Virgin Galactic Holdings, Inc. (SPCE) shares are sliding more than 15 percent on Friday morning trade as the space tourism company announced a delay in its next Rocket-powered spaceflight schedule to May to fix a technical snag discovered earlier this month.
For the fourth quarter, the company reported net loss of $74.018, narrower than loss of $76.802 million last year. On a per-share basis, loss was $0.31, compared to loss of $0.34 a year ago.
Currently, shares are at $36.62, down 15.45 percent from the previous close of $42.24. The shares have traded in a range of $9.06-$62.80 on average volume of 20,528,560.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.