Virgin Galactic Holdings Inc Stock Price, News & Analysis

Virgin Galactic (NYSE: SPCE) reported Q1 2025 financial results, showing a cash position of $567 million and revenue of $0.5 million, down from $2.0 million in Q1 2024 due to paused flights. The company posted a net loss of $84 million, improved from $102 million year-over-year. Key developments include progress on new SpaceShips, with the first research spaceflight planned for summer 2026 followed by private astronaut flights in fall 2026. Future astronaut sales are expected to begin in Q1 2026. The company raised $31 million through stock issuance and is conducting a feasibility study for a potential second spaceport in Italy. For Q2 2025, Virgin Galactic expects free cash flow between $(105) million to $(115) million.

Virgin Galactic Holdings (NYSE: SPCE) has announced the approval of an inducement restricted stock unit award by its Board's Compensation Committee. The award consists of 34,862 shares of common stock granted to a new non-executive employee, effective May 15, 2025. The award, granted under the company's 2023 Employment Inducement Incentive Award Plan, will vest over three years: 33% after the first and second years, and 34% after the third year, contingent on continued employment. This grant complies with NYSE Listing Rule 303A.08 and serves as an inducement for the new employee joining Virgin Galactic.

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.