Why Virgin Galactic (SPCE) Shares Are Moving

Zinger Key Points
  • Virgin Galactic shares are trading higher by 12.8% during Monday's session.
  • The company announced the opening of a new system integration facility in Southern California.

Virgin Galactic Holdings Inc SPCE shares are trading higher by 12.8% to $1.07 during Monday’s session after the company announced the opening of a new system integration facility in Southern California for its Delta Class spaceships. Traders and investors are also watching for the company’s first-quarter earnings report, confirmed for Tuesday’s after-hours session.

The company says this facility, equipped with an “Iron Bird” testing platform, will test and verify various subsystems of the Delta spaceships, such as avionics and hydraulics. The investment aims to streamline production and ensure safe operations.

The company aims to transition from prototype to production model, accelerating development compared to previous projects like VSS Unity. Ground testing methods like the Iron Bird complement structural testing to optimize the flight test program.

The production timeline targets commercial service by 2026, with final assembly in Phoenix, Arizona. The Delta Class spaceships are designed to significantly increase capacity compared to the original VSS Unity, aiming for eight space missions per month.

See Also: Why Veteran Wall Street Investor Believes We’re Still In A Bull Market

How To Buy SPCE Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Virgin Galactic’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, SPCE has a 52-week high of $6.17 and a 52-week low of $0.70.

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