---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-24-000102"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:08:45.066025+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic reports Q1 net loss $102M, revenue $2M; Galactic 07 set for June 8

## Summary
- Net loss narrowed to $102M from $159M YoY; revenue rose to $2M vs $0.4M.
- Cash and securities $867M; free cash flow negative $(126)M vs $(139)M YoY.
- Galactic 07 mission scheduled for June 8, 2024; Delta class on track for 2026 commercial service.
- VMS Eve expected to support up to 125 flights/year, $450M annual revenue run-rate with first two Delta ships.
- Raised $7.3M gross via at-the-market issuance of 5.1M common shares.

## SEC filing metadata
- accession: 0001706946-24-000102
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694624000102/0001706946-24-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694624000102/spce-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-24-000102
- JSON: https://secwatch.observer/filing/0001706946-24-000102.json
- Plain text: https://secwatch.observer/filing/0001706946-24-000102.txt

## Key facts
- Earnings Releases
  Virgin Galactic Holdings, Inc reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 7, 2024, Virgin Galactic Holdings, Inc. (the “Company”) issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694624000102/0001706946-24-000102-index.htm

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