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Virgin Galactic Shakes Up Management. The Stock Is Soaring for Another Reason.


Virgin Galactic Shakes Up Management. The Stock Soars. | Barron’s

Space tourism startup

Virgin Galactic

has made changes at the top as it prepares to launch commercial space flight service later this year. The stock is taking off, but the management move probably isn’t the reason.

Thursday evening,

Virgin Galactic

(ticker: SPCE) said that as part of a so-called leadership update, Swami Iyer, president for aerospace systems, has left the company. He will serve as an advisor to CEO Michael Colglazier until Mar. 3.

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