despite the fact that it was still in the pre-revenue stage.

    Robust Financial Position Despite an Operational Pause

    With $567 million in marketable securities, cash, and cash equivalents, Virgin Galactic was able to retain a strong liquidity position. Revenue for the corporation dropped from $2.0 million in the same quarter of 2024 to $0.5 million as a result of the temporary suspension of commercial spaceflights to focus on vehicle production.

    However, due to decreasing operating expenditures, SPCE’s net loss decreased from $102 million in Q1 2024 to $84 million. Furthermore, compared to the prior year, adjusted EBITDA grew from $(87) million to $(72) million.

    Capital Creation and Growth Plans

    Virgin Galactic sold 6.9 million shares through its at-the-market offering program to generate $31 million to increase its financial flexibility. The business also revealed plans for two significant milestones: private astronaut trips in the autumn and the maiden flight of its new spacecraft carrying research payloads in the summer of 2026.

    Virgin Galactic is also demonstrating its plan to expand global infrastructure by conducting a feasibility study to assess the building of a second spaceport in Italy. SPCE now estimates that its free cash flow for the second quarter of 2025 will be between $105 million and $115 million.

  • On What Basis Did Virgin Galactic (SPCE) Stock Rise In Premarket Trading?

    On What Basis Did Virgin Galactic (SPCE) Stock Rise In Premarket Trading?

    As of the last check, Virgin Galactic Holdings Inc. (SPCE) is at $51.4 after climbing 4.47% in the premarket session. During the last trading session, Virgin Galactic stock lost -6.62% to close at $49.20. The price range of SPCE stock was from $49.46 to $52.63 during the session.

    Over the past 100 days, the SPCE stock has traded 25.87 million shares, below its volume of 62.59 million shares traded on the day. In the last five days, SPCE shares rose 13.92%, and in the last month, they climbed 39.93%.  SPCE stock is surging after a successful crewed space mission.

    When did SPCE complete the flight?

    As a vertically integrated company offering space travel for individuals and researchers, Virgin Galactic pioneers human spaceflight. Aside from advanced aircraft, SPCE also manufactures space and air vehicles. As part of the development of its spaceflight system, SPCE offers a unique and transformative experience to clients.

    VSS Unity, Virgin Galactic’s fourth rocket-powered spacecraft, successfully orbited the Earth, announced the company yesterday.

    • SPCE’s VSS Unity was tested for the 22nd time, but this was the first test flight with a full crew.
    • SPCE flight was also carrying the company’s founder, Sir Richard Branson.
    • SPCE crew members met several test objectives related to the cabin and customer experience.
    • These included evaluating the commercial customer cabin, views of Earth from space, research conditions, and the effectiveness of Spaceport America’s five-day pre-flight training program.
    • The successful flight was a milestone for SPCE and a historic event in the new commercial space industry.
    • As SPCE is successful in its missions, the next generation of astronauts is paved.
    • As SPCE’s Chief Executive Officer, Michael Colglazier expressed thanks to its whole team, including pilots and crew, and appreciated their commitment and dedication.
    • The SPCE team is working to make space more accessible so that it can be available to more people and not just to a few.
    • After being released from the mothership, VMS Eve, VSS Unity reached a speed of Mach 3.
    • As the vehicle soared up to 53.5 miles above ground, it glided smoothly into Spaceport America for a runway landing.
    • Global audiences witnessed the seminal moment for Sir Richard Branson and SPCE.
    • The SPCE Future Astronauts were given a taste of what awaits them when the Company launches its commercial service following the completion of its test flights.
    • The livestream of the SPCE event has been recorded and is available on the SPCE YouTube channel.

    How SPCE founder expressed his feelings?

    Despite longing for this moment since he was a child, Richard Branson said nothing could prepare him for the view from space. Virgin Galactic (SPCE) is at the vanguard of a new space age. As part of this remarkable crew of mission specialists and currently astronauts, he was proud to begin SPCE, as well as honored to test these incredible customer experiences. SPCE’s founder expressed his excitement for sharing this experience with the world’s aspiring astronauts.

  • Is This Why The Virgin Galactic (SPCE) Stock Rose 27% After Hours?

    On the last check Thursday, Virgin Galactic Holdings Inc. (SPCE) gained 27.32% to $54.99 in after-hours trading. The Virgin Galactic stock price ended the last trading session at $43.19, a loss of -6.11%. The price range of SPCE stock was from $43.19 to $46.43.

    SPCE stock traded 26.96 million shares, which was more than its daily average of 22.92 million shares over the past 100 days of trading. The SPCE shares have gained 7.28% in the last five days, while they have gained 38.74% in the past month. An announcement of a fully crewed flight to take off later this month sparked SPCE’s stock price to rise.

    SPCE’s plans for spaceflight:

    Advanced air and space vehicles of Virgin Galactic enable private spaceflight for tourists and researchers, a pioneering feat for the aviation and space travel industry. A spaceflight system is being developed by SPCE to offer customers an environment of wonder and awe on par with space travel.

    Today, Virgin Galactic announced the date for its next rocket-powered test flight of SpaceShipTwo Unity will be July 11, subject to weather and technical requirements. During its “Unity 22” mission, VSS Unity will complete its 22nd flight test, and SPCE will conduct its fourth crewed mission in space.

    Founder Sir Richard Branson will test the private astronaut experience aboard the first private astronaut aircraft, along with four mission specialists including two pilots. Several customer-experience objectives will be addressed during Unity 22 to build on the success of SPCE’s most recent flight in May, including:

    • SPCE will conduct a full crew assessment of the commercial customer cabin with an emphasis on cabin environment, seat comfort, weightlessness experience, and views of Earth that the spaceship delivers, all to ensure astronauts can enjoy the wonder and awe of space travel at every step of their journey.
    • Unity 22 will demonstrate how human-tended experiments can be performed.
    • The Virgin Galactic hopes to confirm that the training program at Spaceport America is compatible with the space flight experience.

    How is this time different from the last?

    Virgin Galactic (SPCE) will live-stream the spaceflight for the first time for everyone to watch. Visitors from around the globe will be able to attend virtual test flights of Unity 22 to experience the extraordinary experience SPCE is building for future astronauts. Virgin Galactic will simulcast the livestream on its Twitter, YouTube, and Facebook pages as well as on Virgin Galactic.com.

  • Why Is The Virgin Galactic (SPCE) Stock Up During Premarket Session?

    In today’s premarket session, Virgin Galactic Holdings Inc. (SPCE) shares are up 12.07% at $45.12. Last trading session, Virgin Galactic stock fell -1.37 percent to close at $40.26. SPCE stock traded for 13.39 million shares, which is below the average daily trading volume of 23.68 million shares for the past 50 days.

    Gains by SPCE stock in the last five days are 7.88%; however, over the past month, the shares have added 57.33%. In the past three months, SPCE’s stock price has increased 36.11%; it has gained 69.66 percent this year. Since it received approval from the Federal Aviation Administration (“FAA”), SPCE stock has been rising.

    SPCE has received approval for what?

    Virgin Galactic is a vertically integrated aerospace and space travel company that pioneered private, human spaceflights. Additionally, SPCE produces aircraft and spacecraft. SPCE is working on a spaceflight system to provide customers with an exceptional space adventure.

    Virgin SPCE’s commercial space transportation operator license has been updated by the FAA to allow Virgin Galactic to fly passengers into space, announced the company in a press release today.

    • In addition, SPCE has confirmed that it has completed an extensive review of the data from its test flight of May 22 and that all of the flight objectives were met.
    • FAA has granted a customer license for the first time to SPCE, which has held its operator’s license since 2016.
    • SPCE’s methodical testing program has been verified and validated by the FAA to meet their verification and validation criteria.
    • During SPCE’s May 22 flight of VMS Eve and VSS Unity, the crew flew into space for the third time and for the first time from Spaceport America, New Mexico.
    • The flight reached space at a height of 55.5 miles and sped up to Mach 3.
    • The Company reviewed extensive flight data and found the following:
      • SPCE’s upgraded horizontal stabilizers and flight controls performed well, as predicted.
      • The cabin environment data collected by SPCE also met expectations.
      • The VSS Unity was flown according to a specific trajectory in order to meet the objectives of these tests.

    SPCE’s further plans:

    As a result of the FAA’s approval of its full commercial launch license today, coupled with the success of its May 22 test flight, SPCE is confident that it will successfully conduct its first crewed mission this summer. Virgin Galactic (SPCE) will now turn its attention to preparing for the remaining three test flights after completing the analysis of the May flight.

  • Under the spotlight: Aerospace & Defence Stocks

    Under the spotlight: Aerospace & Defence Stocks

    Rolls-Royce is now facing the most challenging time in its 114-year history because of the coronavirus crisis. By raising 5 billion pounds ($6.8 billion) in cash, the supplier to Airbus and Boeing Co (NYSE: BA) bought it time but warned that 2020 would be even worse than expected.

    The manufacturer of powerplants for British nuclear submarines might need to be saved by the state before it secured extra funds in November.

    Following last month’s reduction in Rolls’ debt rating to “junk,” Prime Minister Boris Johnson attempted to allay concerns, saying the government would work with the company to ensure its “long-term future” as a “great, great British company.”

    Rolls Royce is one of only four major manufacturers in the world of aero engines, symbolizing British industrial interests at a crucial time when the nation is attempting to assert its position in a post-Brexit world and struggling with uncertainty over the future trade relationships.

    The Boeing Company (NYSE:BA) shares were trading down -2.05% at $221.24 at the time of writing on Thursday. Boeing (BA) recently stated that the company and the University of Arizona put an age-old technique, thermal disinfection, to use in the fight against COVID-19.

    The Boeing Company (NYSE:BA) share price went from a low point around $89.00 to briefly over $349.95 in past 52 weeks, though shares have since pulled back to $221.24. BA market cap has remained high, hitting $127.12B at the time of writing, giving it price-to-sales ratio of more than 2.

    If we look at the recent analyst rating BA, UBS upgraded coverage on BA shares with a Buy rating and a $213.13 price target, which implies room for -8.11% downside momentum this year.

    EHang Holdings Limited (EH) last closed at $20.21, in a 52-week range of $7.59 to $24.38. The company achieved a significant milestone on the path to offering Urban Air Mobility (“UAM”) services worldwide. As On December 9, the Civil Aviation Authority of Austria issued a trial flight permit for the EH216 passenger-grade AAV. Analysts have a consensus price target of $13.00.

    Embraer S.A. (ERJ) stock drop by -0.96% to $7.22. The most recent rating by Morgan Stanley, on August 11, 2020, is at an Underweight.

    Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Shares headed rising, higher as much as 6.63% following its announcement of successful completion of Kratos Valkyrie UAS AttritableONE flight test enabling the F-22 and F-35 5th flying of generation fighters in formation. The most recent rating by JP Morgan, on September 22, 2020, is at a Neutral.

    L3Harris Technologies Inc. (NYSE:LHX) fall -0.23% after losing more than -$0.42 on Thursday after reporting that it will host a conference call on Friday, January 29, 2021, at 8:30 a.m. Eastern Time (ET) to discuss its fourth quarter calendar year 2020 financial results.

    Lockheed Martin Corporation (LMT) last closed at $352.60, in a 52-week range of $266.11 to $442.53. Analysts have a consensus price target of $436.00.

    Northrop Grumman Corporation (NOC) stock drop by -0.44% to $300.68. On December 8, 2020, the company and Veritas Capital, revealed that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for $3.4 billion in cash. The most recent rating by RBC Capital Mkts, on October 06, 2020, is at an Outperform.

    AMMO Inc. (NASDAQ:POWW) Shares headed falling, lower as much as -2.15% after reporting the closing of Underwriters’ $2.6 million over-allotment of common stock.

    Raytheon Technologies Corporation (NYSE:RTX) rose 0.10% after gaining more than $0.07 on Thursday.

    Virgin Galactic Holdings Inc. (SPCE) last closed at $25.50, in a 52-week range of $9.06 to $42.49. On December 14, 2020, the firm revealed an update following its recent test flight on December 12, 2020. Analysts have a consensus price target of $26.78.

    Spirit AeroSystems Holdings Inc. (SPR) stock drop by -1.30% to $36.37. The most recent rating by UBS, on December 07, 2020, is at a Buy.

    Smith & Wesson Brands Inc. (NASDAQ:SWBI) Shares headed rising, higher as much as 0.89% following the declaration from the firm that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through December 14, 202. The most recent rating by Aegis Capital, on September 24, 2020, is at a Buy.

    AgEagle Aerial Systems Inc. (AMEX:UAVS) rose 5.57% after gaining more than $0.17 on Thursday.