BlackRock Discloses Passive Stake in Virgin Galactic (SC 13G)
Ticker: SPCE · Form: SC 13G · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock's in Virgin Galactic, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 26, 2024, disclosing its ownership of Class A Common Stock in Virgin Galactic Holdings, Inc. as of December 31, 2023. This filing indicates that BlackRock holds a significant, passive stake in the space tourism company. For investors, this signals that a large institutional player sees value in Virgin Galactic, potentially lending credibility and stability to the stock.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a significant position in Virgin Galactic, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This filing is a routine disclosure by a large institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
Investors should note that a major institutional investor like BlackRock holds a position, which could be a positive signal, but should still conduct their own due diligence on Virgin Galactic's fundamentals and future prospects.
Key Players & Entities
- BlackRock Inc. (company) — the filer disclosing its ownership
- Virgin Galactic Holdings, Inc. (company) — the subject company whose shares are being reported
- Class A Common Stock (company) — the type of securities owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in Virgin Galactic for the foreseeable future. (BlackRock Inc.) — medium confidence, target: 2025-12-31
FAQ
What type of filing is this and who filed it?
This is an SC 13G filing, filed by BlackRock Inc. regarding its ownership in Virgin Galactic Holdings, Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Virgin Galactic Holdings, Inc. is 92766K106.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b).
What is the business address of the subject company, Virgin Galactic Holdings, Inc.?
The business address for Virgin Galactic Holdings, Inc. is 1700 FLIGHT WAY, TUSTIN, CA 92782.
From the Filing
EDGAR Filing Documents for 0001086364-24-004395 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-004395 Filing Date 2024-01-26 Accepted 2024-01-26 11:49:46 Documents 1 Document Format Files Seq Description Document Type Size 1 us92766k1060_012624.txt SC 13G 11844 Complete submission text file 0001086364-24-004395.txt 13822 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 1700 FLIGHT WAY TUSTIN CA 92782 Business Address 1700 FLIGHT WAY TUSTIN CA 92782 (575) 424-2100 Virgin Galactic Holdings, Inc (Subject) CIK : 0001706946 (see all company filings) EIN. : 853608069 | Fiscal Year End: 1231 Type: SC 13G | Act: 34 | File No.: 005-90109 | Film No.: 24565912 SIC : 4700 Transportation Services (CF Office: 01 Energy & Transportation)