Virgin Galactic Holdings, Inc. (SPCE) Announces Start of Commercial Spaceflight Service, Sparking Surge in After-Market Trading

Thursday’s after-market trading session witnessed an impressive surge in the stock price of Virgin Galactic Holdings, Inc. (SPCE). The price soared to $5.84, marking a remarkable change percentage of 43.84%.

The surge was primarily driven by the company’s announcement of the start of commercial spaceline operations, generating excitement among investors and space enthusiasts alike.

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Virgin Galactic Initiates Commercial Spaceflights

Virgin Galactic Holdings, Inc. revealed its plans to commence commercial spaceflights with the inaugural mission named ‘Galactic 01.’ Scheduled to take place between June 27 and June 30, 2023,

‘Galactic 01’ will carry three crew members from the Italian Air Force and the National Research Council of Italy. The mission aims to conduct scientific research in microgravity. Following this, ‘Galactic 02’ is set to take place in early August 2023, with subsequent monthly spaceflights planned.

Positive Momentum from Recent Successful Mission

Virgin Galactic’s announcement comes on the heels of its successful Unity 25 mission, where mission specialists Jamila Gilbert, Christopher Huie, and Luke Mays became the newest Virgin Galactic Astronauts. This mission allowed for a comprehensive evaluation of the end-to-end astronaut training and spaceflight experience.

Financial Performance and Stock Analysis

Virgin Galactic reported its financial results for the first quarter of 2023, revealing a cash position of $874 million as of March 31, 2023.

The company reported a net loss of $159 million, primarily driven by investments in the development of the future fleet and enhancements for the current fleet. Virgin Galactic’s stock performance has shown volatility, with a year high of $8.55 and a year low of $2.98.

The 50-day moving average price stands at $3.8, while the 200-day moving average price is $4.64. The stock is listed on the New York Stock Exchange (NYSE), and its trading volume has reached 13.04 million shares, surpassing the average volume of 9.99 million shares.

Analyzing Stock Performance

SPCE stock has experienced fluctuations in recent periods. Over the past one day, the stock has seen a price change of -7.73%. Looking at longer-term trends, the stock has demonstrated a price change of -1.93% over the past five days, 1.5% over the past month, and -12.31% over the past three months. However, it has recorded a positive year-to-date price change of 16.33%. Over the span of one year, three years, five years, and ten years, the stock has shown price changes of -32.89%, -73.5%, -59.56%, and -59.8% respectively.


Virgin Galactic Holdings, Inc. has generated significant excitement among investors with its announcement of the start of commercial spaceflight operations. The upcoming ‘Galactic 01’ mission and successful Unity 25 mission have further fueled positive sentiment.

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