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

Virgin Galactic Holdings, Inc. SPCE shares are volatile on Thursday as the company prepares for its first commercial space launch.

What To Know:

Virgin Galactic launched its first commercial spaceflight, "Galactic 01,” on Thursday. The VMS Eve took off around 10:30 a.m. ET carrying the VSS Unity spacecraft. The spacecraft is carrying the crew and four passengers who will conduct 13 experiments studying microgravity, cosmic radiation data and fluid dynamics during the 90-minute flight.

Virgin Galactic shares have been volatile over the last month, surging on the company's commercial spaceflight announcement before pulling back on an at-the-market stock offering of $400 million.

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SPCE Price Action: According to Benzinga Pro, Virgin Galactic shares are trading 2.24% lower at $4.63 at the time of publication.

Image: Courtesy of Virgin Galactic Holdings, Inc.