{"schema_version":"secwatch.filing_event.v1","accession":"0001706946-25-000130","form_type":"8-K","ticker":"SPCE","cik":"0001706946","company_name":"Virgin Galactic Holdings, Inc","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.728024+00:00","generated_at":"2026-05-17T19:38:59.209778+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Virgin Galactic Q2 revenue $0.4M, net loss $67M; commercial service on track for 2026","bullets":["Revenue of $0.4M vs $4.2M YoY; net loss narrowed to $67M from $94M on lower operating expenses.","Cash, cash equivalents and marketable securities of $508M; issued 15.7M shares via ATM for $56M gross proceeds.","Non-GAAP operating expenses fell to $58M from $95M YoY; free cash flow was -$114M in both Q2 2025 and 2024.","SpaceShip wing and feather assembly expected Q4 2025; fuselage completion late Q4 2025 or early Q1 2026.","Commercial spaceflight planned for fall 2026; feasibility studies with Lawrence Livermore Lab and for Italy spaceport."],"urls":{"canonical":"https://secwatch.observer/filing/0001706946-25-000130","json":"https://secwatch.observer/filing/0001706946-25-000130.json","markdown":"https://secwatch.observer/filing/0001706946-25-000130.md","text":"https://secwatch.observer/filing/0001706946-25-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706946/000170694625000130/0001706946-25-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706946/000170694625000130/spce-20250806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T19:38:59.209778+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"}