SPCE is trading 11.6% up today at $5.05, extending a sharp multi-day rally driven by renewed optimism around its spaceflight program.

  • The move follows news that Virgin Galactic flew its retired spacecraft for the first time since June 2024 as part of returning its prototype spaceplane to testing.
  • The technical progress has fueled speculative interest and short-covering in the stock, which remains a high-risk, cash-burning venture.