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

Reuters

2025/05/16

** 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;))

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05:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Virgin Galactic shares rise as it stays on track to resume commercial spaceflights</title></head><body><p>** Shares of space company Virgin Galactic <span>SPCE.N</span> jumped as much as 24% to $4.15 after the bell</p><p>** Company said it was keeping pace with plans to relaunch commercial spaceflights by the summer of 2026</p><p><span>** 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</span></p><p><span> ** Company paused commercial spaceflights in mid-2024 to focus on the production of the new Delta Class SpaceShip</span></p><p>** <span>SPCE</span> <span>reported first-quarter</span> revenue of <span>$461,000</span> <span>on Thursday</span>, above estimates of $400,000, according to data compiled by LSEG</p><p>** As of last close, SPCE was down <span>about 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