{"schema_version":"secwatch.filing_event.v1","accession":"0001706946-25-000077","form_type":"8-K","ticker":"SPCE","cik":"0001706946","company_name":"Virgin Galactic Holdings, Inc","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.410284+00:00","generated_at":"2026-05-21T05:18:00.501645+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Virgin Galactic Q1 2025 net loss $84M; cash $567M; plans commercial spaceflight summer 2026","bullets":["Revenue $0.5M (down 75% YoY); net loss $84M vs $102M Q1 2024; adjusted EBITDA $(72)M.","Cash, equivalents and marketable securities $567M; free cash flow $(122)M; $31M raised via ATM (6.9M shares).","Future astronaut ticket sales expected to open in Q1 2026; first research spaceflight planned for summer 2026.","Private astronaut flights targeted for fall 2026; feasibility study underway for second spaceport in Italy."],"urls":{"canonical":"https://secwatch.observer/filing/0001706946-25-000077","json":"https://secwatch.observer/filing/0001706946-25-000077.json","markdown":"https://secwatch.observer/filing/0001706946-25-000077.md","text":"https://secwatch.observer/filing/0001706946-25-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706946/000170694625000077/0001706946-25-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706946/000170694625000077/spce-20250515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T05:18:00.501645+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}