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

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 ...