Virgin Galactic Holdings, Inc. Common Stock (SPCE)

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced a partnership with Redwire Corporation NYSE: RDWNYSERDW)

EQNX::TICKER_START (NYSEKULR),NASDAQ:RKLBNASDAQRKLB)(NYSE:NOCNYSENOC,(NYSE:SPCENYSE),(NYSE:PLPL) EQNX::TICKER_END

PALM BEACH, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The launch of communication satellites into space has become a cornerstone of modern technology, revolutionizing the way individuals, businesses, and governments connect and communicate across the globe. With increasing reliance on digital infrastructure, communication satellites serve as the backbone for seamless data transmission, bridging the gap between remote regions and urban centers to create a more interconnected and efficient world… and the market is expected to continue to grow in the coming years. A report from Allied Market Research projected that the global satellite communication market size is projected to reach $110.7 Billion by 2033, growing at a CAGR of 9.7% from 2024 to 2033. Communication satellites play a critical role in delivering internet access, broadcasting services, and mobile communications to regions where terrestrial networks are impractical or unavailable. From rural areas to developing nations, these satellites ensure that essential connectivity reaches underserved populations, fostering economic development, education, and social inclusion. Satellites provide essential communication networks for industries such as defense, emergency response, and transportation. In times of natural disasters, when traditional infrastructure is often compromised, satellite communication enables first responders and governments to coordinate relief efforts and ensure public safety. The ongoing deployment of communication satellites supports next-generation technologies like 5G, IoT (Internet of Things), and artificial intelligence. Satellites enable real-time data sharing between devices, empowering industries such as autonomous transportation, smart cities, and remote healthcare to function with greater efficiency and precision. Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), Rocket Lab USA, Inc. NASDAQ: RKLBNASDAQRKLB)(NYSE: NOCNYSENOC, Virgin Galactic Holdings, Inc. (NYSE: SPCENYSE), Planet Labs PBC (NYSE: PLPL).

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 4,259 shares of Virgin Galactic common stock to two new non-executive employees, each effective December 15, 2024.

Virgin Galactic Holdings, Inc. (NYSESPCE) (the “Company” or “Virgin Galactic”) and Ente Nazionale per l'Aviazione Civile (“ENAC”), the civil aviation authority of Italy, today announced the signing of an Agreement of Cooperation to jointly study the feasibility of Virgin Galactic conducting spaceflight operations from Grottaglie Spaceport in the Puglia region of Southern Italy.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced that it has entered into a sales agreement under which it may offer and sell shares of its common stock (the “Shares”) having an aggregate offering price of up to $300 million from time to time pursuant to an “at the market” program (the “ATM Program”).

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the third quarter ended September 30, 2024 and provided a business update.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced that it will report its financial results for the third quarter 2024 following the close of the U.S. markets on Wednesday, November 6, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 42,018 shares of Virgin Galactic common stock to three new non-executive employees, each effective September 15, 2024.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the second quarter ended June 30, 2024 and provided a business update.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced that it will report its financial results for the second quarter 2024 following the close of the U.S. markets on Wednesday, August 7, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 3,089 shares of Virgin Galactic common stock to two new non-executive employees, each effective July 15, 2024.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its new manufacturing facility in Phoenix, Arizona, where final assembly of its next-generation Delta spaceships is scheduled to take place starting in Q1 2025.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced a new contract with the International Institute for Astronautical Sciences (“IIAS”) to fly three research astronauts as part of a future crew aboard the Company’s Delta Class spaceship.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grant, effective June 15, 2024, of a time-based inducement restricted stock unit award of 1,741 shares of Virgin Galactic common stock (after taking into account the 1-for-20 reverse stock split of Virgin Galactic common stock, which became effective on June 14, 2024) to one new non-executive employee.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s common stock. The reverse stock split is expected to become effective at 5:00 p.m. Eastern Time on June 14, 2024, after close of trading on the New York Stock Exchange (“NYSE”). The Company’s common stock is expected to commence trading on a split-adjusted basis when the market opens on June 17, 2024 under the existing trading symbol “SPCE.” The new CUSIP number for the Company’s common stock following the reverse stock split will be 92766K 403.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its second spaceflight of 2024 and 12th mission to date, carrying one researcher and three private astronauts. Today’s ‘Galactic 07’ flight marks the Company’s seventh research mission with Virgin Galactic’s spaceship again serving as a suborbital lab for space-based scientific research.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced that it will participate in TD Cowen’s Future of the Consumer Conference on Wednesday, June 5, 2024 at 10:50am ET.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced that on May 29, 2024 it received a notice from the New York Stock Exchange (the “NYSE”) that the average closing price per share of its common stock did not exceed $1.00 over a 30 consecutive trading-day period, which is required for continued listing on the NYSE.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grant of a time-based inducement restricted stock unit award of 24,205 shares of Virgin Galactic common stock to one new non-executive employee, effective May 15, 2024.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the first quarter ended March 31, 2024 and provided a business update.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the “Company”) today announced that it has opened a new system integration facility in Southern California for the Company’s Delta Class spaceships. This ground-based test facility, which houses a testing platform known as an “Iron Bird,” has begun tests of initial subsystems and will add components over the course of the year to increase its scope and effectiveness.

Virgin Galactic Holdings, Inc. (NYSESPCE) today announced the ‘Galactic 07’ flight window will open Saturday, June 8, 2024. This will be the Company’s second spaceflight this year and 12th to date.

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic” or the "Company”) today announced that it will report its financial results for the first quarter 2024 following the close of the U.S. markets on Tuesday, May 7, 2024. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Virgin Galactic Holdings, Inc. (NYSESPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grant of time-based inducement restricted stock unit awards of 23,946 shares of Virgin Galactic common stock to one new non-executive employee, effective April 15, 2024.