Virgin Galactic extends rally as retail traders pile in

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01/06/2026 13:58

** Shares of aerospace and space travel company Virgin Galactic SPCE.N surge 32.5% to $8.19 premarket, set to open at its highest in over 22 months, if gains hold 
** SPCE surged 36.4% on Friday, with retail traders buying net $10.79 mln worth of stock in the biggest one-day move since 2022, per Vanda Research data
** Stock is the #1 trending ticker on retail investor forum Stocktwits; also the most trending ticker on Reddit forum r/WallStreetBets, according to Germany-based data group Breakout Point
** Ivan Cosovic, managing director of Breakout Point, says retail investors have rallied around SPCE for many reasons, like some seeing it as a proxy for SpaceX SPCX.O, company specific developments or a potential short squeeze 
** Also, "a sizeable camp of skeptics says this is nonsensical and is just ticker confusion case," Cosovic says, referring to SpaceX's proposed ticker of "SPCX" 
** Space-related stocks have rallied recently after Elon Musk's SpaceX in May unveiled its filing for an initial public offering (IPO)
** As of last close, SPCE has rallied more than 92% YTD 



 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))