Virgin Galactic Holdings Inc. (NASDAQ: SPCE) stock surged by 0.5% at last close whereas the SPCE stock price declines by 17.08% in the premarket trading session. Virgin Galactic Holdings is a vertically integrated aerospace and space travel firm that uses sophisticated air and space vehicles to develop human spaceflight for private people and researchers.
SPCE stock’ Current Update
Virgin Galactic Holdings has stated that it will immediately commence its planned upgrade program for VMS Eve and VSS Unity, following which the Unity 23 test flight will take place.
VMS Eve and VSS Unity will benefit from the upgrade effort, which will boost vehicle performance and flight rate capabilities. Virgin Galactic has been conducting normal testing and studies to update its material characteristics database in preparation for this project. This data is utilized to guide design and manufacturing advancements that will enable higher flight frequency by predicting how materials will function under various loads and environmental conditions. One of these recent laboratory tests revealed a probable loss in the strength margins of some materials utilized to alter certain joints, necessitating additional physical examination.
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Virgin Galactic ships are built to resist forces that are far greater than those encountered in normal use, giving extra safety and margin. The improvement effort aims to raise margins even further, allowing for greater dependability, longevity, and lower maintenance costs in commercial use. The test flight methods have clearly defined strength margins, and subsequent research will determine whether any extra effort is necessary to keep them at or beyond stated limits. Given the time commitment, the Company has concluded that the most effective and expeditious approach to commercial service is to perform this work immediately, alongside the scheduled improvement program.
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Before beginning commercial flights, the Company plans to complete the vehicle testing program for VMS Eve and VSS Unity, including the scheduled research test flight with the Italian Air Force.
