A reverse stock split didn't help Virgin Galactic this week. A reverse stock split can't save Virgin Galactic That wasn't the case, despite no real news from Virgin Galactic itself. The company is in a pretty quiet period while it's building the Delta class spacecraft and completing both ground and flight testing. But commercial operations aren't expected to start until at least mid-2026, so the company needs to lower its cash burn dramatically and save as much cost as possible. Any turnaround is a long way ...

Risk is still high, but the reward for investors could be even higher. *Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024. Virgin Galactic (SPCE -13.42%) stock has fallen so far that it has more cash on the balance sheet than the value of the entire company. If the company can get to a commercial launch in two years, the upside for investors is tremendous, which Travis Hoium covers in this video. ...

Things are not looking great for Virgin Galactic (SPCE -14.19%). Handing out shares like monopoly money Last night, the company announced (as required by NYSE Listing Rule 303A.08) that it awarded 1,741 Virgin Galactic "restricted stock units" (RSUs) to an unnamed "new non-executive employee." These free shares don't entirely vest for four years, incentivizing the employee not to quit before then. Since confirming its decision to run a 1-for-20 reverse share split last week (shrinking its share count by 20x ...

Well, it seems I was too optimistic. Virgin Galactic is no longer a penny stock -- for now. Instead, Virgin Galactic's share price has plunged, and as of 11:50 a.m. ET Monday is down 17.2% at $11.34. This was probably unavoidable. As I explained last week, and also two months prior, Virgin Galactic is a company in decline. Its sole operational spaceplane, Unity, has been retired, and the company can't fly space tourists, or make revenue from space tourism flights, until it builds a new Delta spaceplane curr ...

Virgin Galactic (NYSE:SPCE) stock is in the spotlight today as the company's 1-for-20 reverse split goes into effect. The firm, which specializes in carrying out commercial space flights, is executing the split in order to comply with the New York Stock Exchange's minimum bid requirement. The NYSE may delist stocks that close at less than $1 for 30 consecutive trading days. SPCE stock closed at 68.49 cents on Friday and had not closed above $1 since May 21. Moreover, the firm indicated that in 2026, it expe ...

It's official now. Virgin Galactic (SPCE -6.23%) is out of the space tourism business -- at least for a while. Competitors in the wings Up until last week, he seemed likely to do it in space tourism, too. Elon Musk will be able to offer space tourism flights for a fraction of Virgin Galactic's cost -- but not just yet. As a result, for the next two straight years, not a single Virgin spaceplane will get anywhere near space. A second competitor, however, may not be so fortunate. Introducing Starship: SpaceX' ...

Virgin Galactic has proven its space tourism model. Now, it is laser focused on building a profitable business. It's pretty hard to argue Virgin Galactic (SPCE -6.23%) is anything but a story stock right now. And you either believe that story or you don't. But there are some pretty compelling elements in the narrative, as well as some really big problems. Are you a glass-half-full investor or a glass-half-empty investor? Here's what you need to think about as you make the buy, sell, or hold decision on Virg ...

It'll be two years before Virgin Galactic can prove its strategy right. *Stock prices used were end-of-day prices of June 10, 2024. The video was published on June 11, 2024. Virgin Galactic (SPCE -6.23%) recently made its final flight before a two-year break, after which it will launch its Delta-class spacecraft. In this video, Travis Hoium shows what investors need to watch and when we may see the company emerge from relative silence. ...

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC's Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights. Sign up to receive future editions. VSS Unity was a good suborbital spaceship. But Virgin Galactic needs a great suborbital spaceship. As Unity heads into retirement after last weekend's launch, it's worth looking ...

It's June 13 today, and Virgin Galactic has gone ahead with its plan. Last night after close of trading, management confirmed it will reverse split its stock 1-for-20. As of 12:15 p.m. ET today, Virgin Galactic stock is down 13.7%. On the plus side, each of those 50 shares will be worth more. Virgin shares currently cost $0.74 apiece. The price Monday morning should be closer to $14.80. Virgin Galactic investors just got some bad news. They should expect more. The opposite of an ordinary stock split (where ...