Richard Branson-backed firm's dream of flying people to the stratosphere in balloons is deflating as staff are furloughed [Fortune]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Fortune
The company, which hopes to fly people to the stratosphere in a balloon-like spaceship, still has $90,000 in outstanding rent from late last year, according to a complaint by the city's airport authority, Bloomberg reported In early December, Space Perspective was slapped with a notice to make the payment it owed or risk losing its leases and being evicted by the Titusville-Cocoa Airport Authority. The cash-strapped Space Perspective temporarily let go of most of its 140-person team in response to the financial pressure, telling the outlet that it was preparing for a round of funding. Space Perspective's Spaceship Neptune test capsule following a test flight in September 2024. Ricardo Ramirez Buxeda—Orlando Sentinel/Tribune News Service/Getty Images Repres
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SPCE
News
- Virgin Galactic Holdings, Inc. (NYSE: SPCE) had its price target lowered by analysts at Susquehanna from $4.00 to $3.25. They now have a "neutral" rating on the stock.MarketBeat
- Virgin Galactic Holdings, Inc. (NYSE: SPCE) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $41.00 to $36.00. They now have a "neutral" rating on the stock.MarketBeat
- Katy Perry And Gayle King Heading Into Space On Bezos’ Blue Origin [Forbes]Forbes
- Virgin Galactic Holdings, Inc. 2024 Q4 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Virgin Galactic Announces Fourth Quarter and Full Year 2024 Financial Results and Provides Business UpdateBusiness Wire
SPCE
Earnings
- 2/26/25 - Beat
SPCE
Sec Filings
- 2/26/25 - Form POS
- 2/26/25 - Form 424B5
- 2/26/25 - Form 10-K
- SPCE's page on the SEC website