Virgin Galactic shares rise as it stays on track to resume commercial spaceflights

Virgin Galactic Holdings

15/05/2025 22:41

** Shares of space company Virgin Galactic SPCE.N jumped as much as 24% to $4.15 after the bell

** Company said it was keeping pace with plans to relaunch commercial spaceflights by the summer of 2026

** SPCE has planned a commercial spaceflight carrying research payload in the summer of 2026, followed by private astronaut spaceflights in the fall of the same year

 ** Company paused commercial spaceflights in mid-2024 to focus on the production of the new Delta Class SpaceShip

** SPCE reported first-quarter revenue of $461,000 on Thursday, above estimates of $400,000, according to data compiled by LSEG

** As of last close, SPCE was down about 43%

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))