3 Predictions for Virgin Galactic Stock

By Travis Hoium – Sep 17, 2023 at 6:45AM

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 needs cash, and there are a few options to get it.

Virgin Galactic (SPCE 3.15%) has seen its stock price drop to near penny stock territory, and that leaves fewer options to fund operations in the future. In this video, Travis Hoium covers three ways the company can raise cash and ultimately reach profitability.

*Stock prices used were end-of-day prices of Sept. 12, 2023. The video was published on Sept. 13, 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.