Virgin Galactic Holdings, Inc. (SPCE) Stock Price & Analysis
Virgin Galactic Holdings, Inc. (SPCE) is trading at USD 2.78, down 3.14% today, as of November 10, 2026 at 16:39 UTC (US market open; quotes may be delayed), according to Nexqual market data.
SPCE last closed at USD 2.87; today's session has ranged USD 2.78–2.9 on volume of 2,081,393 shares. Market capitalization is $421.44M, with a 52-week range of USD 2.13–8.9 (NYQ). Source: Nexqual, retrieved November 10, 2026 at 16:39 UTC.
What changed for SPCE since Aug 31, 2025
The built-in knowledge of several widely used AI models ends around Aug 31, 2025. Everything below is newer, dated and sourced (as of Nov 10, 2026).
- Virgin Galactic Holdings, Inc. (SPCE) stock went from USD 3.11 (close of the week of Aug 25, 2025, split-adjusted) to USD 2.78, a -10.6% price change; the S&P 500 (SPY) moved +17.4% over the same period.
- SPCE revenue over the last four reported quarters (through Jun 30, 2026) was $1.0M, -85.2% vs $7.0M in fiscal year 2024 (ended Dec 31, 2024), the last full year filed before September 2025; net income -$347M → -$248M (SEC 10-K / 10-Q).
Also available as compact Markdown for AI agents: nexqual.com/SPCE.md
Key facts (SPCE)
- Last four reported quarters (through Jun 30, 2026): revenue $1.0M, net income -$248M (-23867.4% margin), free cash flow -$386M (SEC filings).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $50K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.86 on a 1–5 scale) (7 analysts), mean target USD 3.51 (range 2–5).
- Total return with dividends: 1Y -22.6% vs S&P 500 +10.9%; 5Y -99.3% vs S&P 500 +71.1%.
- Next earnings: 2026-11-12, EPS estimate USD -0.47, revenue estimate $333K. All companies reporting that day: https://nexqual.com/earnings/2026-11-12
- Dividend: SPCE paid no cash dividend in the last five years.
- Short interest: 25.82% of float (as of 2026-10-15), 6.5 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SPCE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.3M | $2.3M | $6.8M | $7.0M | $1.5M | $1.0M |
| Gross profit | $3.0M | $406K | -$43.7M | -$83.0M | -$71.2M | — |
| Operating income | -$320M | -$500M | -$532M | -$377M | -$285M | -$257M |
| Net income | -$353M | -$500M | -$502M | -$347M | -$279M | -$248M |
| EPS (diluted) | -$28.60 | -$37.80 | -$29.79 | -$13.89 | -$5.44 | — |
| Free cash flow | -$235M | -$397M | -$493M | -$475M | -$438M | -$386M |
| Gross margin | 91.7% | 17.6% | -643.2% | -1179.5% | -4613.0% | — |
| Operating margin | -9706.4% | -21625.6% | -7816.3% | -5352.9% | -18480.8% | -24804.5% |
| Net margin | -10719.9% | -21632.9% | -7387.3% | -4928.1% | -18063.9% | -23867.4% |
| Revenue growth | +1283.2% | -29.8% | +194.1% | +3.5% | -78.1% | — |
| Cash + short-term investments | $604M | $909M | $874M | $563M | $307M | — |
| Total debt | $310K | $416M | $418M | $420M | $324M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SPCE)
P/S 406.0x · EV/Sales 371.3x · P/B 1.1x · FCF yield -91.70% · Earnings yield -58.79% · Net cash $36.0M · EV $385M
Insider purchases (SEC Form 4, open-market, last ~7 months) (SPCE)
1 purchase, $50K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-19 | Strandberg Diana S. | Director | 20,000 | $50K | 2.49 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SPCE)
Consensus Hold (mean 2.86 on a 1–5 scale), 7 analysts; mean target USD 3.51 (low 2, high 5).
Total return (dividends reinvested) (SPCE)
| 1Y (from 2025-11-10) | 5Y (from 2021-11-08) | |
|---|---|---|
| Total return | -22.6% | -99.3% |
| S&P 500 (SPY) | +10.9% | +71.1% |
| Per year | -22.6% | -62.6% |
| Volatility (annualized) | 111.5% | 84.8% |
| Max drawdown | -68.9% (Jun 2026→Oct 2026) | -99.4% (Nov 2021→Mar 2026) |
Dividends (SPCE)
SPCE paid no cash dividend in the last five years.
Short interest (SPCE)
39,112,280 shares sold short, 25.82% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 33,853,308 shares (+15.5%). Days to cover: 6.5 (short shares ÷ average daily volume).
SPCE earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 12, 2026 | Quarter ended Jun 30, 2026 | −$0.58 | −$0.65 | Beat +10.8% | -4.6% |
| May 14, 2026 | Quarter ended Mar 31, 2026 | −$0.81 | −$0.94 | Beat +13.8% | -2.4% |
| Mar 30, 2026 | Quarter ended Dec 31, 2025 | −$0.93 | −$1.07 | Beat +13.1% | +7.5% |
| Nov 13, 2025 | Quarter ended Sep 30, 2025 | −$1.10 | −$1.48 | Beat +25.7% | +1.4% |
| Aug 6, 2025 | — | — | — | — | -14.3% |
| May 15, 2025 | — | — | — | — | +35.2% |
| Feb 26, 2025 | — | — | — | — | -5.7% |
| Nov 6, 2024 | — | — | — | — | -8.7% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
SPCE recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Nov 10, 2026 | Schedule 13G | STATE STREET CORPORATION, SSGA FUNDS MANAGEMENT, INC.: 4.7% of shares, passive 5%+ holder |
| Oct 27, 2026 | Schedule 13G/A | BlackRock, Inc.: 8.4% of shares, passive 5%+ holder (amended) |
| Aug 18, 2026 | 8-K | Other material event “On August 18, 2026, Virgin Galactic Holdings, Inc. issued a press release announcing that the U.S. District Court for the Eastern District of New York issued an order on August 14, 2026 granting final approval of the settlement of the consolidated derivative lawsuit captioned In re Virgin Galactic Holdings, Inc. Derivative Litigation , Case No. 1:22-cv-00933 (E.D.N.Y.) and the derivative lawsuit captioned St. Jean v. Branson et al. , Case No. 1:22-cv-7551 (E.D.N.Y.). A copy of the press release is attached hereto…” |
| Aug 12, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 12, 2026 | 8-K | Quarterly results |
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION, SSGA FUNDS MANAGEMENT, INC.: 7.9% of shares, passive 5%+ holder |
| Jul 31, 2026 | Schedule 13G | Vanguard Capital Management: 5.1% of shares, passive 5%+ holder |
| Jul 30, 2026 | Schedule 13G | BlackRock, Inc.: 6.1% of shares, passive 5%+ holder |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
SPCE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Virgin Enterprises | “Further, under the terms of an amended and restated trademark license agreement (the "Amended TMLA"), our ability to operationalize some of the technologies may be dependent upon the consent of Virgin Enterprises Limited ("VEL").” |
| Partner | Jefferies | “In November 2024, we entered into an open market sale agreement with Jefferies LLC ("Jefferies") providing for the offer and sale of up to $300 million of shares of our common stock from time to time through Jefferies, acting as sales agent, or directly to Jefferies, acting as principal, through an "at-the-market offering" program (the "2024 ATM Program").” |
Quoted from the company's 10-K filed Mar 30, 2026.
SPCE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.47 | $-0.61 | +$0.14 | $333,330 | 2 |
| Next quarter (ends Dec 2026) | $-0.73 | $-0.61 | −$0.12 | $320,000 | 2 |
| Current fiscal year (ends Dec 2026) | $-2.32 | $-2.59 | +$0.27 | $1.2M | 3 |
| Next fiscal year (ends Dec 2027) | $-0.87 | $-0.48 | −$0.39 | $268.2M | 3 |
SPCE options: expected move
Options price a move of about ±18.0% (±$0.51) by Nov 13, 2026, which includes earnings on Nov 12, 2026. Over the last 8 reports the stock moved ±10% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 13, 2026 | 3 | 222.9% | ±18.0% |
| Nov 20, 2026 | 10 | 117.1% | ±17.0% |
| Nov 27, 2026 | 17 | 63.9% | ±19.4% |
| Dec 4, 2026 | 24 | 57.1% | ±14.0% |
| Dec 11, 2026 | 31 | 203.8% | ±48.1% |
| Dec 18, 2026 | 38 | 89.7% | ±24.2% |
| Dec 24, 2026 | 44 | 134.6% | ±37.3% |
| Jan 15, 2027 | 66 | 86.8% | ±30.4% |
30-day implied volatility 110.7% vs 67.3% realized over the last 30 trading days. Put/call ratio (volume) 0.18. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of November 10, 2026 at 16:39 UTC)
| Price | USD 2.78 |
|---|---|
| Change | ▼ 3.14% (down) |
| Previous Close | USD 2.87 |
| Open | USD 2.82 |
| Day Range | USD 2.78 – 2.9 |
| 52-Week Range | USD 2.13 – 8.9 |
| Volume | 2,081,393 shares |
| Market Cap | $421.44M |
| Exchange | NYQ |
Technical Analysis (SPCE)
Nexqual's technical model rates SPCE "NEUTRAL" based on 3 bullish and 2 bearish signals across 128 daily candles, as of November 10, 2026 at 16:39 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 52.11 (neutral) |
| vs SMA50 | Below (USD 2.83) |
| MACD | -0.03 (negative) |
Analyst Ratings (SPCE)
Wall Street analysts rate SPCE "Hold" based on 7 analysts, with a mean price target of USD 3.51 (range USD 2–5), per Nexqual as of November 10, 2026 at 16:39 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 3.51 |
| High Target | USD 5 |
| Low Target | USD 2 |
| Buy / Hold / Sell | 2 / 4 / 1 |
Earnings (SPCE)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.47 |
| Revenue Estimate | $333,330 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.58 vs est -0.65 ▲ beat |
| 2026-03-31 | USD -0.81 vs est -0.94 ▲ beat |
| 2025-12-31 | USD -0.93 vs est -1.07 ▲ beat |
| 2025-09-30 | USD -1.1 vs est -1.48 ▲ beat |
Source: Nexqual, November 10, 2026 at 16:39 UTC.
Financials & Fundamentals (SPCE)
| Total Revenue | $1.04M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -67.00% |
| Gross Margin | +0.00% |
| Operating Margin | -48452.24% |
| Profit Margin | +0.00% |
| ROE | -75.13% |
| Debt / Equity | 0.67 |
| Current Ratio | 1.62 |
| Total Cash | $255.05M |
| Total Debt | $265.33M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$386.46M (-37231.3% of revenue) |
Source: Nexqual, November 10, 2026 at 16:39 UTC.
Financial Health Score (SPCE)
Nexqual rates Virgin Galactic Holdings, Inc.'s overall financial health "Weak" across five dimensions, as of November 10, 2026 at 16:39 UTC.
| Growth | Critical — Revenue -39% (last 4 quarters to Jun 2026 vs the 4 before, SEC), sharp decline |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Solid — $255M cash and investments vs $219M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$386M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -63%, ROA -30.4% (last 4 quarters, SEC) |
Ownership (SPCE)
| Insider Ownership | +0.43% |
|---|---|
| Institutional Ownership | +33.35% |
| Shares Outstanding | 151.60M |
| Float | 150.87M |
| Short % of Float | +25.82% |
Source: Nexqual, November 10, 2026 at 16:39 UTC.
Leadership (SPCE)
Virgin Galactic Holdings, Inc. is led by Michael A. Colglazier, CEO, President & Director, per Nexqual as of November 10, 2026 at 16:39 UTC.
| CEO, President & Director | Michael A. Colglazier |
|---|---|
| Executive VP, CFO & Treasurer | Douglas T. Ahrens |
| Vice President of Investor Relations | Eric Cerny |
| Vice President of Communications | Aleanna Crane |
| President of Spaceline Missions & Safety | Michael Patrick Moses |
Major Backers & Investors (SPCE)
Notable institutional backers of Virgin Galactic Holdings, Inc. include UBS Group AG, Fidelity, Renaissance Technologies, according to Nexqual as of November 10, 2026 at 16:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| UBS Group AG | 2.31% |
| Fidelity | 2% |
| Renaissance Technologies | 1.85% |
| Millennium Management | 1.01% |
| Avantax Planning Partners, Inc. | 0.7% |
| Susquehanna International Group, LLP | 0.67% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 5.58% |
| State Street | 5.23% |
| Vanguard Group | 2.94% |
| Geode Capital | 2.42% |
Source: Nexqual, November 10, 2026 at 16:39 UTC.
From Virgin Galactic Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-03-30)
Key Strengths & Strategy (as disclosed to the SEC)
- Our spaceflight system was developed using our proprietary technology and processes and is focused on providing space travel experiences for private astronauts, autonomous research flight opportunities and human-tended research flights.
- As of December 31, 2025, we have reservations for spaceflights for approximately 675 future astronauts, which represent approximately $188 million in expected future spaceflight revenue upon completion of the spaceflights.
- As of December 31, 2025, we have flown 23 paying astronauts and have reservations for spaceflights for approximately 675 future astronauts, which represent approximately $188 million in expected future spaceflight revenue upon completion of the spaceflights.
- We have developed an extensive portfolio of proprietary technologies embodied in the highly specialized assets that we have developed or leased to enable commercial spaceflight.
Partnerships
- In September 2025, we announced the continuation of our partnership with Purdue University in the form of a research mission scheduled for 2027.
- We have partnered with third parties to manufacture key subassemblies for our next-generation spaceships, which will be assembled at our facility in Arizona.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to comply with a wide variety of extensive and evolving government laws and regulations could have a material adverse effect on our business.
- Compliance with U.S. federal, state and foreign laws, regulations and other requirements relating to privacy, the processing of personal information and consumer protection involves significant expenditure and resources, and any actual or perceived failure by us or third parties we rely upon to comply could adversely affect our business, results of operations and our financial condition.
- We may become involved in litigation that may materially adversely affect us.
- We are subject to environmental regulations and may incur substantial costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: November 10, 2026 at 16:39 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt