Virgin Galactic reports Q3 2026 loss, raises ticket price to $850,000 and announces $250 million equity raise
Virgin Galactic posted a third‑quarter net loss of $59 million and revenue of about $0.4 million, while booking spaceflight seats at $850,000 each. The company said it will sell up to $250 million of common stock and expects fourth‑quarter free cash flow of a negative $80 million to $90 million. Commercial flights are now targeted for early Q2 2027, with a plan to increase capacity to 150 flights per year by late 2028.
Why it matters
The equity offering could dilute existing shareholders but provides cash to fund the upcoming commercial service and capacity expansion. The delayed launch timeline and continued cash burn mean the company will remain cash‑flow negative through 2027, affecting liquidity risk for investors.
Key facts
- 1Q3 2026 revenue was $0.4 million, consistent with the prior year. sec.gov
- 2Net loss for the quarter was $59 million. sec.gov
- 3Cash, cash equivalents and marketable securities totaled $184 million as of September 30, 2026. sec.gov
- 4Free cash flow for the quarter was a negative $99 million. sec.gov
- 5The company expects Q4 2026 free cash flow in the range of $(80) million to $(90) million. sec.gov
- 6Spaceflight Expedition seats are being booked at $850,000 per seat. finance.yahoo.com
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.