What's Going On With Virgin Galactic Stock Monday?

Zinger Key Points
  • Virgin Galactic announces the successful completion of its "Galactic 07" flight carrying one researcher and three private astronauts.
  • Virgin Galactic's fourth-generation spaceship is expected to enter commercial service in 2026.

Virgin Galactic Holdings Inc SPCE shares are trading higher Monday after the company announced the completion of its second spaceflight of 2024 and 12th mission to date.

What Happened: Virgin Galactic has announced the successful completion of its “Galactic 07” flight carrying one researcher and three private astronauts. The researcher collected physiological data related to human spaceflight and examined the ability to administer accurate insulin doses in microgravity.

The flight marks Virgin Galactic’s seventh spaceflight carrying microgravity and space-based research.

“Watching our pioneering spaceship Unity return from space on its final commercial flight was a breathtaking and proud moment as we celebrate the ship’s unprecedented achievements in human spaceflight and build momentum for the rollout of our first Delta Class ships in 2026,” said Michael Colglazier, CEO of Virgin Galactic.

Virgin Galactic announced that it is producing its fourth-generation spaceship called the Delta Class. It’s expected to enter commercial service in 2026.

See Also: What’s Going On With Southwest Airlines Stock On Monday?

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.

SPCE Price Action: Virgin Galactic shares were up 2.85% at 87 cents at the time of publication, according to Benzinga Pro.

Photo: courtesy of Virgin Galactic.

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