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Virgin Galactic skyrockets 19% to an all-time high after the company moves its spacecraft to New Mexico (SPCE) | Markets Insider

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Virgin Galactic skyrockets 19% to an all-time high after the company moves its spacecraft to New Mexico

The aerospace company's stock price surged as much as 19% on Friday to an all-time high of $28.23 per share, capping off five straight days of gains. that it had relocated its SpaceShipTwo, named the VSS Unity, from Mojave, California, to its commercial headquarters at Spaceport America's Gateway to Space building in New Mexico.

Moving the spacecraft is a key milestone for Virgin Galactic, as the VSS Unity will eventually shuttle paying customers to space and back from the Spaceport America facility.

 

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