Virgin Galactic Stock Surges 17% Before Earnings: Why SPCE’s Next Test Matters
Virgin Galactic shares surged 17.1% to $2.94 Friday, trading over 16 million shares ahead of its first-quarter earnings report due May 14. The rally followed a 5.6% drop Thursday and left the stock still down over 55% from its 52-week high. Analysts expect a quarterly loss of 79 cents per share on $200,000 revenue. Virgin Galactic ended 2025 with $338 million in cash and a $279 million net loss.