---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-22-000123"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:17:02.279992+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q2 net loss widens to $111M; commercial service delayed to Q2 2023

## Summary
- Net loss of $111M in Q2 2022 vs $94M in Q2 2021; Adjusted EBITDA -$93M vs -$56M.
- Cash and marketable securities of $1.1B; free cash flow -$91M vs -$66M.
- Commercial service launch expected Q2 2023 due to extended mothership enhancement program.
- Selected Boeing subsidiary Aurora to build two new motherships; first entry service planned 2025.
- New Delta class spaceship factory in Mesa, AZ expected fully operational late 2023.

## SEC filing metadata
- accession: 0001706946-22-000123
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694622000123/0001706946-22-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694622000123/spce-20220804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-22-000123
- JSON: https://secwatch.observer/filing/0001706946-22-000123.json
- Plain text: https://secwatch.observer/filing/0001706946-22-000123.txt

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