Virgin Galactic Holdings, Inc. (NYSE:SPCE) stock rose Monday after the company announced a new collaboration with Lawrence Livermore National Laboratory (LLNL).
The partnership will evaluate the use of LLNL sensor systems aboard Virgin Galactic launch vehicles to collect critical flight and performance data.
The initiative is also designed to accelerate next-generation image-capture capabilities on high-altitude, long-endurance, heavy-lift (HALE-Heavy) aircraft.
Also Read: Virgin Galactic Shares Rocket Higher On Q3 Results, Space Flight Update
Management Commentary
Virgin Galactic CEO Michael Colglazier said the company’s launch vehicle delivers exceptional performance and is capable of supporting a wide range of high-altitude missions.
He added that the feasibility study with Lawrence Livermore National Laboratory marks an important step in determining how the vehicle can contribute to the development of breakthrough technologies.
Stock Performance And Financial Context
Despite Monday’s uptick, Virgin Galactic shares remain under significant pressure. The stock is down 45% year-to-date and fell 19% last Tuesday following the announcement of a capital realignment plan aimed at reducing $152 million in debt.
As part of that plan, the company intends to repurchase $355 million of its 2027 convertible notes, extend remaining debt maturities to 2028, and raise additional cash through equity issuance, warrants, and new first-lien notes.
Operationally, Virgin Galactic reported just $365,000 in revenue last quarter, missing expectations for the fifth consecutive quarter.
Colglazier has previously said the company expects commercial operations to begin at the end of 2026, underscoring the long runway before meaningful revenue generation resumes.
SPCE Price Action: Virgin Galactic shares were up 2.78% at $3.33 during premarket trading on Friday, according to Benzinga Pro data.
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