Virgin Galactic shares rise as it stays on track to resume commercial spaceflights
ReutersMay 15, 2025 9:41 PM
Shares of space company Virgin Galactic SPCE.N jumped as much as 24% to $4.15 after the bell
Company said it was keeping pace with plans to relaunch commercial spaceflights by the summer of 2026
SPCE has planned a commercial spaceflight carrying research payload in the summer of 2026, followed by private astronaut spaceflights in the fall of the same year
Company paused commercial spaceflights in mid-2024 to focus on the production of the new Delta Class SpaceShip
SPCE reported first-quarter revenue of $461,000 on Thursday, above estimates of $400,000, according to data compiled by LSEG
As of last close, SPCE was down about 43%
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