Virgin Galactic Shareholder Class Action Settlement Approved
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy SPCE?
Source: PRnewswire
- Settlement Amount: The U.S. District Court has approved an $8.5 million class action settlement between Virgin Galactic and Social Capital Hedosophia, aimed at resolving all claims from July 10, 2019, to August 4, 2022, providing some compensation to affected shareholders despite the relatively modest amount.
- Hearing Schedule: A fairness hearing is set for July 9, 2026, to evaluate the settlement's fairness and reasonableness, and if approved, it will dismiss the action against the defendants, impacting the rights of all participating shareholders in the settlement.
- Claim Submission Requirements: Affected shareholders must submit a claim form by August 13, 2026, or risk losing their eligibility to share in the settlement fund, highlighting the importance of timely action which may lead to some shareholders missing out on compensation.
- Exclusion and Objection Procedures: Shareholders wishing to opt-out must submit a request by June 18, 2026, and any objections to the settlement must be filed by June 9, 2026, ensuring shareholders are informed and can participate in the proceedings.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SPCE?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SPCE
Wall Street analysts forecast SPCE stock price to rise
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 2.580
Low
2.30
Averages
3.43
High
4.50
Current: 2.580
Low
2.30
Averages
3.43
High
4.50
About SPCE
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which offers access to space for private individuals, researchers, and government agencies. The Company’s operations include design and development, manufacturing, ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The Company has developed a portfolio of proprietary technologies that are embodied in the specialized vehicles that it has created to enable commercial spaceflight. These technologies underpin its carrier aircraft, the mothership; its spaceships; its hybrid rocket motor; and its safety systems. Its Carrier Aircraft-The mothership is a twin-fuselage, custom-built aircraft designed to carry spaceships up to an altitude of approximately 45,000 feet, where the spaceship is released for its flight into space. Its Virgin Galactic spaceships are reusable with the capacity to carry pilots and private astronauts, research experiments and researchers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
VIRGIN GALACTIC FILES SUPPLEMENTAL INDENTURE FOR 9.80% FIRST LIEN NOTES DUE 2028 ON APRIL 24, 2026 - SEC DOCUMENT
Bond Issuance: Virgin Galactic has entered into a supplemental indenture for its 9.80% first lien notes due in 2028.
Filing Date: The supplemental indenture was filed on April 24, 2026.
See More
Virgin Galactic Shareholder Class Action Settlement Approved
- Settlement Amount: The U.S. District Court has approved an $8.5 million class action settlement between Virgin Galactic and Social Capital Hedosophia, aimed at resolving all claims from July 10, 2019, to August 4, 2022, providing some compensation to affected shareholders despite the relatively modest amount.
- Hearing Schedule: A fairness hearing is set for July 9, 2026, to evaluate the settlement's fairness and reasonableness, and if approved, it will dismiss the action against the defendants, impacting the rights of all participating shareholders in the settlement.
- Claim Submission Requirements: Affected shareholders must submit a claim form by August 13, 2026, or risk losing their eligibility to share in the settlement fund, highlighting the importance of timely action which may lead to some shareholders missing out on compensation.
- Exclusion and Objection Procedures: Shareholders wishing to opt-out must submit a request by June 18, 2026, and any objections to the settlement must be filed by June 9, 2026, ensuring shareholders are informed and can participate in the proceedings.
See More
VIRGIN GALACTIC - UPDATED TERMS OFFER MORE FLEXIBILITY FOR REDEEMING FIRST LIEN NOTES; REDEMPTION PRICE REMAINS THE SAME - SEC FILING
Amendments Overview: The recent amendments to the Virgin Galactic regulations provide greater flexibility for the redemption of first lien notes.
Redemption Price Stability: Despite the changes, the redemption price for these notes remains unchanged, ensuring consistency for investors.
See More
VIRGIN GALACTIC - SEEKS CHANGES TO INDENTURE TO ENABLE REDEMPTIONS OF FIRST LIEN NOTES - SEC FILING
Virginia Galactica's Initiative: Virginia Galactica is seeking amendments to facilitate redemptions of first lien notes.
Focus on Secured Financing: The amendments aim to enhance the process of securing financing through the restructuring of existing debt obligations.
See More
VIRGIN GALACTIC BEGINS CONSENT SOLICITATION FOR 9.80% FIRST LIEN NOTES SET TO MATURE IN 2028 ON APRIL 20, 2026 - SEC FILING
- Company Announcement: Virgin Galactic has initiated a solicitation for consent regarding its 9.80% first lien notes due in 2028.
- Filing Date: The solicitation process is set to begin on April 20, 2026, as part of their SEC filing.
See More
Delta Air Lines Raises Baggage Fees Amid Rising Fuel Costs
- Earnings Season Kickoff: Delta Air Lines is set to release its earnings report on Wednesday morning, marking the start of the earnings season for major airlines, which is expected to significantly impact market sentiment.
- Baggage Fee Increase: In response to rising fuel prices, Delta has announced an increase in checked baggage fees, a move that could affect customer travel choices and potentially boost company revenues amid cost pressures.
- Competitive Comparison: Delta's stock is down 5.5% in 2026, which is relatively better compared to American Airlines and United Airlines, which have seen declines of nearly 30% and 20% respectively, highlighting the intense competition in the airline industry.
- Chinese Tech Stocks Struggling: The KraneShares CSI China Internet ETF (KWEB) has dropped over 17% year-to-date, with notable laggards like Tencent Music, Trip.com, and NetEase facing significant losses, reflecting the challenges within the Chinese tech sector.
See More
VIRGIN GALACTIC FILES SUPPLEMENTAL INDENTURE FOR 9.80% FIRST LIEN NOTES DUE 2028 ON APRIL 24, 2026 - SEC DOCUMENT
Bond Issuance: Virgin Galactic has entered into a supplemental indenture for its 9.80% first lien notes due in 2028.
Filing Date: The supplemental indenture was filed on April 24, 2026.
See More
Virgin Galactic Shareholder Class Action Settlement Approved
- Settlement Amount: The U.S. District Court has approved an $8.5 million class action settlement between Virgin Galactic and Social Capital Hedosophia, aimed at resolving all claims from July 10, 2019, to August 4, 2022, providing some compensation to affected shareholders despite the relatively modest amount.
- Hearing Schedule: A fairness hearing is set for July 9, 2026, to evaluate the settlement's fairness and reasonableness, and if approved, it will dismiss the action against the defendants, impacting the rights of all participating shareholders in the settlement.
- Claim Submission Requirements: Affected shareholders must submit a claim form by August 13, 2026, or risk losing their eligibility to share in the settlement fund, highlighting the importance of timely action which may lead to some shareholders missing out on compensation.
- Exclusion and Objection Procedures: Shareholders wishing to opt-out must submit a request by June 18, 2026, and any objections to the settlement must be filed by June 9, 2026, ensuring shareholders are informed and can participate in the proceedings.
See More
VIRGIN GALACTIC - UPDATED TERMS OFFER MORE FLEXIBILITY FOR REDEEMING FIRST LIEN NOTES; REDEMPTION PRICE REMAINS THE SAME - SEC FILING
Amendments Overview: The recent amendments to the Virgin Galactic regulations provide greater flexibility for the redemption of first lien notes.
Redemption Price Stability: Despite the changes, the redemption price for these notes remains unchanged, ensuring consistency for investors.
See More
VIRGIN GALACTIC - SEEKS CHANGES TO INDENTURE TO ENABLE REDEMPTIONS OF FIRST LIEN NOTES - SEC FILING
Virginia Galactica's Initiative: Virginia Galactica is seeking amendments to facilitate redemptions of first lien notes.
Focus on Secured Financing: The amendments aim to enhance the process of securing financing through the restructuring of existing debt obligations.
See More
VIRGIN GALACTIC BEGINS CONSENT SOLICITATION FOR 9.80% FIRST LIEN NOTES SET TO MATURE IN 2028 ON APRIL 20, 2026 - SEC FILING
- Company Announcement: Virgin Galactic has initiated a solicitation for consent regarding its 9.80% first lien notes due in 2028.
- Filing Date: The solicitation process is set to begin on April 20, 2026, as part of their SEC filing.
See More
Delta Air Lines Raises Baggage Fees Amid Rising Fuel Costs
- Earnings Season Kickoff: Delta Air Lines is set to release its earnings report on Wednesday morning, marking the start of the earnings season for major airlines, which is expected to significantly impact market sentiment.
- Baggage Fee Increase: In response to rising fuel prices, Delta has announced an increase in checked baggage fees, a move that could affect customer travel choices and potentially boost company revenues amid cost pressures.
- Competitive Comparison: Delta's stock is down 5.5% in 2026, which is relatively better compared to American Airlines and United Airlines, which have seen declines of nearly 30% and 20% respectively, highlighting the intense competition in the airline industry.
- Chinese Tech Stocks Struggling: The KraneShares CSI China Internet ETF (KWEB) has dropped over 17% year-to-date, with notable laggards like Tencent Music, Trip.com, and NetEase facing significant losses, reflecting the challenges within the Chinese tech sector.
See More
