Virgin Galactic Holdings Inc. (NYSE:SPCE) has been one of the most explosive trades of the spring, surging more than 165% over the past month and turning short sellers into reluctant spectators as retail momentum builds ahead of a critical commercial launch window.
SPCE stock is racing higher. Watch the price action here.
The Catalysts
The stock climbed from $2.47 on May 20 to as high as $6.18 by May 29 — a move that played out in nine trading days and caught many bears off guard.
The catalyst stack driving the rally is real: a successful glide test of VSS Unity on May 27 at Spaceport America, a court settlement clearing a litigation overhang that had hung over the stock since 2022 and a Jefferies analyst reaffirming the company’s Q4 2026 commercial launch roadmap.
