Virgin Galactic Holdings Inc (SPCE)

Virgin Galactic Holdings Inc Stock (SPCE) dropped by 17.52% from $2.34 to $1.93 in the trading on Monday December 04, 2023. The reason why SPCE stock down today is due to the news that founder Richard Branson blasts off from further investment. Virgin Galactic (SPCE) stock tumbled after billionaire founder Richard Branson declared he's finito with funding his space tourism company. Citing pandemic-pinched finances, Branson believes Virgin Galactic's $1 billion should suffice, despite recent commercial flights and the upcoming Delta spaceship. Investors, however, fear a bumpy re-entry, sending SPCE plummeting even as the broader market soared.

Virgin Galactic Holdings Stock (SPCE) dropped by 8.65% from $1.85 to $1.69 in the trading on Monday November 6, 2023. The reason why SPCE stock down today is due to the concerns about the upcoming quarterly results. The company is scheduled to report its Q3 earnings on Wednesday, November 8, and the news seem to not be great. Management has told investors to expect only about $1 million in revenue for each of Q3 and Q4, a lowball number that probably explains Wall Street's conservative estimate.

Virgin Galactic Holdings (SPCE) dropped by 6.29% from $1.75 to $1.64 in the trading on Friday October 20, 2023. The reasons why SPCE stock down today include

• Price-target cut: Truist cut its price target on Virgin Galactic from $3 to just $1 a share. Truist believed that aerospace stocks are being stressed and that airplane production this year is looking about 7% weaker than predicted.
• Galactic 05 space tourism flight: When originally announced, Virgin Galactic's VSS Unity spaceplane was described as being able to carry six paying passengers to orbit. However, the fact that it has so far been carrying only three paying passengers was a disappointment, meaning that Virgin was getting only half the revenue it was supposed to.

Virgin Galactic Holdings (SPCE) dropped by 6.21% from $1.77 to $1.66 in the trading on Tuesday October 3, 2023. The reason why SPCE stock down is due to concerns about free-cash-flow positive. The company has $980 million in cash and expects to burn $120 million each quarter for the rest of this year and even then won't be close to free-cash-flow positive. That will take the construction of Delta Class spacecraft that isn't due to be operational until at least 2026.

Virgin Galactic (SPCE) fell 8.3% as it ventures into space tourism, banking on a new spacecraft for profits. Despite Q2 revenue rise to $1.9M, developing the next-gen rocket strains finances, with Q2's $135M negative cash flow and an expected $260M in H2 2023. A 50% stock drop underscores worries over losses and capital.

https://www.fool.com/investing/2023/08/14/virgin-galactic-is-ringing-the-warning-bells-and-i/

Virgin Galactic (SPCE) shares dropped 8.27% on Friday. The company finnally launched a revenue-generating commercial space tourism flight, and brought all three of its passengers back home safe and sound. Despite the good news, the problem for the investors is that the company is spending closer to $40 million per month on its operating costs, though there is only $1.5 million potential monthely revenue. There's no mathematical way this company can make a profit for the foreseeable future.

https://www.fool.com/investing/2023/06/30/why-virgin-galactic-stock-keeps-falling/