Every 8-K that Virgin Galactic Holdings, Inc. (SPCE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SPCE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPCE filings page.
Virgin Galactic Holdings, Inc. announced that the U.S. District Court for the Eastern District of New York issued an order on August 14, 2026 granting final approval of a settlement resolving all claims in two consolidated shareholder derivative actions. Under the settlement, the Company’s insurers will pay $2.75 million to Virgin Galactic; the Company will retain half of this amount and the remainder will be paid to plaintiffs’ counsel for attorneys’ fees and costs. All claims in these actions, and all other claims related to the allegations in these actions, have been fully released, and there was no finding of wrongdoing by the Company or any of its directors or officers.
Virgin Galactic Holdings, Inc. reported second quarter 2026 results and an operational update. Cash, cash equivalents and marketable securities totaled $286 million as of June 30, 2026. The company generated $134 million in gross proceeds via an at-the-market equity program and reduced debt, including a $40.5 million principal reduction on notes due 2028 and a $52.5 million reduction on notes due 2027.
Revenue was $0.1 million, down from $0.4 million a year earlier, primarily from access fees. GAAP operating expenses declined to $65.1 million from $70.3 million, and net loss narrowed to $55.9 million from $67.3 million. Free cash flow improved to $(90.7) million from $(113.8) million. The latest tranche of spaceflight expeditions at a $750,000 price point was oversubscribed, adding over $50 million to expected future spaceflight revenue.
The first commercial spaceflight for the company’s first ship is now expected in February 2027, later than the prior fourth quarter 2026 timing. Management expects to begin the flight test phase in October 2026, start rocket production in the fourth quarter of 2026, and deliver positive quarterly cash flow within 2027. Guidance calls for free cash flow between $(95) million and $(100) million in the third quarter of 2026, improving to $(80) million to $(90) million in the fourth quarter.
Virgin Galactic Holdings, Inc. amended a prior report to confirm it has closed a privately negotiated exchange of part of its 2.50% Convertible Senior Notes due 2027. The company exchanged $52,479,000 in principal plus accrued interest for 17,350,341 shares of common stock and pre-funded warrants.
This transaction reduces the outstanding 2027 notes by approximately 75%, from $70.4 million to $17.9 million in aggregate principal, which helps manage liquidity and strengthen the balance sheet as the company prepares for planned commercial operations in the fourth quarter of 2026. The securities were issued in a private, unregistered offering to qualified institutional buyers and institutional accredited investors under Section 4(a)(2) of the Securities Act.
Virgin Galactic Holdings, Inc. entered a privately negotiated agreement to exchange approximately $52.5 million of its 2.50% Convertible Senior Notes due 2027 for common stock and pre-funded warrants. This is intended to improve liquidity, manage cash, and strengthen the balance sheet ahead of planned commercial operations in the fourth quarter of 2026.
After the exchange, the outstanding principal on the 2027 notes will drop by about 75%, from $70.4 million to $17.9 million. The number of shares and pre-funded warrants issued will be based on the five-day volume-weighted average price of the stock from June 22, 2026, with a price floor of $3.03 and a cap of $4.09. The securities will be issued in a private placement to qualified institutional buyers and institutional accredited investors under an exemption from Securities Act registration.
Virgin Galactic Holdings, Inc. reported results of its 2026 Annual Meeting of Stockholders and approval of an updated equity incentive plan. Stockholders approved the Fourth Amended and Restated 2019 Incentive Award Plan, adding 9,450,000 shares so a total of 17,120,437 shares are reserved for issuance and for incentive stock options. The plan also extends the period to grant awards through June 11, 2036, with incentive stock options not granted after April 14, 2036. All director nominees were elected, Ernst & Young LLP was ratified as independent auditor for 2026, executive compensation was approved on an advisory basis, and stockholders indicated a preference for an annual advisory vote on executive pay.
Virgin Galactic Holdings, Inc. redeemed $30,524,000 in principal of its 9.80% First Lien Notes due 2028 by issuing 6,734,960 shares of common stock to noteholders. The share count was based on the volume-weighted average price over a five-day period under the indenture.
After this transaction, approximately $172 million in First Lien Notes remained outstanding, and no principal payment is due on these notes until March 31, 2028. The company describes this as part of a broader capital and cash management strategy to improve liquidity and prepare for planned commercial operations in the fourth quarter of 2026.
Virgin Galactic Holdings, Inc. plans to redeem up to $30,523,315 of its 9.80% First Lien Notes due December 31, 2028 on June 10, 2026. The redemption covers the remaining $20,392,486 Mandatory Redemption Amount due by September 30, 2026 and at least $10,130,829 otherwise due by December 31, 2027.
The redemption price will be paid in shares of common stock, with the amount of notes retired and shares issued based on the five-day volume-weighted average share price before the Redemption Date, subject to a floor price condition that can reduce the amount redeemed. If fully executed, no principal payments on these notes will be required until March 31, 2028, which the company views as supporting liquidity and lowering ongoing cash interest as it prepares for commercial operations targeted for the fourth quarter of 2026.
Virgin Galactic Holdings, Inc. redeemed $10,000,000 of its 9.80% First Lien Notes due 2028 by issuing 3,768,536 shares of common stock to noteholders on May 18, 2026. The redemption price equaled 100% of the principal redeemed, plus accrued and unpaid interest.
After this transaction, $202.5 million in aggregate principal amount of these First Lien Notes remained outstanding. The company describes this partial redemption as part of a broader capital management and cash preservation strategy intended to reduce ongoing cash interest obligations and enhance financial flexibility as it prepares for commercial operation in the fourth quarter of 2026.
Virgin Galactic reported first quarter 2026 results, remaining in its pre‑revenue phase while narrowing losses and cash burn as it prepares for commercial spaceflights. Revenue was $0.2 million, mainly from access fees, versus $0.5 million a year earlier.
GAAP operating expenses fell to $66 million from $89 million, driving an improved net loss of $65 million compared with $84 million in 2025. Adjusted EBITDA was $(55) million versus $(72) million. Free cash flow improved to $(93) million from $(122) million.
Cash, cash equivalents and marketable securities totaled $251 million as of March 31, 2026. The company raised $11 million by issuing 4.0 million shares via its at‑the‑market program in Q1 and about $52 million more in April, and it offered to redeem $10 million of 2026 debt using stock. Management reiterated plans to begin flight testing in Q3 2026 and first commercial spaceflight in Q4 2026, and guided Q2 2026 free cash flow to between $(87) million and $(92) million.
Virgin Galactic Holdings, Inc. has issued a notice to redeem up to $10,000,000 of its 9.80% First Lien Notes due 2028 on May 18, 2026. The company will pay the redemption price by issuing shares of common stock, with the amount of notes redeemed and shares issued based on the volume-weighted average price of its stock over a ten-day observation period specified in the Indenture.
If the stock’s volume-weighted average price on any observation day is below a floor price set in the Indenture, the related portion of notes will not be redeemed, so the total principal redeemed may be less than $10,000,000. The company is required to redeem $30,392,486 in aggregate principal amount of the First Lien Notes by September 30, 2026, and this transaction will reduce that mandatory amount. Management frames this stock-settled partial redemption as part of a broader capital management and cash preservation strategy aimed at lowering future cash interest on the notes due December 31, 2028 and supporting preparations for planned commercial operation in the fourth quarter of 2026.
Virgin Galactic Holdings, Inc. entered into a supplemental indenture on April 24, 2026 for its existing 9.80% First Lien Notes due 2028. The amendment, executed with subsidiary guarantors and Wilmington Savings Fund Society, FSB as trustee and notes collateral agent, is described as technical and designed to provide the Company greater flexibility in redeeming these notes.
The changes do not alter the redemption price or the Company’s payment obligations under the original December 18, 2025 indenture. The full supplemental indenture is filed as Exhibit 4.1 and incorporated by reference.
Virgin Galactic Holdings, Inc. updated employment agreements for its Chief Financial Officer and Treasurer, Douglas Ahrens, and its Chief People Officer and Executive Vice President, Astronaut Operations, Aparna Chitale, effective April 21, 2026.
Under the amendments, each executive will receive any earned but unpaid annual bonus for the year prior to a qualifying termination. If a qualifying termination occurs on or within 24 months after a change in control, Mr. Ahrens’ cash severance multiplier increases from 1.0 to 1.5, and Company-subsidized healthcare coverage for both executives extends from 12 to 18 months. A qualifying termination generally means a termination by the Company without cause or by the executive for good reason, as defined in their agreements.
Virgin Galactic Holdings, Inc. has begun soliciting consents from holders of its 9.80% First Lien Notes due 2028. The company is asking noteholders to approve a technical supplemental indenture that is designed to give Virgin Galactic more flexibility when redeeming these notes. The amendments are described as limited in scope and do not change the redemption price or the company’s payment obligations under the existing indenture.
Virgin Galactic Holdings, Inc. reported a planned change to its Board of Directors. Luigi Brambilla informed the company on April 13, 2026 that he will not stand for re-election at the 2026 Annual Meeting of Stockholders, citing personal reasons and no disagreement with the company.
Under a Stockholders’ Agreement, Virgin Investments Limited currently has the right to designate two director nominees at the 2026 meeting. On April 14, 2026, Virgin Investments Limited designated Allison Belzberg, Director, Investment and Commercial of Virgin Management USA, Inc., for nomination to the Board. Further details about her background will appear in the company’s definitive proxy statement.
Virgin Galactic Holdings reported wider-than-reported operating progress but continued heavy losses for the fourth quarter and full year 2025 while advancing its next-generation fleet. For Q4 2025, revenue was only $0.3 million, largely from access fees, and the company posted a net loss of $63 million and free cash flow of $(95) million, both improved versus 2024 due to lower operating expenses.
For full year 2025, revenue fell to $2 million from $7 million as commercial flights were paused to focus on building new SpaceShips. The net loss narrowed to $279 million and free cash flow to $(438) million as operating costs declined. Cash, cash equivalents and marketable securities totaled $338 million as of December 31, 2025, supported by $122 million of equity raised through at-the-market programs and other offerings.
The company opened sales for limited Virgin Galactic Spaceflight Expeditions, each priced at $750,000, and targets commercial operations with its first new SpaceShip in Q4 2026, with a second entering service between late Q4 2026 and early Q1 2027. Management expects Q1 2026 free cash flow between $(90) million and $(95) million, with sequential improvement over the remainder of 2026.
Virgin Galactic Holdings, Inc. has overhauled its capital structure by repurchasing approximately $354.6 million of its 2.50% convertible senior notes due 2027, cutting the outstanding amount to about $70.4 million. The company funded this mainly through a mix of equity and new debt: a registered direct sale of roughly 2.2 million common shares and pre-funded warrants for about 8.4 million shares, plus a concurrent private placement of about $212.5 million of new 9.80% first lien notes due 2028 and warrants to buy roughly 31.7 million shares at $6.696 per share. The new notes are secured by first-priority liens on substantially all company and subsidiary assets, pay 9.80% interest, mature in 2028, and include mandatory quarterly redemptions and customary covenants and events of default.
Virgin Galactic Holdings, Inc. is overhauling its capital structure through linked debt and equity transactions. The company agreed to repurchase approximately $354.6 million in principal of its 2.50% convertible senior notes due 2027 using cash from a registered direct equity offering and a new private placement of debt and warrants. It plans to raise about $45.6 million by selling common shares and pre-funded warrants in a registered offering, with a maximum of 10.6 million shares of common stock and shares underlying pre-funded warrants, priced off a volume-weighted average price and a defined minimum price. In a concurrent private placement, Virgin Galactic will issue about $202.6 million of 9.80% First Lien Notes due 2028 and warrants to buy up to roughly 30.3 million shares. After these transactions, the outstanding principal on the existing convertible notes is expected to fall from $425.0 million to about $70.4 million. Closing is scheduled for December 18, 2025, subject to customary conditions.
Virgin Galactic Holdings, Inc. furnished an 8-K announcing it issued a press release with financial and other results for the fiscal quarter ended September 30, 2025. The press release is included as Exhibit 99.1 and incorporated by reference.
The company states the information furnished (including Exhibit 99.1) is not deemed “filed” under Section 18 of the Exchange Act and is not subject to its liabilities, except as expressly incorporated by reference.
Virgin Galactic Holdings, Inc. updated its corporate bylaws effective August 28, 2025. The Board of Directors approved amendments that change how most stockholder votes are counted and tighten rules around how investors can nominate directors and bring other business to meetings.
For matters other than director elections, the standard is now a majority of votes cast, excluding abstentions and broker non-votes, unless other governing documents or laws require a different approach. The revisions also address the SEC’s universal proxy rules by requiring anyone soliciting proxies for alternative director nominees to comply with Rule 14a-19 notice and solicitation requirements.
The amendments add new disclosure and procedural requirements for stockholder nominations and proposals, limit the number of director candidates a stockholder may nominate to the number of seats up for election, and require soliciting stockholders to use a proxy card color other than white. The bylaws now also specify that U.S. federal district courts are the exclusive forum for claims under the Securities Act of 1933, unless the company agrees otherwise.