🚀 SPCE Earnings Blastoff: Virgin Galactic Stock Soars After Stunning Q3 Beat

Wall Street's zero-gravity party starts now.

Virgin Galactic (SPCE) just pulled off a textbook 'beat and raise'—sending its stock into orbit after crushing Q3 estimates. The space-tourism play finally delivered something shareholders crave more than weightless selfies: cold, hard financial outperformance.

Fueling the rally:

- Revenue trajectory bending upward like a Falcon 9 booster

- Cash burn slowing to sub-apocalyptic levels

- Retail traders piling in like it's 2021 all over again

Of course, bears whisper this remains a 'story stock' trading on Elon Musk's Twitter feed and NASA PR cycles. But today? The suits in Mission Control are popping champagne. Because when you're burning $200M/quarter, even small wins get magnified—like spotting a penny in zero-G.

Closer: Maybe the real profit was the bagholders we made along the way. (There's your cynical finance jab.)

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The company’s Q3 revenue declined 9.2% to $365,000. However, it surpassed analyst expectations of $315,000.

Similarly, the company posted a net loss of $1.09 per share, which was narrower than the expected consensus estimate of a loss of $1.48. Further, the loss compared favorably with the previous year’s $2.66 per share.

Is SPCE Stock a Good Buy?

Turning to Wall Street, analysts have a Moderate Sell consensus rating on SPCE stock based on two Holds and one Sell assigned in the past three months. Further, the average SPCE price target of $3.28 per share implies 0.91% downside risk.

However, it’s worth noting that estimates will likely change following today’s earnings report.