The recent mission, Galactic 05, by Virgin Galactic has led to a 12% surge in the company's stock. The mission was launched from Spaceport America in New Mexico and marked their sixth spaceflight in six months. The crew included Dr. Alan Stern from NASA’s Science Mission Directorate, Kellie Gerardi of IIAS, and Franco-Italian private astronaut Ketty Maisonrouge.
During the suborbital flight aboard the VSS Unity spacecraft, research was conducted and the spacecraft returned safely to Earth. This mission follows a series of successful spaceflights by Virgin Galactic, each carrying a unique set of passengers and objectives.
Last month, Galactic 04 took international private astronauts into space. Prior to this, Galactic 01, the company's first dedicated science mission, transported Italian researchers for microgravity studies.
The Galactic 02 mission made history by taking the second-youngest person and the first mother-daughter duo into space. Despite these achievements, Virgin Galactic shares have been underperforming in 2023 with a drop of 52.4%, compared to the S&P 500 index’s SPX gain of 11.9%.
This recent surge in stock following the successful Galactic 05 mission is a positive note for Virgin Galactic, which has been working towards making space travel more accessible and advancing scientific research through its missions.
InvestingPro Insights
Virgin Galactic is showing promising signs of growth, with an 18% increase in revenue in Q1 2023 and a 12% rise in EPS over the last twelve months as of Q1 2023. This growth is reflected in the company's stock, which has surged by 12% following the recent successful Galactic 05 mission.
InvestingPro Tips suggest keeping a close watch on Virgin Galactic's future space missions as they appear to have a direct impact on the stock performance. It's also recommended to monitor the company's quarterly financial results for a comprehensive understanding of its financial health. For more insightful tips like these, InvestingPro offers a total of 200+ tips tailored to help you make informed investment decisions.
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