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Virgin Galactic bounces off record low as ‘Galactic 03’ flight window to open in less than 2 weeks

Clyde Edgerton by Clyde Edgerton
August 28, 2023
in Markets
Virgin Galactic bounces off record low as ‘Galactic 03’ flight window to open in less than 2 weeks
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Shares of Virgin Galactic Holdings Inc.
SPCE,
-1.55%
bounced 0.8% in premarket trading Monday, after closing the previous session at a record low, after the space travel company said the flight window for its “Galactic 03” will open on Sept. 8. The company said that would mark the fourth spaceflight in four months. The company said the three crew members of the “Galactic 03” bought their tickets as early as 2005. The stock, which closed at a record low of $2.54 on Friday, has tumbled 24.9% over the past three months while the S&P 500
SPX,
+0.67%
has gained 4.8%.



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