On June 1, SpaceX's highest-profile space tourism mission was abruptly canceled. On June 8, Virgin Galactic flew what may be its final space tourism flight.
Virgin Galactic has flown the last flight with its Unity spacecraft. The company is burning through cash as it looks to build the Delta generation of spacecraft.
It'll be two years before Virgin Galactic can prove its strategy right.
VSS Unity was a good suborbital spaceship. But Virgin Galactic needs a great suborbital spaceship.
Two months ago, Virgin Galactic warned shareholders it might reverse split its shares. Last night, the company did just that, announcing a 1-for-20 reverse share split.
Virgin Galactic (NYSE: SPCE ) stock is sliding lower on Thursday after the space exploration company announced plans for a reverse stock split. According to Virgin Galactic, this reverse stock split is set to take place after markets close on Friday.
Virgin Galactic Holdings, the space tourism company founded by Richard Branson, said Thursday that its board of directors has sanctioned a 1-for-20 reverse stock split of the company's common stock. This reverse stock split is set to take effect at 5 p.m.
Virgin Galactic Holdings Inc (NYSE:SPCE) shares are set to tumble 9.4% on Thursday after the space tourism company confirmed plans for a reverse stock split, after it was warned by NYSE that its share price is too low. The company said in an afterhours announcement on Wednesday that directors had approved a 1-for-20 reverse stock split, after shareholders approved a share consolidation move at the annual meeting yesterday.
Shares of Virgin Galactic Holdings Inc. plunged 13.1% in extended trading Wednesday after the space tourism company announced a reverse stock split.
Virgin Galactic announced a 1-for-20 reverse stock split of the company's common stock on Wednesday, sending its shares down 12% in extended trading.
The allure of space travel has captivated humanity for centuries, and Virgin Galactic (NYSE: SPCE) is leading the charge in making that dream a reality.
Shares of Virgin Galactic Holdings Inc. were climbing 14% on Tuesday afternoon — putting the stock on pace for its biggest daily percentage gain since May 28, when it rose 22.6%.