Highest-materiality recent filing
Virgin Galactic issues up to $30.5M in stock to redeem First Lien Notes ahead of schedule
On June 2, 2026, Virgin Galactic issued notice to redeem up to $30.5M of its 9.80% First Lien Notes due 2028, payable in common stock.
Virgin Galactic redeems $10M of 9.8% notes by issuing 3.77M shares; $202.5M remain
Redeemed $10M of 9.80% First Lien Notes due 2028 on May 18, 2026 via issuance of 3,768,536 common shares.
Virgin Galactic Q1 net loss $65M; cash $251M; flight test on track for Q3 2026
Q1 net loss $65M vs $84M YoY; Adjusted EBITDA -$55M, improving from -$72M.
Q4 2025 net loss $63M vs $76M YoY; adjusted EBITDA $(49)M; free cash flow $(95)M.
Virgin Galactic repurchases ~$354.6M of 2.50% notes; issues $212.5M 9.80% first lien notes
Repurchased ~$354.6M of existing 2.50% convertible notes due 2027, reducing outstanding from $425M to ~$70.4M.
Virgin Galactic repurchases ~$355M in convertibles, issues $203M of 9.8% first lien notes due 2028
Repurchasing ~$354.6M of 2.50% convertible notes due 2027; outstanding reduces from $425M to ~$70.4M.
Virgin Galactic Q3 net loss $64M, cash $424M; first commercial flight on track for Q4 2026
Net loss of $64M, revenue $0.4M flat YoY; adjusted EBITDA $(53)M.
Virgin Galactic Q2 revenue $0.4M, net loss $67M; commercial service on track for 2026
Revenue of $0.4M vs $4.2M YoY; net loss narrowed to $67M from $94M on lower operating expenses.
Base salary rises to $1.25M from $1.125M effective April 1, 2026; target bonus remains 150% of base.
Shareholders approve 5.5M share increase in incentive plan and new 2.5M share ESPP at annual meeting
Approved 5,500,000 additional shares under Third A&R 2019 Plan, total 7,670,437 shares reserved.
Virgin Galactic Q1 2025 net loss $84M; cash $567M; plans commercial spaceflight summer 2026
Revenue $0.5M (down 75% YoY); net loss $84M vs $102M Q1 2024; adjusted EBITDA $(72)M.
Virgin Galactic Q4 net loss $76M, Delta SpaceShip first flight planned summer 2026
Net loss $76M (vs $104M Q4 2023); revenue $0.4M down from $2.8M.
Virgin Galactic announces up to $300M ATM equity offering; terminates prior facility
Enters Open Market Sale Agreement with Jefferies LLC for up to $300M of common stock.
Virgin Galactic Q3 revenue $0.4M, net loss $75M; Delta spaceships on track for 2026
Revenue fell to $0.4M from $1.7M YoY as commercial spaceflights paused for Delta Class production.
Virgin Galactic Q2 2024: revenue $4M, net loss $94M; Delta spaceships on track for 2026
Revenue rose to $4M (up from $2M YoY); net loss narrowed to $94M from $134M.
Virgin Galactic regains NYSE compliance after 1-for-20 reverse stock split
Received NYSE letter on July 1, 2024 confirming compliance with $1.00 minimum average closing price rule.
Virgin Galactic approves 1-for-20 reverse stock split; expands equity plan by 14M shares
Reverse stock split at 1-for-20 ratio approved by board on June 12, filed June 14, effective 5:00 p.m. ET.
Virgin Galactic announces 1-for-20 reverse stock split to meet NYSE minimum bid price
Board approved 1-for-20 reverse split; effective 5:00 p.m. ET June 14, 2024.
NYSE notice on May 29, 2024: SPCE avg. closing price below $1.00 over 30 trading days.
Virgin Galactic reports Q1 net loss $102M, revenue $2M; Galactic 07 set for June 8
Net loss narrowed to $102M from $159M YoY; revenue rose to $2M vs $0.4M.
On October 29, 2024, Alistair Burns, Senior Vice President, Chief Information Officer of Virgin Galactic Holdings, Inc. (the “Company”), announced his plans to resign from the Company effective November 27, 2024.
Max materiality 0.80 · Median 0.65 · Most common event earnings