Shares of Virgin Galactic Holdings Inc. climbed 5.9% in premarket trading Thursday, continuing their rollercoaster ride.
The stock ended Wednesday’s session down 10.6%, registering its largest single-day percentage decline since Dec. 4, when it fell 17.5%. Virgin Galactic’s
SPCE,
stock ended Monday’s session up 6.9%.
Related: These are the space stocks to keep an eye on in 2024
Earlier this week the space-tourism company announced that the flight window for its Galactic 06 mission will open on Jan. 26, 2024. The flight will carry four private astronauts into space on the company’s sixth commercial spaceflight — its 11th spaceflight to date.
Last month Virgin Galactic fleshed out its near-term growth strategy, laying out the roadmap for the new Delta Class spacecraft, which will begin flight tests in 2025 and enter service in 2026. But earlier this month Virgin Galactic’s stock fell after founder Sir Richard Branson ruled out further investment in the company.
Related: Virgin Galactic’s stock rises 10%, on pace for biggest daily percentage gain in three weeks
Virgin Galactic’s stock is down 32.2% in 2023, compared with the S&P 500 index’s
SPX,
gain of 22.4%.
