Space stocks are sliding Friday, led by Virgin Galactic Holdings Inc., which is down 5.4%.The space tourism company is on pace to extend its losing streak to two days and register its biggest single-day percentage decline since Tuesday, when it fell 7.6%. Virgin Galactic SPCE, -4.13% is currently down 5 of the last six days.Shares of Intuitive Machines Inc. LUNR, -1.56%, which is preparing for the launch of its first commercial lunar lander, are down 2%. The stock is also on pace to extend its losing streak ...

Virgin Galactic (SPCE) ended the recent trading session at $1.96, demonstrating a +0.51% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.56% for the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.59%.The the stock of company has fallen by 26.14% in the past month, lagging the Aerospace sector's loss of 3.59% and the S&P 500's gain of 1.2%.Analysts and investors alike will be keeping a close eye on the performance of Virg ...

It was a rough year for Virgin Galactic (SPCE -2.77%) on the stock market. According to data from S&P Global Market Intelligence, shares have fallen 37.6% since the start of 2023, even though growth stocks had a solid year.Now that the calendar has turned to 2024, there's more certainty about the future, but investors still seem skeptical about the company's future. Here's what we know right now.Virgin Galactic's new planComing into 2023, Virgin Galactic planned to fly about once a month and slowly move for ...

Shares of commercial spaceflight expert Virgin Galactic (NYSE:SPCE) are moving up noticeably on Wednesday. Despite a broader pessimistic view on the company, Truist Securities just broke rank and upgraded its assessment. This surprising pivot could prove prescient, however, especially given the risk bearish traders face if SPCE stock squeezes higher.According to Seeking Alpha, Truist analyst Michael Ciarmoli believes that Virgin Galactic’s “operational prospects” remain unchanged. However, management made a ...

Virgin Galactic Holdings Inc. shares rose 4% in premarket trade Wednesday after Truist Securities upgraded the stock to hold from sell and raised its price target to $3 from $1. “Our view on the company’s operational prospects is unchanged,” Truist Securities analyst Michael Ciarmoli wrote in a note released Wednesday. “The company’s decision to halt commercial operations mid-2024 to focus on deploying capital towards the development of the Delta fleet is prudent in our view but removes the likelihood of an ...

Space tourism pioneer Virgin Galactic has had to make some tough choices lately. The choices resulted in a vote of confidence on Wednesday—sort of. ...

Virgin Galactic (SPCE -2.53%) achieved something truly out of this world in 2023 -- it began operating a space tourism business. For the science fiction aficionados out there, this is the stuff of dreams (unless you are rich enough to actually buy a ticket on one of the company's flights). But there's still one very big problem here, and it shows up clearly when you start to look at the company's financial statements.Virgin Galactic rockets produce more losses than thrustIn the third quarter of 2023, Virgin ...

Virgin Galactic (SPCE -5.93%) has big plans for the next three years that could, quite literally, make or break the company. The key date is January 2026, less than three years away, but that's much further away than it may seem. In fact, the company is so worried about reaching its goal that it recently pulled back on its current space flight schedule. Here's what you need to know about the next three years at Virgin Galactic.Virgin Galactic's backstoryVirgin Galactic's goal is to create a space travel bus ...

Shares of Virgin Galactic (SPCE 5.26%) are down 30% year to date, but not for a lack of progress from its underlying business. The tourism company completed its sixth successful human spaceflight in as many months in November and scheduled its next flight for late January 2024.It also recently announced a "strategic realignment" to focus on scaling up its next-generation spaceship fleet over the next three years.Is Branson's shrinking war chest reason to worry?The bigger question on investors' minds, howeve ...

Shares of Virgin Galactic Holdings Inc. SPCE, -10.61% climbed 3.8% in premarket trades Thursday, continuing their rollercoaster ride. The stock ended Wednesday’s session down 10.6%, registering its largest single-day percentage decline since Dec. 4, when it fell 17.5%. The stock ended Monday’s session up 6.9%. Earlier this week the space tourism company announced that the flight window for its Galactic 06 mission will open on Jan. 26, 2024. The flight will carry four private astronauts into space on the co ...