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Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or the "Company") today announced that on August 14, 2026, the U.S. District Court for the Easter
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or the "Company") today announced that on August 14, 2026, the U.S. District Court for the Eastern District of New York (the "District Court") issued an order granting final approval of the settlement resolving all claims pending in the shareholder derivative actions captioned In re Virgin Galactic Holdings, Inc. Derivative Litigation, Case No. 1:22-cv-00933 (E.D.N.Y.) and St. Jean v. Branson.
After a historic retreat, are space stocks finally cheap enough to buy again?
Virgin Galactic is upgraded from Sell to Hold, reflecting an improved outlook but persistent high risk and volatility. SPCE's management guides for positive quarterly cash flow by 2027, yet ongoing stock dilution and elevated short interest remain concerns. Space tourism remains a long-term tailwind, with SPCE positioned as a pioneer, but operational delays and uncertainty limit conviction.
Virgin Galactic delays its first commercial Delta flight to February 2027 but keeps its 2027 cash flow target as ticket demand stays strong.
Shares of Intuitive Machines (NASDAQ:LUNR) are surging 10% to $19 and change on Friday morning, and Virgin Galactic (NYSE:SPCE) shares are gaining 10% as it approaches $3.50.
Five space stocks reported this week, and the market handed out one standing ovation, two beatdowns and a couple of “we'll take the good news” verdicts.
Virgin Galactic Holdings Inc. (NYSE:SPCE) shares are trading lower Thursday morning despite delivering second-quarter 2026 financial results that beat analyst expectations.