Virgin Galactic

SPCE

Market cap $333M

A rotation out of the biggest winners of the recent rally gathered momentum this week, sending chip stocks toward their steepest weekly decline in more than a year and sparking fresh concerns about the sustainability of the AI-driven surge.

ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic's Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 141,295 shares of Virgin Galactic common stock to two new non-executive employees, each effective July 15, 2026.The awards were granted under Virgin Galactic's Second Amended and Restated 2023 Employment Inducement.

Shares of SpaceX (NASDAQ:SPCX) are down 6% to $151 and change in midday trading Tuesday, an unusual response given the flood of bullish analyst initiations that hit the tape today and the company's

Space stocks are diverging sharply at midday Wednesday, with the market's newest space giant sliding even as smaller rivals rally on their own catalysts.

Space stocks are catching a bid in Friday midday trading. Virgin Galactic (NYSE:SPCE) stock is up 13% to $2.83, AST SpaceMobile (NASDAQ:ASTS) stock is up 9% to $71.72, and Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock is up 5% to $84.40.

The many space stocks that rocketed higher ahead of the SpaceX IPO earlier this month have since fallen back down to earth. On average, these stocks were up 99% year-to-date at the close on June 11th when SpaceX priced its shares at $135. Along with SpaceX still being up 14.5% from its IPO price, just one other stock out of 28 is up since the SPCX IPO.

Shares of SpaceX (NASDAQ:SPCX) stock are down 9% in midmorning trading Monday, sliding to around $168 after the company announced its first public bond offering.

Shares of SpaceX (NASDAQ:SPCX) are up 15% in Monday afternoon trading, climbing to about $185 as buyers extend the post-IPO surge that began last Friday.

SpaceX's trading debut knocked space stocks out of the stratosphere. Some experts say they can rise again.

Space stocks got torched Friday as SpaceX (NASDAQ:SPCX) opened for trading, and a short seller attacked six names in the sector.