BUZZ-Virgin Galactic's stock goes ballistic, up 76%

Reuters

May 17, 2025

** Shares of Virgin Galactic Holdings SPCE.N surge 76%, after the space company said late on Thursday it was keeping pace with plans to relaunch commercial spaceflights by the summer of 2026

** SPCE on track for largest single-day pct gain since its 2019 stock listing via a blank-check company

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

** Ten analysts covering SPCE, rate it "hold", with a median PT of $4.50, which is 24% below its current price of $5.95

** With Friday's gain, the stock is up 1% YTD, vs Nasdaq's .IXIC 0.1% drop

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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