newsfilter
← Latest News
Business Wire·

Virgin Galactic Announces Third Quarter 2026 Financial Results and Provides Business Update

SPCE
  • Virgin Galactic expects the first glide flight with Spaceship Apeiron in January 2027, with the first commercial spaceflight anticipated in early Q2 2027.
  • A second spaceship is scheduled to begin commercial operations in late Q2 or early Q3 2027.
  • A new high-cadence launch hangar & fueling infrastructure planned for opening in the second half of 2028 aims to increase annual spaceflight capacity to 150 flights.
  • Over 100 astronauts are preparing for upcoming flights, while limited Spaceflight Expedition bookings have opened at $850,000 per seat.
  • Third quarter 2026 revenue was $0.4 million, consistent with the prior year, driven by access fees & future astronaut events.
  • Net loss for Q3 2026 totaled $59 million, a reduction from the $64 million loss in Q3 2025, primarily due to lower operating expenses.
  • Cash, cash equivalents, & marketable securities stood at $184 million as of September 30, 2026.
  • The company completed construction of its rocket motor production facility in Arizona, with assembly-line preparations underway.
  • Free cash flow for Q4 2026 is projected to range between $(80) million & $(90) million.
  • Virgin Galactic will host a conference call at 2:00 p.m. Pacific Time to discuss these results & provide a webcast for investors.