Virgin Galactic outlines 125 spaceflights per year target as company pivots toward 2026 commercial launch [Seeking Alpha]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Seeking Alpha
Michael Colglazier, CEO, highlighted "important progress updates on our SpaceShip program and a company-wide pivot toward operational readiness as we prepare to enter 2026." He stated, "We remain full steam ahead, bringing our new SpaceShip Quick Insights Virgin Galactic aims to complete SpaceShip production and testing, begin commercial flights in late 2026, and achieve sales in Q1 2026, alongside tighter cash discipline and lower operating expenses. Management targets 125 annual flights, leveraging $600,000+ ticket prices, high margins, and manufacturing improvements to reach $450 million annual revenue and $100 million adjusted EBITDA at steady-state. Key risks include composite part delivery, production delays, and supply chain variability. Management notes operational flexibility, ongoing risk mitigation steps, and stable timelines as countermeasures. More Trending News
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News
- Joan Branson, wife of British billionaire Richard Branson, dies at 80 [CNN]CNN
- Joan Branson, wife of British billionaire Richard Branson, dies at 80 [CNN]CNN
- Joan Branson, wife of British billionaire Richard Branson, dies at 80 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Billionaire Richard Branson mourns his wife and partner of 50 years, Joan: ‘She was my best friend, my rock, my guiding light, my world' [Fortune]Fortune
- Richard Branson confirms death of wife Joan: 'My best friend, my rock' [FOX Business Network]FOX Business Network
SPCE
Earnings
- 11/13/25 - Beat
SPCE
Sec Filings
- 10/22/25 - Form 4
- 10/8/25 - Form 4
- 10/8/25 - Form 4
- SPCE's page on the SEC website