It appears that Virgin Galactic has 240 million shares outstanding. 164.6 million are still available to the public for trading. This is known as a “Float.” With Friday’s closing price of $49.20, there are still 10.2 million shares of Virgin’s $500 million offerings available.
The stock closed down at $40.69 per share on Monday. And it still remains up more than 80% this year. The big step towards commercial space service was reflected in a 7% increase in pre-market trading.
Expecting good results
Retired NASA astronaut Nicole Stott told CNBC, she believes Branson’s flight will be a positive influence on the commercial space race.
“I think it’s going to be huge,” Stott emphasized. “We’re on that cusp, right, going over the edge just like they did yesterday, and I think it’s just going to accelerate from here.”
Canaccord Genuity Group equity analyst Ken Herbert told his clients. “We view Branson’s achievement as a massive marketing coup for Virgin Galactic that will be impossible for the public to ignore.”
