What's Going On With Virgin Galactic Stock?

Virgin Galactic Holdings, Inc. SPCE shares are trading higher on Thursday. The company announced the completion of its sixth successful spaceflight in six months.

What To Know: The mission, named 'Galactic 05', made use of the spaceship as a suborbital lab for space-based scientific research for the second time. It also marks Virgin Galactic's sixth spaceflight carrying microgravity and space-based research and its second in 2023.

Michael Colglazier, CEO of Virgin Galactic, commented, saying, "Providing researchers with reliable and repeatable access to a high-quality microgravity environment is vital to our mission of expanding human knowledge and enabling scientific discoveries."

"We are proud to support the work of the Southwest Research Institute and International Institute for Astronautical Sciences with today's flight, and we will use insights from the mission to enhance the research capabilities of our future Delta-class spaceships. We look forward to playing an increasingly important role in space research in the years ahead."

The company is also expected to report third-quarter earnings results on Nov. 8. Virgin Galactic is expected to report earnings of losses of 43 cents and revenue of $1.07 million.

Related Link: EXCLUSIVE: Roundhill Launches Dividend Kings ETF With 'The Gold Standard Of Dividend Growers,' Companies With 'Incredible Resilience'

SPCE Price Action: Shares of SPCE were up 12.7% at $1.68 at the time of publication, according to Benzinga Pro.

Image by WikiImages from Pixabay