---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-23-000096"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:35:03.870509+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic Q2 revenue $2M, net loss $134M; first commercial flight completed

## Summary
- Revenue $2M (up from $0.4M YoY); net loss $134M vs $111M in Q2 2022.
- Adjusted EBITDA -$116M; free cash flow -$135M; cash burn $125M in operating activities.
- Cash & equivalents $980M after raising $241M via ATM issuance of 55M shares.
- Completed 'Galactic 01' commercial flight in June; 'Galactic 02' with private astronauts scheduled Aug 10.
- Delta Class spaceships on schedule for commercial service in 2026.

## SEC filing metadata
- accession: 0001706946-23-000096
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000096/0001706946-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000096/spce-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-23-000096
- JSON: https://secwatch.observer/filing/0001706946-23-000096.json
- Plain text: https://secwatch.observer/filing/0001706946-23-000096.txt

## Key facts
- Earnings Releases
  Virgin Galactic Holdings, Inc reported second quarter ended June 30, 2023 results: revenue $2 million, net income Net loss of $134 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $2 million
  - Net income: Net loss of $134 million
  - Result: reported results
  source text: with cash, cash equivalents and marketable securities of $980 million as of June 30, 2023, a sequential increase of $106 million from the first quarter of 2023. • Revenue of $2 million, compared to $0.4 million in the second quarter of 2022, driven by commercial spaceflight and membership fees related to future astronauts. • Net loss of $134 million, compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000096/0001706946-23-000096-index.htm

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