Why Virgin Galactic Is Raising Another $400 Million

By Travis Hoium – Jun 28, 2023 at 4:00PM

NYSE: SPCE

Virgin Galactic

Market Cap

$365M

Today's Change

(3.15%) $0.03

Current Price

$0.89

Price as of April 26, 2024, 4:00 p.m. ET

Virgin Galactic is looking to sell a lot of stock and may sell even more in the future.

Virgin Galactic (SPCE 3.15%) recently sold over $100 million of stock and is looking to sell $400 million more. Is that good or bad for the future of the company? In this video, Travis Hoium covers the recent stock sales and why this may only be the start of the company's fundraising.

*Stock prices used were end of day prices of June 26, 2023. The video was published on June 28, 2023.

Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.