Virgin Galactic rose by seven to eight percentage points, with Jefferies reiterating a Buy rating and a target price of $5. The key milestone is whether Q4 commercial flights can commence as scheduled. The 50 seats on the Delta-class spacecraft are already being sold at $750,000 each, with the order book accumulating, but quarterly revenue remains at the $200,000 level.

The history of commercial flight delays is there — can this Q4 finally see them take off? I feel this wave of gains is more driven by institutional signals and betting, with genuine positive cash flow still at least until 2027.