Virgin Galactic Holdings

SPCE

Virgin Galactic is an American British spaceflight company within the Virgin Group. It is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists and suborbital launches for space science missions. SpaceShipTwo, Virgin Galactic's suborbital spacecraft, is air launched from beneath a carrier airplane known as White Knight Two. Virgin Galactic's founder, Richard Branson, had initially suggested that he hoped to see a maiden flight by the end of 2009, but this date was delayed for several years, most seriously by the October 2014 in-flight loss of SpaceShipTwo VSS Enterprise. Branson stated that Virgin Galactic was “in the best position in the world” to provide rocket-powered, point-to-point 3000 mph air travel on Earth. Finally, on 13 December 2018, VSS Unity achieved the project's first suborbital space flight, VSS Unity VP-03, with two pilots, reaching an altitude of 82.7 kilometres (51.4 mi), and officially entering outer space by US standards. The project carried three people including a passenger in February 2019 on VSS Unity VF-01, with a member of the team floating within the cabin during a spaceflight that reached 89.9 kilometres (55.9 mi).

Virgin Galactic Holdings has been a target of short sellers for a while. The current short interest of 23.80% is slightly above the average of the last 12 months (14.50%).