Virgin Galactic's stock goes ballistic, up 76%
ReutersMay 16, 2025 6:36 PM
Shares of Virgin Galactic Holdings SPCE.N surge 76%, after the space company said late on Thursday it was keeping pace with plans to relaunch commercial spaceflights by the summer of 2026
SPCE on track for largest single-day pct gain since its 2019 stock listing via a blank-check company
SPCE has planned a commercial spaceflight carrying research payload in mid-2026, followed by private astronaut spaceflights in the fall of the same year
Ten analysts covering SPCE, rate it "hold", with a median PT of $4.50, which is 24% below its current price of $5.95
With Friday's gain, the stock is up 1% YTD, vs Nasdaq's .IXIC 0.1% drop
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