What's Going On With Virgin Galactic (SPCE) Stock Tuesday?

Virgin Galactic Holdings, Inc. SPCE shares are trading higher on Tuesday on continued momentum from last week when the company announced the dates for its first commercial spaceflight.

What To Know:

Shares of Virgin Galactic are trading 19% higher on Tuesday on continued momentum from last week's announcement of the company's first commercial spaceflight.

Virgin Galactic said its first commercial spaceflight, "Galactic 01," will launch between June 27 and June 30 and will be a scientific research mission carrying three crew members to conduct microgravity research.

The company's second commercial spaceflight is expected to take place in early August with regular monthly spaceflights expected thereafter.

Michael Colglazier, CEO of Virgin Galactic, commented, "We are launching the first commercial spaceline for Earth with two dynamic products — our scientific research and private astronaut space mission. This next exciting chapter for Virgin Galactic has been driven by innovation, determination and a commitment to delivering an unparalleled and truly transformative customer experience."

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SPCE Price Action: According to Benzinga Pro, Virgin Galactic shares are trading 22% higher at $5.77 at the time of publication.

Image: Courtesy of Virgin Galactic Holdings, Inc.