Virgin Galactic Holdings Inc. (NYSE:SPCE) shares are jumping as excitement around the upcoming SpaceX IPO reached new heights. Here’s what you should know.
- Virgin Galactic Holdings shares are climbing with conviction. What’s behind SPCE gains?
SpaceX is preparing to begin trading on Friday with a target valuation of $1.75 trillion and an expected share price of $135, which would raise about $75 billion. The scale of that offering has pushed investors to look for publicly traded names that could benefit from the renewed focus on space technology.
Analysts Are Setting Lofty Expectations For SpaceX
New Street Research released its first set of projections for SpaceX and the numbers are enormous. The firm set a $165 price target, which represents 22% upside from the expected IPO price.
They expect SpaceX to generate $195.3 billion in revenue in 2030. Their breakdown includes $9.7 billion from Space, $57.9 billion from Connectivity and $127.7 billion from AI. They see revenue expanding at a 60% compounded annual rate from 2025 through 2030 and estimate earnings per share of $3.30 by 2030.
Why SPCE Is Up Today
Virgin Galactic is rising because the entire space industry is being pulled into the spotlight. The upcoming SpaceX listing has created a wave of speculative buying, and SPCE is a way for traders to position ahead of what could be one of the most influential IPOs of the decade.
SPCE Technical Levels To Watch
SPCE is trading far above its major trend markers, which shows how strong the recent move has been but also how stretched the stock has become. Price sits about 46% above the 20‑day simple moving average at $3.95 and roughly 77% above the 200‑day simple moving average at $3.26. That kind of distance signals a firm shift in the intermediate trend, yet it also means the stock can swing quickly because extended moves often produce sharper pullbacks when momentum cools.
The moving‑average layout sends a mixed message. The 20‑day simple moving average is above the 50‑day simple moving average, which supports the short‑term trend. The 50‑day simple moving average remains below the 200‑day simple moving average, which reflects a longer‑term downtrend that began in January.
Momentum adds another layer. MACD is below its signal line and the histogram is negative, which indicates that the recent surge is losing strength compared to the prior upswing. When MACD stays under the signal line, rallies often slow unless buyers step in with enough force to turn momentum back upward.
Key levels help frame the next move:
- Key Resistance: $8.90 — the June 52‑week high and the clearest ceiling above current price.
- Key Support: $4.12 — near the 20‑day exponential moving average, a common first‑pullback zone in strong advances.
SPCE Shares Are Soaring
SPCE Price Action: Virgin Galactic shares were up 21.23% at $5.71 at the time of publication on Thursday, according to Benzinga Pro.
Image: T. Schneider/Shutterstock
