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 ...

Virgin Galactic (NYSE:SPCE) stock is sliding lower on Thursday after the space exploration company announced plans for a reverse stock split. According to Virgin Galactic, this reverse stock split is set to take place after markets close on Friday. The company says that this will see shares start trading on a split-adjusted basis when markets open on Monday. The Virgin Galactic reverse stock split will have the company consolidate every 20 shares of SPCE stock into a single share. Virgin Galactic will maint ...

About Oliver Haill About the publisher About this content Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, ...

*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024. Virgin Galactic (SPCE 22.58%) stock was up as much as 34% on Tuesday in anticipation of a flight we've known was coming for weeks. Sometimes, the market can react to the strangest news items, but as Travis Hoium highlights in this video, there are long-term factors to watch. Sometimes, stocks pop for the strangest reasons. ...

Trying to strike a balance between growth and stability is tough. On the one hand, you could stack too much cash into speculative stocks with near-term promises that fizzle into nothing when the rubber meets the road, such as Virgin Galactic (NYSE:SPCE). On the other hand, go for too stable a selection, and you end up collecting a measly income from dividends with limited capital appreciation upside, like if you invest most of your excess cash into something such as Realty Income (NYSE:O). But there's a way ...