Virgin Galactic (NYSE:SPCE) stock is rocketing higher on Tuesday as shares of the space travel company get caught up in the recent meme rally started by Roaring Kitten. Roaring Kitten started the meme stock rally in 2021 with his coverage of GameStop (NYSE:GME) stock. Then he went quiet for three years before returning over the weekend. This has prompted a new meme stock rally that sending both old and new meme stocks higher today. SPCE stock is up 19.1% as of Tuesday morning. Even so, the stock is still do ...

Virgin Galactic (NYSE: SPCE) stock price joined other meme companies like AMC, Blackberry, and GameStop in a strong rally. It soared by over 9% on Monday and continued its comeback on Tuesday as it surged by over 12%. That rally pushed its market cap to over $430 million, which is sharply lower than its all-time high of over $10 billion. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Short squeeze continues The free cash flow came in at minus $126 m ...

Is Virgin Galactic stock a buy? And so investors are presented with a sort of all-or-nothing bet on Virgin Galactic. In a worst-case scenario, two years of no revenue could turn into three or four or more years if problems arise with Delta's development, the spaceplane fails to arrive on schedule -- or it even simply gets significantly delayed. Virgin Galactic could run out of money and go bankrupt before it builds a new business model. Alternatively, everything could go exactly as planned, Virgin Galactic' ...

Why would you invest in a spaceplane stock that has no actual spaceplanes to fly?Space roller-coaster stock Virgin Galactic (SPCE 3.50%) took investors on a wild ride this week, soaring 10% Monday on news of progress building its Delta-class spaceplane, then tumbling 7% early Wednesday after reporting how much money its current Unity-class spaceplane is losing -- only to land right near where it began the week, around $1 a share.But I think investors are overestimating Virgin Galactic's chances of success. ...

Surprise! Virgin Galactic is a penny stock again.Last night, space tourism pioneer Virgin Galactic (SPCE -2.18%) announced its earnings from the first quarter with the only spaceplane it has. The news was not great, and as of 11:05 a.m. ET on Wednesday, the stock is down 7.1%, making it officially a penny stock again.The decline follows its 10% jump on Monday after the company announced progress on its do-or-die project to build a new Delta-class spaceplane to replace the current Unity-class spaceplane -- t ...

Virgin Galactic (SPCE) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this company would post a loss of $0.30 per share when it actually produced a loss of $0.25, delivering a surprise of 16.67%.Over the last four quarters, the company has surpassed ...

The Company believes that presenting these non-GAAP financial measures provides useful supplemental information to investors about the Company in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in financial and operational-decision making. However, there are a number of limitations related to the use of non-GAAP measures and ...

Financial Data and Key Metrics - Total operating expenses were $113 million, down from $164 million in the prior year, primarily due to lower R&D and SG&A expenses, reflecting restructuring efforts [8] - Free cash flow was negative $126 million in Q1 2024, compared to negative $139 million in the same period last year [8] - The company generated $7 million in gross proceeds through an at-the-market (ATM) equity offering program in Q1 2024 [17] - Revenue for Q2 2024 is expected to be approximately $3.5 million, with forecasted free cash flow in the range of negative $110 million to $120 million [17] - The balance sheet remains strong with $867 million in cash, cash equivalents, and marketable securities [8] Business Line Data and Key Metrics - The company expects to achieve a run rate of $450 million annually within a year after Delta enters service, based on a ticket price of $600,000 per seat and 750 astronauts flown annually with the first two Delta ships [7][13] - The average price per seat for the upcoming Galactic 7 flight is over $800,000, demonstrating pricing leverage [10] - The company has a backlog of over 600 astronauts at lower price points, with some tickets sold at $450,000 [19] - The company plans to fly 125 flights per year, carrying 750 astronauts annually, with the first two Delta ships [7][13] Market Data and Key Metrics - The company expects to begin commercial service with the first two Delta ships in 2026, with a target of 125 flights per year [6][9] - The company is targeting 2028 for the delivery of the first next-gen mothership, which will support the scaling of operations [4][59] - The company plans to expand to additional spaceports globally, with each operational spaceport estimated to generate over $1 billion in annual revenue [85] Company Strategy and Industry Competition - The company is focusing on scaling operations at Spaceport America with a fleet of four to five spaceships, followed by the creation of fully utilized spaceports globally [9][85] - The company is leveraging partnerships with Bell and Carbon for the manufacturing and engineering of Delta spaceships, maintaining design authority [4][5] - The company is prioritizing cash management to bring Delta ships into service, with a focus on achieving positive operating cash flow [14] Management Commentary on Operating Environment and Future Outlook - The company expects to achieve a contribution margin above 75% for each spaceflight, leading to meaningful operating cash flow [84] - The company is confident in its long-term high-growth business model, with plans to scale operations and expand globally [9][85] - The company is managing its capital and spending levels to ensure long-term success, with a focus on delivering the next-gen mothership by 2028 [59] Other Important Information - The company is nearing completion of its final assembly factory in Phoenix, with occupancy expected this summer [15] - The company is developing a targeted maintenance plan and operations schedule for Eve, supporting three space missions per week, a 50% increase over prior estimates [2][71] - The company is using an Iron Bird test asset to verify the operation of Delta subsystems, streamlining flight tests [60] Q&A Session Summary Question: Backlog and Pricing Strategy - The company has a backlog of over 600 astronauts at lower price points, with plans to cycle through the backlog within 12 months after Delta enters service [19] - The company plans to reopen ticket sales in 2025 to maintain a two-year backlog, balancing pricing power and customer planning [22][29] Question: Physical Plant Improvements - The company plans to add a launch hangar at Spaceport America to support operations with additional motherships and spaceships [23][30] - Training facilities will also be expanded as the company increases flight frequency [68] Question: Cash Burn and Capex - The company expects 2024 to be the peak cash burn year, with increased spending on tooling and parts fabrication for Delta [34][45] - Capex is expected to ramp up in the second half of 2024 as the company transitions from R&D to parts fabrication [67] Question: Mothership Program and Boeing Legal Issues - The company is targeting 2028 for the delivery of the first next-gen mothership, with no material impact from ongoing legal issues with Boeing [46][35] - The company is confident in its position regarding intellectual property and work received from Boeing [35] Question: Delta Ship Rollout and Mothership Timing - The first two Delta ships are expected to enter commercial service simultaneously in 2026, with the third Delta ship planned for 2028 to align with the next mothership [64][78] - The company is balancing the arrival of new motherships with additional Delta ships to optimize fleet growth [39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38202 Virgin Galactic Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 85-3608069 (State or other jur ...

Exhibit 99.1 Virgin Galactic Announces First Quarter 2024 Financial Results and Provides Business Update • 'Galactic 07' Mission Planned for June 8, 2024 • Delta Class Spaceships on Track for Commercial Service in 2026 • VMS Eve Expected to Support Increased Flight Rate of up to 125 Flights per Year ORANGE COUNTY, CALIFORNIA – May 7, 2024 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the first quarter ended March 31, 2024 and pro ...