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 (NYSE: SPCE) has secured a contract with researcher Kellie Gerardi from the International Institute for Astronautical Sciences (IIAS) for a dedicated research flight. The mission aims to conduct experiments on healthcare technologies in a weightless environment. Collaborating with academic and government partners, the flight will utilize Virgin Galactic's unique spaceflight system to overcome historical challenges in space research. Gerardi's past experience includes reduced gravity campaigns, and she will conduct bio-monitoring and fluid configuration experiments during the flight.
Virgin Galactic (NYSE: SPCE) completed its third spaceflight, marking the first human launch from Spaceport America, New Mexico. The VSS Unity spacecraft reached Mach 3 and an altitude of 55.45 miles. The flight also supported NASA's Flight Opportunities Program by carrying scientific research experiments. The company plans to review the test data and proceed to the next flight milestone. CEO Michael Colglazier praised the successful test, signifying a major step for both the company and human spaceflight in the state.
Virgin Galactic (NYSE: SPCE) announced the upcoming rocket-powered test flight of SpaceShipTwo Unity on May 22, contingent on weather and technical evaluations. This follows a thorough maintenance review of VMS Eve, the mothership aircraft. The flight will be piloted by two crew members and will carry research payloads for the NASA Flight Opportunities program, aiming to evaluate modifications made to reduce EMI levels experienced in previous flights. A comprehensive data review post-flight will guide future test flight strategies.
Virgin Galactic (NYSE: SPCE) reported its Q1 2021 financial results, revealing a net loss of $130 million, an improvement from a $377 million loss in Q1 2020. The company maintains a strong cash position with $617 million in cash and equivalents. Key developments include the unveiling of the VSS Imagine and several executive appointments. Despite ongoing COVID-19 impacts on operations, Virgin Galactic indicates solid momentum toward achieving its strategic objectives, enhancing its leadership team and extending partnerships.
Virgin Galactic (NYSE: SPCE) has rescheduled its Q1 2021 financial results announcement to May 10, 2021, after the SEC issued guidance affecting warrant accounting. This results in a restatement of its fiscal 2020 financial statements, primarily due to the treatment of warrants from its merger with Social Capital Hedosophia. The company does not expect this restatement to impact its Adjusted EBITDA or free cash flow. As of now, 2.7 million warrants are outstanding, and Virgin Galactic plans to launch its next rocket-powered spaceflight in May.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) is set to report its financial results for Q1 2021 after market close on May 4, 2021. A conference call to discuss these results will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the live webcast and replay through the Company's Investor Relations website.
The Company focuses on pioneering human spaceflight and developing advanced aerospace systems for private individuals and researchers.
Virgin Galactic has unveiled its first SpaceShip III, VSS Imagine, marking a significant stride in its fleet expansion and innovation in design. The new spaceship features a unique mirror-like livery that enhances thermal protection while appealing visually. VSS Imagine will undergo ground testing and glide flights from Spaceport America this summer. This initiative supports Virgin Galactic's goal of achieving 400 flights annually per spaceport. Additionally, the company continues to manufacture VSS Inspire, the second in the SpaceShip III class.
Virgin Galactic Holdings (SPCE) reported its fourth quarter and full year results for 2020, highlighting significant milestones achieved despite COVID-19 challenges. The company showed a strong cash position of $666 million and a net loss of $74 million, slightly improving from the previous quarter. Noteworthy developments include the completion of a second spaceship and plans for upcoming test flights, including a revenue-generating spaceflight with the Italian Air Force. Overall, the firm is focused on expanding its fleet and enhancing customer experiences in the space tourism sector.
Virgin Galactic (NYSE: SPCE) announces Doug Ahrens as the new Chief Financial Officer, effective March 1, 2021. Ahrens will replace Jon Campagna, who steps down after aiding the company's transition to a public entity. CEO Michael Colglazier emphasizes Ahrens' extensive experience in manufacturing, capital markets, and M&A as vital for the company's growth strategies. Ahrens previously served as CFO at Mellanox and GlobalLogic, bringing over 25 years of operational finance expertise. The company appears well-positioned for future growth, with a strong balance sheet left by Campagna.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) announced key leadership appointments, naming Swami Iyer as President of Aerospace Systems and Stephen Justice as Vice President of Engineering. Iyer, with over 20 years in the aerospace and defense sectors, will lead the development of the company’s vehicle fleet, starting in late March. Justice, who has four decades of experience at Lockheed Martin’s Skunk Works, will help grow the engineering team beginning March 1. CEO Michael Colglazier expressed excitement over these strategic moves to enhance the company's future growth opportunities in space travel.
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