secwatch.observer — SEC 8-K summary
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Issuer:     Virgin Galactic Holdings, Inc (SPCE)
CIK:        0001706946
Form:       8-K
Filed at:   2026-05-14T20:08:09+00:00
Accession:  0001706946-26-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Virgin Galactic Q1 net loss $65M; cash $251M; flight test on track for Q3 2026
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- Q1 net loss $65M vs $84M YoY; Adjusted EBITDA -$55M, improving from -$72M.
- Revenue $0.2M (future astronaut access fees); GAAP operating expenses $66M.
- Cash, equivalents, and marketable securities $251M at March 31, 2026.
- First SpaceShip in ground test; flight test on track Q3, first spaceflight Q4 2026.
- Generated $52M in April ATM proceeds; $87M remaining; redeemed $10M debt via shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706946/000170694626000067/0001706946-26-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706946/000170694626000067/spce-20260514.htm
  HTML page:      https://secwatch.observer/filing/0001706946-26-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer