Welcome to our dedicated page for Virgin Galactic Holdings news (Ticker: SPCE), a resource for investors and traders seeking the latest updates and insights on Virgin Galactic Holdings stock.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) is publicly described as an aerospace and space travel company focused on human-first spaceflight for private individuals, researchers, and governments. The SPCE news feed on Stock Titan aggregates company-issued updates and regulatory disclosures that illustrate how Virgin Galactic is progressing through its development and commercialization plans.
News about Virgin Galactic frequently includes quarterly financial results and business updates, where the company reports its operating expenses, cash position, and non-GAAP metrics such as Adjusted EBITDA and free cash flow. These releases often highlight progress on new SpaceShips across rocket systems, avionics, flight controls, mechanical systems, and structures, as well as the company’s plans for commercial spaceflight service and research missions.
Investors and followers of SPCE can also expect capital markets and financing announcements, such as agreements to repurchase portions of its convertible senior notes, the issuance of 9.80% First Lien Notes due 2028, and the use of at-the-market equity programs. In addition, Virgin Galactic issues news on collaborations and research partnerships, including a feasibility study with Lawrence Livermore National Laboratory to explore using the company’s launch vehicles for high-altitude, long-endurance, heavy-lift missions with advanced sensing technologies.
Other recurring news items include inducement equity awards under NYSE Listing Rule 303A.08, updates on feasibility work for a potential second spaceport in Italy, and conference call announcements for upcoming earnings releases. For anyone tracking SPCE stock, this news page offers a centralized view of how Virgin Galactic communicates its operational milestones, financial developments, and strategic initiatives through official press releases and related disclosures.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) has announced it will report its financial results for the first quarter of 2022 on May 5, 2022, after U.S. market close. A conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. The call will be accessible via a live webcast on the Company's Investor Relations website. Virgin Galactic is focused on pioneering human spaceflight for private individuals and researchers, creating advanced air and space vehicles.
Virgin Galactic (NYSE: SPCE) has appointed veteran pilot Kelly Latimer as the new Director of Flight Test, overseeing the flight test program crucial for the company's commercial service launch. Latimer, who joined Virgin Galactic in 2015, has extensive experience, including piloting missions and managing flight data analysis. In her new role, she will lead test programs for the current spaceship fleet and future vehicle development. This strategic move aims to enhance operational safety and efficiency in the evolving aerospace market.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) reported its Q4 and full-year 2021 results, highlighting strong cash reserves of approximately $931 million. The company remains on track to launch commercial service in Q4 2022 and has opened ticket sales at $450,000 for private astronauts. Key milestones include the completion of fully crewed spaceflights and FAA approval for commercial launches. Despite a net loss of $81 million, reduced from $104 million year-over-year, the company is enhancing its fleet and expanding operations.
Virgin Galactic Holdings (NYSE: SPCE) announced the immediate departure of Chamath Palihapitiya from its Board of Directors to focus on other commitments. Evan Lovell, a board member since 2017 and Chief Investment Officer of Virgin Group, has been appointed as Interim Chairman. Palihapitiya, who joined the board in 2019, played a crucial role in the company’s public launch and growth. The board has engaged Spencer Stuart for the search for a new chairperson. CEO Michael Colglazier expressed gratitude for Palihapitiya's contributions during a pivotal period for Virgin Galactic.
Virgin Galactic (NYSE: SPCE) has announced that ticket sales for commercial spaceflights will open to the public on February 16. Customers can secure one of the initial reservations and join the Future Astronaut community. The total price for a spaceflight reservation is $450,000, requiring an initial deposit of $150,000. CEO Michael Colglazier stated they aim to have their first 1,000 customers onboard for commercial service later this year. The company has also launched a new brand identity to enhance its commercial operations.
Virgin Galactic Holdings (NYSE: SPCE) has appointed Blair Rich as President and Chief Business Officer for Commercial and Consumer Operations, overseeing the company’s commercial strategy ahead of its anticipated commercial service launch. Rich, with over 20 years of marketing experience including a tenure at Warner Bros., will lead sales, marketing, and customer experience. Her previous work includes successful campaigns for high-profile films. The company aims to create transformative experiences for customers traveling to space, positioning Rich’s leadership as crucial for success in 2023.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) will announce its financial results for the fourth quarter and full year 2021 on February 22, 2022, after U.S. market close. The company will hold a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. A live webcast and replay will be accessible on the company's Investor Relations website. Virgin Galactic focuses on pioneering human spaceflight for private individuals and researchers and is developing advanced air and space vehicles.
Virgin Galactic Holdings (NYSE: SPCE) announced the pricing of $425 million of 2.50% convertible senior notes due 2027, set to close on January 19, 2022. The notes will mature on February 1, 2027, with interest paid semi-annually. Virgin Galactic estimates net proceeds of approximately $413.7 million for working capital and capital expenditures to accelerate spacecraft development. An additional $75 million may be purchased by initial buyers. The initial conversion price is about $12.79 per share, reflecting a premium over recent stock prices.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) plans to offer up to $425 million in convertible senior notes due in 2027, with an option for initial purchasers to buy an additional $75 million. The notes will be unsecured and accrue interest payable semi-annually starting August 1, 2022. Proceeds from the offering will fund working capital, administrative expenses, and capital expenditures for spacecraft development. The company expects to enter capped call transactions to mitigate dilution risks from note conversions. The offering is exempt from registration under the Securities Act.
Virgin Galactic Holdings (NYSE: SPCE) reported third quarter 2021 results, highlighting strong demand for its commercial space travel service, with approximately 700 of the 1,000 targeted reservations sold at a price of $450,000 per seat. The company is on track to commence private astronaut services in Q4 2022 and has initiated a fleet enhancement program to boost vehicle reliability. Financially, Virgin Galactic maintains a robust cash position of $1 billion, though it recorded a net loss of $48 million, an improvement from a $92 million loss the previous year.