Virgin Galactic Holdings Inc (NYSE: SPCE) continued its impressive multi-month run on Friday. The stock rallied in the day to close with gains of 21.22%. This came just a few days after the company announced that it had relocated SpaceShipTwo, VSS Unity, to the company’s commercial headquarter at Spaceport.
The company announced that VSS Unity was moved from Mojave, California aboard the carrier aircraft, and welcomed in New Mexico by the team that will be operating it going forward. The company announced that, the carrier flight was an opportunity for engineers to evaluate the spaceship at high altitudes and low temperatures for more than 3 hours. This is a much longer period than the time spent in missions to space. Through these evaluations, the company tested the performance of the systems in environments that would be impossible to mirror in ground tests. The company further stated that, captive missions are essential to the VSS Unity flight testing.
On top of that, the company stated that, the flight was a good opportunity to train pilots, and also help in developing familiarization. So far several of the company’s pilots have steered the spaceship. For the latest flight, Nicola Pecile, a veteran member of the Italian Airforce joined chief pilot Dave Mackay.
The company also announced that, the move was part of its plan to relocate all of its operations to New Mexico. The move started in May 2019, and with the move of VSS Unity, all team members have been relocated. Commenting on the move, CEO George Whitesides stated that, when the company announced that it was moving to New Mexico, everyone understood the challenging task ahead. However, he was happy that the team believed in the company’s vision.
Looking at its price action, the stock opened the day at $24.50. It then traded between a low of $24.06 and a high of $28.79 before closing the day at $28.68. Volumes in the day stood at 44.37 million.
About Virgin Galactic Holdings Inc
Virgin Galactic Holdings Inc is an aerospace company that works on human flights to space. It is headquartered in Las Cruces, New Mexico.