Virgin Galactic Soars 23% at Market Open, Extending Last Week's Strong Performance

BlockBeats News, June 1st, according to Bitget market data, Virgin Galactic opened with a 23% surge, continuing its strong performance from last Friday with a 36% increase, resulting in a cumulative gain of over 200% in the short term. The main driving factors are as follows:

· SpaceX IPO Rumors: Rumors of a SpaceX IPO at a sky-high valuation have been circulating in the market. Retail investors view SPCE as a "SpaceX concept stock," leading to a meme-style frenzy of buying.

· Company-specific Catalyst: The VSS Unity spacecraft recently successfully returned to the sky for a glide test, paving the way for commercial flights in 2026. This is a significant development for the company after a two-year hiatus.

· Frenzied Trading Sentiment: Trading volume surged to nearly 180 million shares last Friday, far exceeding the daily average volume. Retail investors' enthusiasm is soaring.

Currently, as the world's only publicly traded commercial space tourism company, Virgin Galactic continues to benefit from the hot space concept sector. However, the company is still in a loss-making stage, experiencing significant short-term volatility. Investors are advised to attentively follow upcoming SpaceX news and the company's actual flight progress.