Virgin Galactic Holdings, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael A. Colglazier
- Full Time Employees
- 694
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 1700 Flight Way Tustin CA United States of America 92782
- IPO Date
- Sep 29, 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.
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