virgin galactic is the world’s first commercial spaceline. we are developing vehicles to fly private astronauts, research experiments, and satellites to space—democratizing access to space for the benefit of life on earth. the virgin galactic astronaut experience will include out-of-seat weightlessness and stunning views of earth from space onboard spaceshiptwo, our reusable spaceplane designed for us by aerospace pioneer scaled composites. spaceshiptwo has been designed to carry two pilots and as many as six astronauts (or more than 1,000 pounds of experiments) to space and back on commercial flights from new mexico’s spaceport america, the world’s first purpose-built commercial spaceport. we are also developing launcherone, a dedicated launch vehicle for small satellites. launcherone is designed to carry smaller satellites (typically 200-300 kilograms)) into earth orbit for historically low prices. together with our wholly-owned manufacturing arm, the spaceship company, virgin galact
Company profile
Ticker
SPCE
Exchange
Website
CEO
Michael Colglazier
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Booking • Expedia • GXO Logistics • GATX • RXO • XPO • Tuniu • ModivCare • Despegar.com • Lindblad Expeditions ...
Former names
Social Capital Hedosophia Holdings Corp.
SEC CIK
Corporate docs
Subsidiaries
Galactic Co., LLC • Galactic Enterprises, LLC • Vehicle Holdings, Inc. • Virgin Galactic, LLC • Virgin Galactic Vehicle Holdings, Inc. • Virgin Galactic Limited • FANME Development, LLC ...
SPCE stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Virgin Galactic Announces First Quarter 2024 Financial Results and Provides Business Update
7 May 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
DEFA14A
Additional proxy soliciting materials
29 Apr 24
DEF 14A
Definitive proxy
29 Apr 24
PRE 14A
Preliminary proxy
18 Apr 24
8-K
Amendments to Articles of Incorporation or Bylaws
14 Mar 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Virgin Galactic Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update
27 Feb 24
8-K
Virgin Galactic Appoints Luigi Brambilla to Board of Directors
13 Nov 23
Transcripts
SPCE
Earnings call transcript
2024 Q1
7 May 24
SPCE
Earnings call transcript
2023 Q4
27 Feb 24
SPCE
Earnings call transcript
2023 Q3
8 Nov 23
SPCE
Earnings call transcript
2023 Q2
1 Aug 23
SPCE
Earnings call transcript
2023 Q2
1 Aug 23
SPCE
Earnings call transcript
2023 Q1
9 May 23
SPCE
Earnings call transcript
2022 Q4
28 Feb 23
SPCE
Earnings call transcript
2022 Q3
4 Nov 22
SPCE
Earnings call transcript
2022 Q2
5 Aug 22
SPCE
Earnings call transcript
2022 Q1
6 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 269.06 mm | 269.06 mm | 269.06 mm | 269.06 mm | 269.06 mm | 269.06 mm |
Cash burn (monthly) | 42.99 mm | 13.77 mm | 38.09 mm | 47.55 mm | 30.50 mm | 40.34 mm |
Cash used (since last report) | 316.43 mm | 101.39 mm | 280.36 mm | 349.95 mm | 224.48 mm | 296.94 mm |
Cash remaining | -47.37 mm | 167.67 mm | -11.30 mm | -80.89 mm | 44.58 mm | -27.88 mm |
Runway (months of cash) | -1.1 | 12.2 | -0.3 | -1.7 | 1.5 | -0.7 |
Institutional ownership, Q4 2023
50.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 51 |
Opened positions | 7 |
Closed positions | 209 |
Increased positions | 10 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 4.53 bn |
Total shares | 208.66 mm |
Total puts | 6.65 mm |
Total calls | 72.30 k |
Total put/call ratio | 92.0 |
Largest owners | Shares | Value |
---|---|---|
Vieco USA | 114.79 mm | $1.37 bn |
Vieco 10 | 62.40 mm | $1.43 bn |
Virgin Investments | 30.75 mm | $45.81 mm |
Strategic Wealth Designers | 268.61 k | $658.10 mm |
Arizona State Retirement System | 97.50 k | $238.88 mm |
Portman Square Capital | 93.26 k | $228.48 mm |
Raymond James Financial Services Advisors | 53.17 k | $130.27 mm |
Coastal Investment Advisors | 32.39 k | $79.36 mm |
SG Americas Securities | 30.15 k | $74.00 k |
Nisa Investment Advisors | 18.97 k | $46.48 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 May 24 | Alistair Burns | Common Stock | Payment of exercise | Dispose F | No | No | 0.948 | 17 | 16.12 | 379,379 |
6 May 24 | Michael A Colglazier | Common Stock | Payment of exercise | Dispose F | No | No | 0.948 | 16,516 | 15.66 k | 817,359 |
22 Apr 24 | Aparna Chitale | Common Stock | Payment of exercise | Dispose F | No | No | 0.8561 | 1,232 | 1.05 k | 203,281 |
22 Apr 24 | Alistair Burns | Common Stock | Payment of exercise | Dispose F | No | No | 0.8561 | 36 | 30.82 | 379,396 |
18 Apr 24 | Mabus Raymond E | Common Stock | Grant | Acquire A | No | No | 0 | 11,455 | 0.00 | 84,605 |
News
In-Depth Examination Of 4 Analyst Recommendations For Virgin Galactic Hldgs
9 May 24
Wells Fargo Maintains Underweight on Virgin Galactic Hldgs, Lowers Price Target to $0.75
9 May 24
Susquehanna Maintains Neutral on Virgin Galactic Hldgs, Lowers Price Target to $1.1
8 May 24
Virgin Galactic Reports Better-Than-Expected Q1 Results
7 May 24
Virgin Galactic Hldgs Q1 2024 Adj EPS $(0.25) Beats $(0.29) Estimate, Sales $2.00M Beat $1.92M Estimate
7 May 24
Press releases
Virgin Galactic Announces First Quarter 2024 Financial Results and Provides Business Update
7 May 24
Virgin Galactic Begins Operations at Delta Spaceship Ground Testing Facility
6 May 24
'Galactic 07' Mission Launch Window Opens June 8
1 May 24
Virgin Galactic Announces Date of First Quarter 2024 Financial Results and Conference Call
23 Apr 24
Virgin Galactic Reports Inducement Award Under NYSE Listing Rule 303A.08
15 Apr 24