Virgin Galactic Stock Goes Up Again (After Going Way Down)

Sir Richard Branson and New Mexico Gov. Bill Richardson in front of WhiteKnightTwo and SpaceShipTwo during the Spaceport America runway dedication ceremony in October 2010. The spaceport still awaits its first suborbital flight. (Credit: Douglas Messier)

by Douglas Messier
Managing Editor

Virgin Galactic’s wild roller coaster ride on Wall Street continued over the past week as Richard Branson’s spaceline marked five months as a publicly traded company and 13 months since the last launch of its SpaceShipTwo suborbital tourism vehicle.

Since debuting on the New York Stock Exchange at $12 last Oct. 28, the stock soared to a high of $42.49 on Feb. 20 before sinking to $10.49 on March 19. Over the past week, the stock has risen again; it reached $14.68 in after-hours trading on Monday.

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Blast From the Past: Suborbital Human Spaceflights by March 2009

March 2007

Virgin Galactic Founder predicts SpaceShipTwo would be ready to fly in 12 months. A year after that — March 2009 — the vehicle would begin commercial suborbital space flights.

The reality is that in 2007 they didn’t have an engine capable of firing for the one minute needed to send SpaceShipTwo above 50 miles. They weren’t even close to having one. It would take another 7.5 years to develop one they would even risk firing for more than 20 seconds in flight.

SpaceShipTwo VSS Enterprise was destroyed on Oct. 31, 2014 during the flight during which they were supposed to test that engine. That accident set the program back by another five years.

Virgin Galactic Starts Taking Flight Deposits Again

WhiteKnightTwo and SpaceShipTwo fly right overhead. (Credit: Kenneth Brown)

Editor’s Note: They kind of buried the lede here. Read down to paragraph 4 of 7. Virgin also closed ticket sales after VSS Enterprise crashed in October 2014, at which time it had more 700 firm reservations. But, notice the legalistic clarification: formally closed.

MOJAVE, Calif. (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, announced today that in preparation for the re-opening of spaceflight sales, it is introducing the One Small Step initiative. The company formally closed its doors to new ticket sales after its history-making first space flight in December 2018.

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Blue Origin New Shepard Fact Sheet

Blue Origin’s New Shepard reusable, suborbital rocket. (Credits: Blue Origin)

Jeff Bezos’ Blue Origin released a fact sheet about its programs when it opened its new Huntsville manufacturing facility on Monday. Below is an excerpt on the New Shepard suborbital program.

BLUE ORIGIN FACT SHEET

New Shepard

Named after Mercury astronaut Alan Shepard, the first American to go to space, New Shepard is Blue Origin’s fully reusable suborbital launch vehicle designed to take astronauts and research payloads past the Kármán line (100km), the internationally recognized boundary of space, then return them safely to Earth.

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Video: CNBC Experts Talk Virgin Galactic, Space Stocks

Video Caption: Andrew Chanin, the CEO of ProcureAM, talks his firm’s Procure Space ETF (UFO) as its top holding skyrockets. With CNBC’s Bob Pisani, ETF Trends’ Tom Lydon and Astoria Portfolio Advisors’ John Davi.

Virgin Galactic’s rally began two months ago but trading in the speculative space company has recently accelerated in a way that tops even the momentum behind Tesla.

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Video: Jim Cramer Breaks Down Virgin Galactic’s Soaring Stock

Video Caption: Investors owning surging speculative stocks should take some off the table and protect profits, “Mad Money” host Jim Cramer says.

Virgin Galactic shares swung back-and-forth in heavy trading Thursday, with the stock giving dropping midday after climbing earlier.

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Video: Virgin Galactic Shares Soar

Video Caption: CNBC’s space reporter Michael Sheetz and FinTech reporter Kate Rooney break down why Virgin Galactic’s stock has taken off with the “Power Lunch” team.

Virgin Galactic’s rally began two months ago but trading in the speculative space company has recently accelerated in a way that tops even the momentum behind Tesla.

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Space Adventures, SpaceX Announce Agreement to Launch Private Citizens on Crew Dragon

An instrumented mannequin sit in the Crew Dragon spacecraft for the Demo-1 mission. (Credit: SpaceX)

VIENNA, Va., February 18, 2020 (Space Adventures PR) — Building on the success of Crew Dragon’s first demonstration mission to the International Space Station in March 2019 and the recent successful test of the spacecraft’s launch escape system, Space Adventures, Inc. has entered into an agreement with SpaceX to fly private citizens on the first Crew Dragon free-flyer mission. This will provide up to four individuals with the opportunity to break the world altitude record for private citizen spaceflight and see planet Earth the way no one has since the Gemini program.

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Spaceport America Welcomes SpaceShipTwo Unity to New Mexico

TRUTH OR CONSEQUENCES, NM (NMSA PR) — Virgin Galactic Holdings, Inc., a vertically integrated aerospace company, has successfully completed another vital step on its path to commercial service, relocating SpaceShipTwo, VSS Unity, to its commercial headquarters at Spaceport America’s Gateway to Space building.

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SpaceShipTwo Unity Moved to New Mexico

SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

TRUTH OR CONSEQUENCES, NM, February 13, 2020 (Virgin Galactic PR) – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, has successfully completed another vital step on its path to commercial service, relocating SpaceShipTwo, VSS Unity, to its commercial headquarters at Spaceport America’s Gateway to Space building.

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Virgin Galactic Begins End Game as SpaceShipTwo Unity Relocated to New Mexico

SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

by Douglas Messier
Managing Editor

Four years after it was first rolled out, Virgin Galactic’s VSS Unity left the Mojave Air and Space Port in California on Thursday for its new home at in New Mexico, where it will undergo final flight testing and preparation for commercial suborbital space flights.

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2020: Four Spaceships & the End of America’s Cosmic Groundhog Day

Blue Origin’s New Shepard reusable, suborbital rocket. (Credits: Blue Origin)

by Douglas Messier
Managing Editor

The clock struck midnight on Jan. 1 amid raucous celebrations around the world. The arrival of a new year and decade merely confirmed what had been clear for months: 2019 was not the breakthrough year for getting humans off the planet.

Neither Richard Branson’s Virgin Galactic and Jeff Bezos’ Blue Origin followed through on long-standing promises to fly paying passengers on suborbital joyrides. An era of commercial space tourism that seemed so close that October day in 2004 when Brian Binnie guided SpaceShipOne to a landing at the Mojave Air and Space Port quietly slipped into yet another year.

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Watch Virgin Galactic’s WhiteKnightTwo Land at Mojave

WhiteKnightTwo VMS Eve returned to Mojave on Friday after a months-long stay at Spaceport America in New Mexico. The pilots did about a half dozen flights over the runway, some just above it and others touch-and-goes. This was the final approach and landing.

Virgin Galactic hasn’t made any announcement about its return. (Odd, because they tend to announce everything.) Officials have said in the past that WhiteKnightTwo would return to Mojave to bring SpaceShipTwo VSS Unity to New Mexico to complete its flight tests and then begin commercial flights.