Virgin Galactic (SPCE) Stock Jump as FAA Closes Probe into July 11 Launch
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Go back to Virgin Galactic (SPCE) Stock Jump as FAA Closes Probe into July 11 Launch
September 30, 2021 8:12 AM EDT
Jefferies analyst Greg Konrad reiterated a Buy rating and $33.00 price target on Virgin Galactic (NYSE: SPCE) after the FAA close its inquiry that opened on Aug 11 allows Virgin Galactic to restart spaceflights.
"In our view, the announcement lifts an overhang for SPCE,... More
September 29, 2021 5:25 PM EDT
By David Shepardson
WASHINGTON (Reuters) - The U.S. Federal Aviation Administration (FAA) on Wednesday said it closed its mishap investigation into the July 11 Virgin Galactic Unity 22 launch, which deviated from assigned airspace on descent, and lifted a grounding order the regulator imposed earlier.
The FAA said Virgin Galactic had implemented changes the agency required on how it communicates during flight and that the company will be allowed to resume operations.
The government investigation... More
