Will a 1-for-20 Reverse Split Save Virgin Galactic (SPCE) Stock?

Group 1 - Virgin Galactic is executing a 1-for-20 reverse stock split to comply with NYSE's minimum bid requirement, as its stock closed at 68.49 cents and had not been above $1 since May 21 [1][2] - The reverse split will reduce the number of shares outstanding by 95%, leading to an approximate 20-fold increase in share price, while the overall value of each investor's holdings will remain roughly the same [5] - The company expects to have two Delta ships operational by 2026, conducting about 750 space flights annually and generating approximately $450 million in revenue [3] Group 2 - SPCE stock has decreased by 54% over the last three months and 72% in 2024, despite a 410% increase in revenue last quarter, totaling $1.99 million [6] - The firm had $867 million in cash at the end of the first quarter, which positions it well for future operations [6] - Operating expenditures for the firm were $410 million over the 12 months ending in March, and if revenue targets are met while keeping spending flat, positive operating income is expected in 2026, potentially boosting SPCE stock [9]