SPCE
Virgin Galactic Holdings, Inc.

Virgin Galactic Holdings, Inc.SPCE

Industrials · Aerospace & Defense
2.69USD
+5.08%
Oct 28, 2026
SPCE overview ready
A direct operator and prospective pure-play provider of suborbital private-astronaut and research flights, presently centered on bringing its Delta-class vehicles into commercial service.
Narrative exposure is mapped
Exposed to the No clear current market narrative narrative through No validated multi-company public-market theme — pure play.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
High operating losses and negative margins.
Market Oct 27Filing Jun 30Price action Aug 9

Conviction Level

CompanyFit—PriceAction8.6Valuation0.3CompanyPosition7.3BusinessQuality—

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
SpaceLagging
vs SPY
−20.8pp
Theme return
−20.3%
Beating SPY
0 of 12
21 sessions to Oct 27, 2026 · ranked 57 of 59 themes
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$407.8M
Avg Volume (60D)
5.6M
60 sessions
Revenue Growth YoY
-78.1%
FY2025 vs FY2024
Free Cash Flow Yield
-94.8%
Distance from 200DMA
+4.0%
P/E
N/M
EV / Sales
358.2x
Market metrics as of Oct 27, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Virgin Galactic Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
A direct operator and prospective pure-play provider of suborbital private-astronaut and research flights, presently centered on bringing its Delta-class vehicles into commercial service.
Key risk
High operating losses and negative margins.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

Virgin Galactic Holdings, Inc. designs, manufactures, tests, operates, and maintains spaceflight systems, focusing on commercial space travel for private individuals, researchers, and government agencies.

How it earns

Revenue is generated primarily through transactional sales of spaceflight experiences and related services.

Products & services
Suborbital spaceflight experiences
Spacecraft design and manufacturing
Customers & end markets
Private individuals
Research institutions
Government agencies
Market position

Niche player in the emerging commercial space tourism market.

Demand drivers
High cyclicality

Demand for discretionary space tourism services is sensitive to economic cycles and consumer confidence.