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Galactic Virgo (SPCE) could re-test its SpaceShipTwo vehicle on Saturday, a key step needed before commercial flights begin. The SPCE stock has increased.
X
The test comes after the space tourism company halted a powered flight on December 12, when it failed to complete milestones due to a sudden shutdown in the rocket engine’s ignition sequence .
Management said the next powered flight will test the work that has been done since the interrupted flight.
The team installed the hybrid rocket motor in SpaceShipTwo Unity as part of pre-flight preparations for our flight test window to open this week. Thanks to Rich C De Baca, Senior Propulsion Engineer and from New Mexico, for the video presentation! ” pic.twitter.com/gXW3PMDa7V
– Galactic Virgo (@virgingalactic) February 8, 2021
The test will also include the original objectives of the December flight, which was supposed to supplement data collection for the last two FAA verification and validation milestones.
These milestones are needed before SpaceShipTwo can be cleared for commercial flights.
In addition, the customer’s cabin as well as the horizontal stabilizers and improved flight controls will be evaluated.
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Test evaluated in the SPCE stock?
Virgin Galactic stock rose 6% to 55.66 on the stock exchange today. SPCE stock was among the heavily sold stocks that captured the interest of retail investors in January, and has more than doubled since the start of the year.
Actions of Boeing (BA), whose venture capital division invested in Virgin Galactic, rose 0.6%.
Wall Street has been extremely bullish on the company despite not launching a commercial service or making any income. Most analysts still have a buy rating on SPCE stock, but some are getting nervous.
UBS downgraded Virgin Galactic stock to natural buy value on Wednesday on a “conscious” approach to valuation. Analyst Myles Walton wrote that he believes a successful Virgin Galactic test flight is already built into its share price. UBS now has a target price of 52 on the stock.
Follow Gillian Rich on Twitter for space news and more.
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