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Business
Anushka Dutta

Could This Deal With Boeing Give 1 Bargain-Basement Stock the Boost It Needs?

Virgin Galactic Holdings, Inc. (SPCE) develops, manufactures, and operates spaceships and related technologies for conducting commercial human spaceflight and commercial research and development payloads into space. The company offers its products and services to private individuals, researchers, and government agencies.

Last week, SPCE announced its deal with Boeing Co. (BA) subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet. The new motherships are expected to support up to 200 launches a year, and the company intends to scale its operations and embark on more missions through this partnership.

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