Overview
- Virgin Galactic shares jumped as much as 20% Tuesday after the company resumed selling a limited 50 seats at $750,000 each, following Monday’s earnings release.
- The first next‑generation SpaceShip is nearly assembled, with ground tests starting in April and an initial spaceflight targeted for the fourth quarter of 2026.
- Management outlined a ramp from about four flights per month to eight and then 10 or more by the second quarter of 2027, with a second SpaceShip expected to enter service between late Q4 2026 and early Q1 2027.
- The company reported $312,000 in Q4 revenue and a GAAP loss of $0.98 per share, guided to negative free cash flow of $90 million to $95 million in Q1 2026, and ended 2025 with $338 million in cash and equivalents.
- Rocket motor assembly is planned to begin at the Phoenix facility in Q4 2026, and with Blue Origin pausing tourist flights, the reopened sales offer one of the few current paths for would‑be suborbital passengers.