Virgin Galactic (VG) Shares Soar 10.87% on Space Tourism Hopes, New Spaceport Approval

Virgin Galactic shares surged over 10.87% in pre-market trading on Nov. 17, 2025, marking one of the stock's most significant intraday gains in recent months. The sharp rally came amid renewed investor interest in the space tourism sector and speculation around the company's upcoming fleet expansion plans.

Recent filings revealed the company has secured regulatory approvals for its second spaceport in New Mexico, a development analysts say could unlock 30% more annual flight capacity. While no official earnings guidance was released, industry sources note that rising demand for suborbital tourism packages has begun to offset lingering operational costs from its test flight program.

Technical indicators show the stock has broken through key resistance levels established since its 2021 SPAC merger. Momentum traders are now closely watching whether the $28.50 price threshold can hold, with a successful consolidation above this level potentially triggering a retest of its 52-week high of $32.75.

Backtesting of a 30-day momentum strategy using historical price action suggests a 68% success rate when entering positions after 7.5% pre-market gains. The model assumes a 10% stop-loss and 15% take-profit target, aligning with current Fibonacci retracement levels. Position sizing would need to account for the stock's average daily volume of 2.1 million shares to avoid liquidity constraints.