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Virgin Galactic Holdings ( (SPCE) ) has shared an update.
On December 18, 2025, Virgin Galactic repurchased approximately $354.6 million of its 2.50% convertible senior notes due 2027, sharply reducing the outstanding principal on these securities from $425 million to about $70.4 million, and funded the move through a combination of a registered equity offering and a concurrent private debt and warrant placement. The company issued roughly 2.2 million common shares and pre-funded warrants for about 8.4 million additional shares in a registered direct offering, while simultaneously raising about $212.5 million via a new series of 9.80% first-lien notes due 2028 and issuing purchase warrants for approximately 31.7 million shares in a private placement, significantly reshaping its capital structure by exchanging near-term convertible debt for longer-dated secured notes and equity-linked securities, with detailed redemption schedules and covenant protections that will influence its future financing flexibility and obligations to institutional investors.
The most recent analyst rating on (SPCE) stock is a Sell with a $2.30 price target. To see the full list of analyst forecasts on Virgin Galactic Holdings stock, see the SPCE Stock Forecast page.
Spark’s Take on SPCE Stock
According to Spark, TipRanks’ AI Analyst, SPCE is a Neutral.
Virgin Galactic Holdings’ overall stock score is primarily impacted by its weak financial performance and unattractive valuation. While technical analysis shows some potential for upward momentum, the company’s ongoing financial challenges and lack of profitability weigh heavily on the score. Positive future prospects highlighted in the earnings call provide some optimism but are not enough to offset current financial weaknesses.
To see Spark’s full report on SPCE stock, click here.
More about Virgin Galactic Holdings
Virgin Galactic Holdings operates in the commercial spaceflight industry, focusing on suborbital space tourism and related aerospace services for private individuals and research customers. The company develops and operates spacecraft designed to carry paying passengers and payloads to the edge of space, targeting high-net-worth consumers and institutional clients seeking access to microgravity and high-altitude environments.
Average Trading Volume: 4,629,901
Technical Sentiment Signal: Strong Sell
Current Market Cap: $195.9M
See more data about SPCE stock on TipRanks’ Stock Analysis page.