Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Virgin Galactic's Got a New Spaceship

Stock MarketsMar 30, 2021 12:49PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters

By Christiana Sciaudone -- Virgin Galactic revealed its latest spaceship, the VSS Imagine, the same day that Cathie Wood's space exploration ETF started trading, pushing shares up more than 3%.

Virgin Galactic Holdings Inc (NYSE:SPCE) makes up less than 2% of the famed investor's ETF, which is dominated by Trimble Inc (NASDAQ:TRMB), a tech company, and the The 3D Printing ETF (NYSE:PRNT), which is focused on companies that, naturally, are involved in the 3D printing industry.

Space is the next frontier for billionaires and others who want off planet Earth. Virgin Galactic, brought to us by Sir Richard Branson, makes no money at all, but analysts are still pretty positive with it. The company has four buy ratings, four holds and no sells, according to data compiled by

The news of the new spaceship comes the same day a Starship prototype launched by Elon Musk's SpaceX crash landed in Texas. 

Earlier this month, Truist Securities initiated coverage on Virgin Galactic with a buy rating, saying the company can capture at least 50% of the global space tourism total addressable market by 2030. It expects commercial operations to begin in early 2022, when demand will "significantly exceed supply," StreetInsider reported Truist as saying. 

Virgin Galactic's first SpaceShip III in its growing fleet, VSS Imagine, will start ground testing, with glide flights planned for this summer from Spaceport America in New Mexico.

The company's VSS Unity’s next test flight is planned for May 2021.     


Virgin Galactic's Got a New Spaceship

Related Articles

U.S. Chamber says FTC denied information requests
U.S. Chamber says FTC denied information requests By Reuters - Dec 03, 2021

WASHINGTON (Reuters) - The U.S. Chamber of Commerce said on Friday that the U.S. Federal Trade Commission had denied its requests for information about its procedures. "It is...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email