Virgin Galactic HoldingsNYSE: SPCE

ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 42,018 shares of Virgin Galactic common stock to three new non-executive employees, each effective September 15, 2024. The awards were granted under Virgin Galactic's 2023 Employment Inducement Incentive Award Plan.

Virgin Galactic got into the space business promising trips for $250,000 a pop. In the second quarter, space tourists on the Unity spaceplane shelled out closer to $900,000 each, helping the company deliver a revenue beat.

The consensus price target hints at a 420.7% upside potential for Virgin Galactic (SPCE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Virgin Galactic (SPCE) came out with a quarterly loss of $4.36 per share versus the Zacks Consensus Estimate of a loss of $5.40. This compares to loss of $9.20 per share a year ago.

Virgin Galactic Holdings Inc.'s quarterly revenue doubled and losses narrowed as it raked in more membership fees from future space tourists and earned money from commercial flights.

ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced that it will report its financial results for the second quarter 2024 following the close of the U.S. markets on Wednesday, August 7, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Investor R.

24/7 Insights By one measure, Wall Street expectations for where Virgin Galactic Holdings Inc.

A single trip would last about 6 hours and ticket prices range from $50,000 to around $184,000 per seat.

Shares started the week trading after a 1-for-20 stock split. Investors weren't willing to wait for the upside of a company still two years from commercial operations.