Estimate the beta of the assets of Virgin Galactic Holdings (SPCE) for most recent fiscal year. At this point, the most recent fiscal year is 2019 for the most part but for some companies it can be 2020.

1. Use excel 2. Use yahoo finance (SPCE) - use only closing price - and match the dates to S&P 500 3. Market : use S&P 500 - use only closing price - and match the dates to SPCE 3. Use this table for equity value and assume debt beta is zero.

As of December 31, 2019 2018 (In thousands) Consolidated Balance Sheets Data: Cash and cash equivalents ... Other current assets Total current assets Total assets Total current liabilities Total liabilities Total equity $480,443 $ 73,990 56,228 45,107 536,671 119,097 $605,546 $156,039 $115,845 $ 106,322 $137,986 $114,480 $467,560 $ 41,559 As of December 31, 2019 2018 (In thousands) Consolidated Balance Sheets Data: Cash and cash equivalents ... Other current assets Total current assets Total assets Total current liabilities Total liabilities Total equity $480,443 $ 73,990 56,228 45,107 536,671 119,097 $605,546 $156,039 $115,845 $ 106,322 $137,986 $114,480 $467,560 $ 41,559