Virgin Galactic Holdings, Inc.
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in mil. unless spec.Company Description
- CEO
- Michael A. Colglazier
- Full Time Employees
- 694
- Sector
- Electronic technology
- Industry
- Aerospace & defense
- Address
- 1700 Flight Way Tustin CA United States 92782
- IPO Date
- Sep 18, 2017
- CIK
- 0001706946
- Website
- virgingalactic.com
- Similar Companies
- Business
- Virgin Galactic Holdings, Inc. (NYSE: SPCE) operates as an aerospace and space travel company that develops, manufactures, and operates suborbital spaceships and related technologies for private individuals, researchers, and government agencies; its core offerings include commercial suborbital spaceflights providing transformative passenger experiences aboard reusable spacecraft such as the retired VSS Unity and the forthcoming Delta-class spaceships, which support up to eight passengers per flight with bi-weekly operations capability; research missions for scientific payloads and experiments; and potential high-altitude carrier aircraft applications for government missions including airborne testing, surveillance, and missile defense initiatives. The company conducts design, ground and flight testing, spaceflight operations, and post-flight maintenance of its air-launched systems, utilizing a mothership like White Knight Two to release spacecraft at approximately 45,000 feet for hybrid rocket-powered ascent to the edge of space. Founded in 2004 by Sir Richard Branson and headquartered in Tustin, California, with primary operations at Spaceport America in New Mexico and final assembly facilities near Phoenix, Arizona, Virgin Galactic targets global customers including high-net-worth tourists, academic institutions, and defense entities, while exploring expansions such as a second spaceport in Italy. In recent developments, the company retired its VSS Unity after its final commercial flight in June 2024 to focus resources on the next-generation Delta fleet, with production milestones in 2025 including completion of wing assemblies, fuselage fabrication, feather system upgrades for higher flight rates, and qualification testing of critical components like pneumatic valves and fuel tanks rated for over 500 flights; it anticipates the first Delta research flight in summer 2026 followed by private astronaut missions in autumn 2026, enabling up to 125 flights annually per vehicle or twelve times the capacity of prior models. Virgin Galactic secured new research contracts such as the Purdue 1 all-Boilermaker crew mission planned for 2027 and a partnership with Redwire to enhance Delta spaceship research capabilities; raised approximately $86 million through at-the-market equity offerings in early 2025 and launched a $300 million stock offering to fund fleet expansion; initiated feasibility studies with entities like Lawrence Livermore National Laboratory and the Department of Defense for carrier aircraft adaptations; and reported third-quarter 2025 revenue of $0.4 million from future astronaut fees amid a strategic pause in flights and cost rationalization efforts.
Company News
Virgin Galactic Reports Q3 Earnings Thursday: Here's What Investors Need To Know
Virgin Galactic: Expecting Big Post-Earnings Volatility, Q3 Cash Burn In Focus
Can Virgin Galactic Come Back From the Dead? (Or Is This Stock Just Dead Money?
Virgin Galactic (SPCE) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Virgin Galactic Set to Fly Three Dedicated Spaceflight Charters With Space for Humanity
Virgin Galactic Announces Date of Third Quarter 2026 Financial Results and Conference Call
Virgin Galactic's Spaceship Apeiron Arrives Home to Spaceport America
Virgin Galactic Unveils Spaceship Apeiron
Virgin Galactic Sets October 28 for Lead Delta Class Spaceship's Arrival at Spaceport America, Marking Start of Flight Test Preparations
Richard Branson's Virgin Galactic Reopened Ticket Sales at $750,000 a Seat in 2026, Up From the $600,000 It Charged for 700 Previously Sold Seats. Is SPCE Stock's Pricing Power Finally Catching Up to Its Cash Burn?
Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
Virgin Galactic and the Air Force Research Laboratory Enter Agreement to Advance Space Weather Science
SpaceX Drops 4% on Agreement to Testify in New York City AI Safety Probe; Intuitive Machines Sinks 6%, Virgin Galactic Holdings Slips
Intuitive Machines vs. Virgin Galactic: Which Has More Potential?
Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing
Virgin Galactic Receives Final Approval by the Court to Settle Derivative Claims With No Findings of Wrongdoing
Can Space Stocks Bounce Back? This $1 Billion Air Force Contract Might Help.
Virgin Galactic: Watching The Runway, Not The Stars (Rating Upgrade)
SPCE Q2 Earnings Call Flags Delay but Strong Ticket Demand
Intuitive Machines and Virgin Galactic Jump 10% While Rocket Lab, AST SpaceMobile Sit Out the Space Stock Rally