Virgin Galactic (SPCE) shares climbed 17.82% Friday to close at $3.24. The stock extended a sharp rally following an 11.34% gain on Thursday.
Anticipation for a SpaceX initial public offering (IPO) fueled sector-wide momentum. This excitement renewed retail and institutional interest in the broader space economy.
Director Diana Strandberg purchased 20,000 shares on the open market Thursday. The transaction was executed at a weighted average price of $2.489 per share.
Virgin Galactic remains on track for its Q3 2026 flight testing schedule. These upcoming tests will feature the company’s Delta-class spacecraft.