Virgin Galactic Holdings Inc. (SPCE) is an aerospace firm that develops spacecraft for human journey and tourism. The corporate designs and builds a program for transporting individuals on multi-day journeys with views of the Earth from area. Its actions embrace the design, improvement, manufacture, floor and flight testing, and upkeep of its spaceflight system automobiles.
Virgin Galactic’s high shareholders are Adam Bain, Michael A. Colglazier, Michael Patrick Moses, Virgin Investments Ltd., SCH Sponsor Corp. and Vanguard Group Inc.
Virgin Galactic’s 12-month trailing internet revenue is -$500.15 million and it posted $2.31 million in income over that interval. The corporate’s market capitalization as of December 31, 2022 was roughly $955.7 million.
Key studying factors
- An “insider” shareholder is usually somebody who holds a senior administration place and is a member of the board of administrators, however these shareholders will also be individuals or entities that personal greater than 10% of the corporate’s inventory.
- Virgin Galactic’s three largest particular person insider shareholders are Adam Bain, Michael A. Colglazier and Michael Patrick Moses.
- Vanguard Group is Virgin Galactic’s largest institutional shareholder, with 19.9 million shares on the finish of 2022.
High 3 particular person insider shareholders
The shares owned by particular person insider shareholders are these held by direct possession. Shares talked about right here don’t embrace shares held not directly or shares accessible by means of inventory choices.
Firm insiders should file an SEC Kind 4 at any time when they purchase or promote a portion of the corporate’s inventory that’s thought-about materials.
“Insider” refers to individuals in senior administration positions and members of the board of administrators, in addition to individuals or entities that personal greater than 10% of the corporate’s inventory. On this context, it has nothing to do with insider buying and selling.
Adam Bain
Adam Bain owned a complete of 1.2 million Virgin Galactic shares as of June 2022, representing roughly 0.42% of the corporate’s whole excellent shares. He’s an unbiased director for Virgin Galactic. Bain can be a director of Social Capital Hedosophia Holdings Corp. (IPOF), which focuses on investments in know-how firms. Hedosophia Holdings is a Particular Objective Acquisition Firm (SPAC), also referred to as a “clean examine” firm.
Bain was previously the chief working officer (COO) of Twitter Inc. (TWTR), earlier than Elon Musk purchased the corporate and merged it into X Corp. Previous to that, he spent 13 years at Information Corp. (NWSA), the place he served as president of the Fox Viewers Community. Along with his board positions, he’s a member of the board of administrators of the web clothes market GOAT Group.
Michael A. Colglazier
Michael A. Colglazier owns a complete of 1,111,789 Virgin Galactic shares as of March 2023, representing 0.39% of the corporate’s whole excellent shares. Colglazier joined the corporate in 2020. He’s chief govt officer (CEO). His focus is on creating the corporate’s aerospace expertise and main the technique for constructing the corporate’s future fleet of spacecraft.
He labored at The Walt Disney Firm (DIS) for over three a long time earlier than becoming a member of Virgin Galactic. Whereas at Disney, he served as president and normal supervisor of Disney Parks Worldwide and previous to that was president of The Disneyland Resort in Southern California.
Michael Patrick Moses
Michael Patrick Moses owned a complete of 369,714 Virgin Galactic shares as of February 28, 2022, representing 0.10% of the corporate’s whole excellent shares. He’s the president of the area missions and security firm, chargeable for guaranteeing the security and success of Virgin Galactic’s area operations. This contains automobile processing for the VMS Eve and SpaceShipTwo spacecraft, flight planning, astronaut coaching and flight crew operations.
Moses joined the corporate after greater than a decade at NASA. He labored as NASA’s launch integration supervisor on the Kennedy House Middle in Florida from 2008 to 2011. He additionally served as chairman of the Mission Administration Staff, as flight director on the Johnson House Middle, and as flight controller at Shuttle Propulsion. and Electrical Programs Group.
High 3 Institutional Shareholders
Institutional buyers maintain roughly 35% of Virgin Galactic’s whole excellent shares.
Vanguard Group, Inc.
Vanguard Group owns 19.9 million shares of Virgin Galactic. This represented 7.13% of the whole variety of shares excellent as of December 30, 2022. The corporate is primarily a mutual fund and ETF administration firm with greater than $7 trillion in international belongings below administration (AUM). Considered one of Vanguard’s funds that owns shares of Virgin Galactic is the Vanguard Russell 1000 Progress ETF (VONG), which has a complete of $82.0 billion in belongings below administration. Virgin Galactic owns 0.02% of VONG.
black rock inc.
black rock inc. signifies that it’s “one of many world’s main suppliers of funding, advisory and danger administration options”. It owned 20,320,988 shares of Virgin Galactic Holdings Inc. as of March 31, 2023. Class A shares valued at $82,300,001. That is greater than 19.6 million shares on the finish of 2022. The worth of the shares as of that date was $85,957,779.
State Road Corp
State Road payments itself as an asset supervisor. It offers funding analysis, service and administration to institutional buyers. State Road Corp’s publicly disclosed possession of Virgin Galactic was 17,308,278 shares as of February 3, 2023. This accounts for six.3% possession with a complete worth of $60.23 million.
