Welcome to our dedicated page for Virgin Galactic Holdings SEC filings (Ticker: SPCE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Virgin Galactic Holdings, Inc. filings document the company's public-company reporting as a Delaware aerospace and space travel issuer with common stock listed on the New York Stock Exchange under SPCE. Its 8-K reports and earnings exhibits disclose operating results, business updates for SpaceShips and the launch vehicle, future-astronaut access fees, customer deposits, and capital used to fund commercial spaceline development.
The filing record also covers material agreements and capital-structure actions, including 9.80% First Lien Notes due 2028, repurchases of 2.50% convertible senior notes due 2027, registered direct equity offerings, pre-funded warrants, and common stock issuance programs. Proxy and governance filings address director nominations, stockholder voting matters, executive compensation, employment agreement amendments, board-designation rights, and related governance disclosures.
Virgin Galactic Holdings, Inc. CEO and President Michael Colglazier, who is also a director, reported routine equity award activity. On 12/30/2025, 2,272 restricted stock units were converted into common stock at an exercise price of $0. On the same date, the issuer withheld 1,224 and 797 common shares at $3.15 per share to cover tax obligations tied to RSU vesting from grants made on March 17, 2022 and March 16, 2023.
After these transactions, Colglazier beneficially owned 33,792 common shares directly, plus indirect holdings of 15,892 shares in a family revocable trust and 1,692 shares in each of two family trusts for his sons. He also held 11,364 unvested RSUs from the March 16, 2023 grant, which convert into common stock on a one-for-one basis and vest 25% on March 16, 2024 with the remaining 75% in 12 quarterly installments beginning June 16, 2024, subject to continued service.
Virgin Galactic Holdings, Inc. CFO reports equity transactions under Form 4. Chief Financial Officer Douglas T. Ahrens reported activity in Virgin Galactic common stock on 12/30/2025 related to previously granted restricted stock units (RSUs). He acquired 1,376 shares of common stock at $0 upon the vesting and conversion of RSUs, and the company withheld 741 shares and 458 shares at a price of $3.15 per share to satisfy tax withholding obligations on RSUs granted on March 16, 2023 and March 16, 2022, respectively. After these transactions, he directly owned 24,617 shares of common stock and held 6,884 unvested RSUs from the March 16, 2023 grant, which continue to vest in scheduled quarterly installments.
Virgin Galactic Holdings reported an insider equity transaction by its CPO & EVP, Customer Operations. On 12/30/2025, 525 restricted stock units were converted into common stock at an exercise price of $0. On the same date, the company withheld 283 shares from RSUs granted on March 16, 2023 and 153 shares from RSUs granted on March 16, 2022 to cover the reporting person’s tax obligations at a price of $3.15 per share. After these transactions, the officer directly held 8,876 shares of common stock and 2,622 unvested restricted stock units from the March 16, 2023 grant, which vest over a scheduled quarterly timetable.
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. executive Sarah E. Kim reported a routine equity transaction involving a small number of shares. On December 16, 2025, 42 shares of common stock were withheld by the company at a price of $3.02 per share to cover her tax withholding obligation when restricted stock units granted on December 5, 2022 vested. After this tax-related withholding, she beneficially owns 7,025 shares of Virgin Galactic common stock directly.
Virgin Galactic Holdings, Inc. is registering up to $45,588,728.57 of common stock for issuance and sale through its existing at-the-market equity program with Jefferies LLC. This restores capacity that was previously reduced on an earlier shelf registration to make room for a registered direct offering tied to convertible senior note refinancing, keeping the at-the-market program’s total potential offering size at $300,000,000.
Under an Open Market Sale Agreement, Jefferies may sell Virgin Galactic common stock on the New York Stock Exchange as an “at the market offering,” receiving up to 3.0% of gross sales as commission. Virgin Galactic intends to use any net proceeds primarily to accelerate development and production of its next-generation spaceflight fleet, including an additional mothership and third and fourth Delta Class spaceships, and for general corporate purposes such as working capital, administrative needs, potential debt repayment and strategic investments.
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 is raising approximately $45.6 million in a registered direct offering of common stock, pre-funded warrants, and the shares issuable upon warrant exercise. The aggregate offering price of the common stock and pre-funded warrants is $45,588,728.57, with pricing based on a volume-weighted average price and a Minimum Price framework, including a Minimum Price of $4.32 per share. Pre-funded warrants carry a de minimis exercise price of $0.0001 per share, are exercisable starting six business days after issuance, and are subject to ownership caps generally set at 4.9%, with an option to increase up to 9.9%.
Concurrently, the company plans a private placement of 9.80% first lien notes due 2028 and additional purchase warrants, and has arranged cash repurchases of a portion of its 2.50% Convertible Senior Notes due 2027. Net proceeds from the registered offering, together with any proceeds from the new notes and purchase warrants, are intended primarily to fund these note repurchases and related costs. The filing highlights risks around potential dilution, higher secured leverage and restrictive covenants, lack of a trading market for the pre-funded warrants, and the possibility that one or more of the interconnected transactions may not close as anticipated.
Virgin Galactic Holdings, Inc. is updating its at-the-market stock offering, now covering up to $254,411,271.43 of common stock under its existing Sales Agreement with Jefferies. This reduces the prior capacity of $300,000,000 while keeping the Sales Agreement itself unchanged. From November 6, 2024 through this supplement date, the company has already sold 34,142,965 shares for gross proceeds of $138,259,285.16, leaving $116,151,986.27 available under the supplemented prospectus. The company also plans to file a new registration statement for an additional $45,588,728.57 that may be sold under the same Sales Agreement.
Virgin Galactic plans to use net proceeds to accelerate development and production of its next-generation spaceflight fleet, including an additional mothership and third and fourth Delta Class spaceships, and for general corporate purposes such as working capital and potential debt repayment. Shares may be sold from time to time on the NYSE, where the stock trades under the symbol SPCE and last closed at $4.55 on December 8, 2025. Jefferies will act as sales agent on a best-efforts basis for a commission of up to 3.0% of the gross sales price.
Virgin Galactic (SPCE) reported Q3 2025 results with a narrower loss and continued development spending. Revenue was $365 thousand, and net loss was $64.4 million, or $1.09 per share. Operating loss was $66.2 million as expenses trended lower year over year.
Liquidity comprised cash, cash equivalents and restricted cash of $158.8 million and marketable securities of $264.8 million as of September 30, 2025. The company continued using its 2024 at‑the‑market program, selling 30.0 million shares for $109.2 million in gross proceeds during the nine-month period; cumulatively, 34.1 million shares have raised $138.3 million in gross proceeds since inception. Convertible senior notes due 2027 remain at $425.0 million principal.
Management plans to open tranches of sales reservations in the first quarter of 2026 and holds approximately 675 reservations, representing about $189 million in expected future spaceflight revenue upon completion. The flight test program for Delta Class spaceships is expected to commence in the third quarter of 2026, with the first commercial research spaceflight in the fourth quarter of 2026 and private astronaut flights six to eight weeks later.
The company executed an MOU to settle the Lavin class action for $8.5 million, with about $6.1 million expected from insurers; a $2.4 million net settlement expense was recorded year‑to‑date.