Virgin Galactic Holdings reported a net loss of $56 million for the second quarter ended June 30, 2026, an improvement from the $67 million loss in the prior year period, driven by lower operating expenses and an $8.6 million gain on debt extinguishment. The company raised $134 million through its at-the-market equity offering program and reduced outstanding principal balances on notes due February 2027 and December 2028. Commercial spaceflight service is now scheduled to begin in February 2027, with flight tests commencing in October 2026. The company booked over $50 million in new expeditions at the $750,000 price point and expects positive quarterly cash flow within 2027. Virgin Galactic is an aerospace and space travel company that enables safe, repeatable commercial human spaceflight.
