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Virgin Galactic Holdings Inc (SPCE) leads the commercial spaceflight industry with its innovative approach to human space travel and satellite deployment. This dedicated news hub provides investors and space enthusiasts with essential updates about the company's operational milestones, financial developments, and technological advancements.
Access authoritative information through curated press releases, earnings reports, and analysis of strategic partnerships. Track key updates including spaceflight program progress, regulatory developments, and manufacturing innovations that shape Virgin Galactic's position in the aerospace sector.
Our collection serves as a vital resource for monitoring the company's unique dual focus on space tourism experiences and small satellite launch capabilities. Stay informed about operational expansions at their commercial spaceport and advancements in reusable spacecraft technology.
Bookmark this page for streamlined access to verified information about SPCE's journey in democratizing space access. Regularly updated content ensures you maintain current awareness of this pioneering company's trajectory in the evolving space economy.
Virgin Galactic (NYSE: SPCE) has scheduled its Q1 2025 financial results announcement for Thursday, May 15, 2025, after U.S. markets close. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors can access both the live webcast and replay of the conference call through the company's Investor Relations website at investors.virgingalactic.com.
Virgin Galactic Holdings (NYSE: SPCE) announced that its Compensation Committee has approved an inducement restricted stock unit award for a new non-executive employee. The grant consists of 9,175 shares of Virgin Galactic common stock, effective April 15, 2025.
The award, granted under the company's 2023 Employment Inducement Incentive Award Plan, follows a four-year vesting schedule: 25% of shares vest after the first year, with the remaining 75% vesting over the subsequent 12 quarters, contingent on continued employment. This equity award serves as an inducement for the new employee's employment agreement, complying with NYSE Listing Rule 303A.08.
Virgin Galactic (NYSE: SPCE) has announced its Q4 and full year 2024 financial results. The company plans its first spaceflight with the new Delta SpaceShip carrying research payloads in summer 2026, followed by private astronaut spaceflights in fall 2026. Assembly of the first SpaceShip begins March 2025.
Financial highlights include:
- Cash position of $657 million as of December 31, 2024
- Q4 revenue declined to $0.4 million from $2.8 million YoY
- Q4 net loss improved to $76 million from $104 million YoY
- Full year 2024 revenue remained flat at $7 million
- Full year net loss improved to $347 million from $502 million in 2023
The company raised $138 million through stock issuance and expects Q1 2025 free cash flow between $(115) million to $(125) million. A contract with Redwire was executed for next-generation SpaceShip research payload lockers, and work advances on a potential second spaceport study with Italy's aviation authority.
Virgin Galactic (NYSE: SPCE) has announced it will release its fourth quarter and full year 2024 financial results after U.S. markets close on Wednesday, February 26, 2025. The company will hold a conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Investors can access both the live webcast and replay of the conference call through the company's Investor Relations website at investors.virgingalactic.com.
Virgin Galactic (NYSE: SPCE) has partnered with Redwire (NYSE: RDW) to manufacture research payload lockers for Virgin Galactic's new Delta-Class spaceships. The collaboration aims to enhance microgravity research capabilities with state-of-the-art 'plug-and-play' lockers that provide real-time data during spaceflight.
Redwire, experienced in developing biotech and industrial-manufacturing technologies for microgravity environments, has created 20 research facilities for crewed spacecraft, with 10 currently on the International Space Station. Each Delta-Class spaceship will accommodate five payload racks, hosting up to 20 lockers total, supporting both autonomous and human-tended research.
The first Delta-Class spaceships are scheduled to begin commercial service in 2026. Virgin Galactic has already conducted seven research missions, featuring experiments in biology, autonomous systems, medical devices, combustion studies, and physical sciences.
Virgin Galactic (NYSE: SPCE) has announced that its Board's Compensation Committee has approved inducement restricted stock unit awards for two new non-executive employees. The grants, totaling 4,259 shares of common stock, were made under the company's 2023 Employment Inducement Incentive Award Plan, effective December 15, 2024. The vesting schedule spans four years, with 25% of shares vesting after the first year and the remaining 75% vesting quarterly over the following three years, contingent on continued employment. These awards were granted in accordance with NYSE Listing Rule 303A.08 as employment incentives.
Virgin Galactic (NYSE: SPCE) and Italy's civil aviation authority (ENAC) have signed an Agreement of Cooperation to study the feasibility of conducting spaceflight operations from Grottaglie Spaceport in Southern Italy. The study, with phase one expected to complete in 2025, will evaluate technical requirements, airspace compatibility, and regulatory alignment for suborbital spaceflight operations.
The initiative follows the successful Italian Air Force mission aboard Virgin Galactic's 'Galactic 01' in June 2023. Grottaglie Spaceport, designated as the first horizontal spaceport in the European Union, has received €70 million in funding from the Puglia region and Italian government for infrastructure development. The project aims to establish a center of excellence for commercial suborbital transportation in the Mediterranean basin.
Virgin Galactic Holdings (NYSE: SPCE) has announced an 'at the market' equity program to sell up to $300 million worth of common stock shares through Jefferies The company plans to use the proceeds to accelerate the development of its next-generation spaceflight fleet, including an additional mothership and third and fourth Delta Class spaceships. The funds may also support general corporate purposes, working capital, and administrative matters. Sales will be conducted at prevailing market prices through various methods, including ordinary brokers' transactions and national securities exchanges.
Virgin Galactic Holdings (NYSE: SPCE) announced its Q3 2024 financial results. The company reported revenue of $0.4 million, down from $1.7 million in Q3 2023, due to a pause in commercial spaceflights. Operating expenses decreased to $82 million (GAAP) and $70 million (Non-GAAP), compared to $116 million and $102 million, respectively, in Q3 2023. The net loss improved to $75 million from $105 million in the previous year, driven by lower expenses. Adjusted EBITDA was $(59) million, better than $(87) million in Q3 2023. The company had a cash position of $744 million as of September 30, 2024. Virgin Galactic raised $37 million through stock issuance. The Delta Class spaceship production is on track for 2026, with initial flight-control testing completed and staffing ramp-up at the Spaceship Factory in Phoenix-Mesa, AZ.
Virgin Galactic (NYSE: SPCE) has scheduled its third quarter 2024 financial results announcement for Wednesday, November 6, 2024, after U.S. markets close. The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investors can access the live webcast and replay through the company's Investor Relations website.
