Virgin Galactic Holdings shares are climbing with conviction. What’s behind SPCE gains?
Analysts Are Setting Lofty Expectations For SpaceXNew Street Research released its first set of projections for SpaceX and the numbers are enormous. The firm set a $165 price target, which represents 22% upside from the expected IPO price.They expect SpaceX to generate $195.3 billion in revenue in 2030. Their breakdown includes $9.7 billion from Space, $57.9 billion from Connectivity and $127.7 billion from AI. They see revenue expanding at a 60% compounded annual rate from 2025 through 2030 and estimate earnings per share of $3.30 by 2030.Why SPCE Is Up TodayVirgin Galactic is rising because the entire space industry is being pulled into the spotlight. The upcoming SpaceX listing has created a wave of speculative buying, and SPCE is a way for traders to position ahead of what could be one of the most influential IPOs of the decade.SPCE Technical Levels To WatchThe moving‑average layout sends a mixed message. The 20‑day simple moving average is above the 50‑day simple moving average, which supports the short‑term trend. The 50‑day simple moving average remains below the 200‑day simple moving average, which reflects a longer‑term downtrend that began in January.Momentum adds another layer. MACD is below its signal line and the histogram is negative, which indicates that the recent surge is losing strength compared to the prior upswing. When MACD stays under the signal line, rallies often slow unless buyers step in with enough force to turn momentum back upward.Key levels help frame the next move:
