Virgin Galactic Holdings, Inc. (SPCE) created history on July 11, 2021, as it successfully launched a fully crewed spaceflight named VSS Unity with founder Richard Branson on board. Shares of SPCE have declined 27.4% in price over the past six months and 38.7% over the past year to close the last trading session at $5.17.
In the third quarter, SPCE’s loss per share was $0.14 higher than expected. On the other hand, its revenue beat the consensus estimate by 811.9%. On January 12, 2023, SPCE announced it was on track to begin commercial spaceline flights from the second quarter of fiscal 2023.
