Virgin Galactic (NYSE:SPCE) stock is rocketing higher on Tuesday as shares of the space travel company get caught up in the recent meme rally started by Roaring Kitten.Roaring Kitten started the meme stock rally in 2021 with his coverage of GameStop (NYSE:GME) stock. Then he went quiet for three years before returning over the weekend. This has prompted a new meme stock rally that sending both old and new meme stocks higher today.Previous meme stock rallies have often focused on squeezing shorts out of comp ...

Virgin Galactic (NYSE: SPCE) stock price joined other meme companies like AMC, Blackberry, and GameStop in a strong rally. It soared by over 9% on Monday and continued its comeback on Tuesday as it surged by over 12%. That rally pushed its market cap to over $430 million, which is sharply lower than its all-time high of over $10 billion.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Short squeeze continuesCopy link to sectionVirgin Galactic, like Mic ...

Virgin Galactic stock could go bankrupt... or it could double.Shares of Virgin Galactic (SPCE 11.30%) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning.Now why would investors look at this report and think it good news? Because despite the lower price target, Cowen says Virgin Galactic stock is still a buy.Is bad news good news for Virgin Galactic?As the analyst explains in a no ...

Why would you invest in a spaceplane stock that has no actual spaceplanes to fly?Space roller-coaster stock Virgin Galactic (SPCE 3.50%) took investors on a wild ride this week, soaring 10% Monday on news of progress building its Delta-class spaceplane, then tumbling 7% early Wednesday after reporting how much money its current Unity-class spaceplane is losing -- only to land right near where it began the week, around $1 a share.But I think investors are overestimating Virgin Galactic's chances of success. ...

Surprise! Virgin Galactic is a penny stock again.Last night, space tourism pioneer Virgin Galactic (SPCE -2.18%) announced its earnings from the first quarter with the only spaceplane it has. The news was not great, and as of 11:05 a.m. ET on Wednesday, the stock is down 7.1%, making it officially a penny stock again.The decline follows its 10% jump on Monday after the company announced progress on its do-or-die project to build a new Delta-class spaceplane to replace the current Unity-class spaceplane -- t ...

Virgin Galactic (SPCE) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this company would post a loss of $0.30 per share when it actually produced a loss of $0.25, delivering a surprise of 16.67%.Over the last four quarters, the company has surpassed ...

FIRST QUARTER 2024 EARNINGS UPDATE 5.7.2024 1 DISCLOSURES FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). A ...

财务数据和关键指标变化 - 公司在2024年第一季度实现收入2百万美元 [33] - 总运营费用为1.13亿美元,较上年同期的1.64亿美元有所下降,主要由于研发和销售费用的减少 [33] - 自由现金流为负1.26亿美元,较上年同期的负1.39亿美元有所改善 [33] - 公司预计2024年第二季度收入约为3.5百万美元,自由现金流预计为负1.1亿至1.2亿美元 [36] 各条业务线数据和关键指标变化 - 公司计划在2026年开始商业运营首批2艘Delta飞船,预计每年可执行约125次航天飞行,载运750名宇航员 [30][31] - 公司预计在首批2艘Delta飞船投入商业运营后的12个月内,可实现约4.5亿美元的年化收入 [31] - 公司预计每次航天飞行的贡献毛利率将超过75%,足以覆盖固定成本并产生可观的经营现金流 [32] 各个市场数据和关键指标变化 - 公司计划在新墨西哥州的Spaceport America扩大运营,并在全球其他优质位置增加航天港 [33] - 公司估计每个运营中的航天港每年可产生超过10亿美元的收入 [33] 公司战略和发展方向及行业竞争 - 公司计划通过在新墨西哥州增加飞船数量,以及在全球其他地区扩展至更多航天港,来扩大商业航天旅行业务 [37][38] - 公司正在推进Delta项目,计划于2026年开始商业运营首批2艘Delta飞船 [26][29] - 公司正在开发下一代母航天飞机,计划于2028年交付首架新型母航天飞机 [19] - 公司表示,与波音的法律纠纷不会影响母航天飞机项目的进展 [73] 管理层对经营环境和未来前景的评论 - 公司预计首批2艘Delta飞船投入商业运营后,可实现正的经营现金流,为进一步扩张奠定基础 [32][33] - 公司表示,在2026年开始商业运营后,将优先在新墨西哥州扩大运营规模,然后逐步在全球其他优质位置增加航天港 [37][38] - 公司认为,随着航天旅行业务的发展成熟,销售渠道将以直销为主,但也会继续尝试与Virtuoso等合作伙伴的分销模式 [76][77] 问答环节重要的提问和回答 问题1 **Gregory Konrad 提问** 询问公司首批2艘Delta飞船投入商业运营后的收入预测中,是否已考虑了较低价格的现有订单客户 [43] **Doug Ahrens 回答** 公司目前有600多名较低价格的订单客户,但预计在首批2艘Delta飞船每年可执行125次航天飞行的情况下,可以在12个月内基本消化掉这些订单,之后将以600,000美元的较高价格为主 [44][45] 问题2 **Myles Walton 提问** 询问公司是否会在Spaceport America进行相应的设施升级,以应对未来每年1000名宇航员的规模 [60] **Michael Colglazier 回答** 公司计划在Spaceport America增加一个专门用于母航天飞机和配对飞船的机库,同时还会增加专门的培训设施,以满足未来业务规模的需求 [61][62][63][64] 问题3 **Michael Leshock 提问** 询问公司与波音的法律纠纷是否会影响母航天飞机项目的进展 [72] **Michael Colglazier 回答** 公司表示,与波音的法律纠纷不会对母航天飞机项目产生重大影响,公司的立场已在反诉状中详细阐述,并将继续推进母航天飞机的开发计划 [73][74]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38202 Virgin Galactic Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 85-3608069 (State or other jur ...

Exhibit 99.1 Virgin Galactic Announces First Quarter 2024 Financial Results and Provides Business Update • '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 ORANGE COUNTY, CALIFORNIA – May 7, 2024 – 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 pro ...