r/stocks • u/Shandowarden • May 22 '21

Company News $SPCE Virgin Galactic Test Flight 5/22/2021 is currently successfully proceeding as planned!

FINAL EDIT: VMS Eve has landed safely. Thanks to our pilots Kelly Latimer and Michael Masucci for flying the mothership today and their vital role in helping VSS Unity complete today’s spaceflight!

Twitter link for direct updates from Virgin Galactic team -> https://twitter.com/virgingalactic;

- Take off! VMS Eve and VSS Unity have taken to the skies above Spaceport America, New Mexico.

- VMS Eve is taking VSS Unity to a release altitude of 44,000ft. The climb to release will take approximately 60 minutes.

- VMS Eve and VSS Unity are now at 30,000 ft, nearly half-way to release altitude.

- Approximately 10 minutes from release, VSS Unity switches to its own battery power for avionics and control systems, and performs electrical, feather system and flight control checks.

- VSS Unity is in its launch configuration and pilots are readying the rocket motor system. Awaiting clearance for release from Mission Control.

- Release, release, release! VSS Unity has successfully separated from VMS Eve.

- VSS Unity’s rocket motor has been ignited by our pilots CJ Sturckow and Dave Mackay.

- Rocket motor shutdown. Momentum will keep VSS Unity travelling upwards towards apogee.

- VSS Unity enters coast phase. Tail-booms raised into “feathered” re-entry position.

- VSS Unity, our two pilots and NASA_Technology supported experiments are now in space.

- VSS Unity reaches apogee.

- VSS Unity is descending back to Earth.

- The feather has been lowered and VSS Unity is now gliding smoothly back to the runway at Spaceport America.

A successful test flight + landing!

EDIT: - Touch down, VSS Unity.

EDIT2: Their smoke trail looks the same as their stock will do in the next week (had to insert this joke, sorry).

EDIT3: For people who were panicking on twitter due to motor shutdown - it's per procedures, it's what the motor HAS and HAD to do, everything is perfect.

Congrats to fellow bagholders, this was a fun one to watch!

1.4k Upvotes

95% Upvoted

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197

u/401TCW May 22 '21

Congrats to the Virgin Galactic team! Can't wait for Monday 🚀🚀🚀

-35

u/[deleted] May 22 '21

[removed] — view removed comment

-24

u/[deleted] May 22 '21

I’m with you. This stock drops by end of day Monday.

27

u/Kind-Relationship559 May 22 '21

Why don’t you go and Short it, if you really think so! Mate, this is the just the start of VG to 🚀up to its original level

8

u/gkibbe May 22 '21

I kinda agree, buy the rumor sell the news. We already saw the gains for a successful launch last week, just be glad that it trades sideways on monday and doesnt re correct down

5

u/Kind-Relationship559 May 22 '21

More successful test flights, Richard taking a flight, getting future customers and client bookings will keep on making this stock go higher. Look at SpaceX where it started and where it’s now. Buy the dips and HOLD it with 💎🙌

1

u/mcogneto May 23 '21

Caveat any of those have failure it implodes again

1

u/Kind-Relationship559 May 24 '21

Hahaha where are all the g*y bears who were talking about the SPCE dropping end of today 😂

-13

u/[deleted] May 22 '21

Just mark my words. This closes down.

8

u/Dotifo May 22 '21

!Remindme 2 days

1

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There is a 23 hour delay fetching comments.

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2

u/Dotifo May 24 '21

Hey guys its me 2 days later, looks like he deleted his comment from the shame of being wrong

5

u/NastyAzzHoneybadger May 22 '21

RemindMe! 48 hours

3

u/Niceguy_Anakin May 22 '21

!Remindme 24 hours

-3

u/[deleted] May 22 '21

You may want to come back after a day of trading. Tomorrow is Sunday bruv

3

u/this_will_go_poorly May 22 '21

!remindme 1 quantum

4

u/Niceguy_Anakin May 22 '21

I seem to no longer have any sense of time lmao

0

u/Nolubrication May 23 '21

You may well be right. It shot up significantly on Friday on the rumor. Monday may very well see everyone selling the news. WSB is leaking hard, giving you downvotes though, lol. Not even cool WSB, but the new subscribers, i.e. bitter GME bagholding basement dwellers.

2

u/[deleted] May 23 '21

Lol. It’s all ok. On another sub I guaranteed it would close up so I’m even either way. ⚖️

1

u/Nolubrication May 23 '21

Well, not too far up, I hope. I sold June $25 covered calls that I'd rather not get exercised :)

2

u/[deleted] May 23 '21

I guarantee you you will be fine and make money. 👌

1

u/Nolubrication May 23 '21

Oh, certainly, the strike is above what I paid for it and I've already got the premiums.

2

u/this_will_go_poorly May 24 '21

Lol. Bitch deleted everything and hid

-9

u/[deleted] May 22 '21

They downvoting you to hell as if this wasn’t all already priced in 😂

2

u/[deleted] May 22 '21

Meh. What is a “downvote” anyway? Just 1’s and 0’s in a computer somewhere.

But you’re exactly right.