---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-023158"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:08:19.953978+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic signs $400M ATM equity facility; prior $300M fully used

## Summary
- Enters $400M distribution agreement with Credit Suisse, Morgan Stanley, Goldman Sachs for common stock sales.
- Prior $300M facility exhausted; $164.6M raised since March 31, 2023 via 37.4M shares (plus earlier $135.4M).
- Proceeds to fund spaceship fleet development, infrastructure scaling, and general corporate purposes.
- Agents earn up to 2% commission; sales may occur through brokers, market makers, or private negotiations.

## SEC filing metadata
- accession: 0001628280-23-023158
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000162828023023158/0001628280-23-023158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000162828023023158/spce-20230622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-023158
- JSON: https://secwatch.observer/filing/0001628280-23-023158.json
- Plain text: https://secwatch.observer/filing/0001628280-23-023158.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.