5.26% SPCE stake with heavy call options drives premarket surge

 

13G filing reveals Rich Huang's 5.26% SPCE stake with heavy call options drives premarket surge

• Schedule 13G disclosed Friday shows RichRich Capital owns ~4.87M shares (4.62%) plus millions in call options.
• Rich Huang beneficially owns ~5.58M shares or 5.26% including personal and IRA call options.
• Significant options position signals bullish leveraged bet on Virgin Galactic's 2026 commercial flight timeline.
• Builds on recent catalysts: successful VSS Unity glide flights resumed May 27, Delta spaceship ground testing on track for Q3 2026 tests and Q4 commercial ops.
• Follows preliminary court approval of derivative lawsuit settlement on May 28, removing legal overhang.
• Retail traders amplified move amid broader space sector momentum tied to anticipated SpaceX IPO.
• Stock closed May 29 up ~36% at $6.18 before extending gains in June 1 premarket.

https://finviz.com/stock?t=SPCE&p=d