Virgin Galactic’s Wild October Ride: SPCE Stock Soars on Space Tourism Hype, Then Plummets – What’s Next?
Virgin Galactic shares fell nearly 8% on Oct. 17 to $4.08 after a mid-month rally, leaving the stock down about 33% in 2025 and 99% below all-time highs. The company settled a shareholder lawsuit for $2.9 million in September. It announced a 2027 suborbital research flight with Purdue University. Virgin Galactic reported a $67 million Q2 loss and has about 1.5 years of cash left.