Virgin Galactic: More Downside Expected After Boeing Lawsuit [Seeking Alpha]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Seeking Alpha
Virgin Galactic is unlikely to reach its target cadence of 2 Delta class spaceflights per spaceship per week in 2026 due to its existing mothership's limitations stemming from its age. Virgin Galactic's decision to pause Unity flights in Q2 2024 means that the company may not generate any revenue until commercial flights of Delta class spaceships commence. Virgin Galactic's cash runway is only enough to last less than 2 years and the lawsuit could accelerate its need to raise capital, in my opinion. Bankruptcy is a strong possibility for Virgin Galactic, in my view, if it's unable to start commercial Delta class spaceflights in 2026 with $418.7 million of debt maturing in 2027. With its stock already down 40% YTD, Virgin Galactic Holdings, Inc. ( NYSE: SPCE ) was recently dealt a huge blow after The Boeing Company ( BA ) filed a trade secret and breach of contract lawsuit against it in light of a previous agreement between both parties. A Virgin Galactic spokesperson has sinc
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SPCE
News
- ‘Galactic 07' Mission Launch Window Opens June 8 [Yahoo! Finance]Yahoo! Finance
- ‘Galactic 07’ Mission Launch Window Opens June 8Business Wire
- Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Why Investors Had a Meltdown Over Virgin Galactic's Reverse Split News [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic (SPCE) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
SPCE
Earnings
- 2/27/24 - Beat
SPCE
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- 4/29/24 - Form DEF
- SPCE's page on the SEC website