On August 7, 2024, Virgin Galactic Holdings, Inc. released its financial results for the second quarter ended June 30, 2024, and provided a business update. The company reported a net loss of $94 million, an improvement from the $134 million net loss in the same quarter of the previous year, primarily due to lower operating expenses. Revenue increased to $4 million, up from $2 million in Q2 2023, driven by commercial spaceflight and membership fees. The company's cash position remained strong with $821 million in cash, cash equivalents, and marketable securities. Virgin Galactic also announced the successful completion of the 'Galactic 07' mission, which achieved a record per seat revenue of $900K. The company is accelerating the development of its Delta Class spaceships, which are on track for commercial service in 2026. Additionally, a new video was released for investors, detailing the company's business and operations, including management's vision. The video is available on the company's investor relations website.

On August 7, 2024, Virgin Galactic Holdings, Inc. released its financial results for the second quarter ended June 30, 2024, and provided a business update. The company reported a net loss of $94 million, an improvement from the $134 million net loss in the same quarter of the previous year, primarily due to lower operating expenses. Revenue increased to $4 million, up from $2 million in Q2 2023, driven by commercial spaceflight and membership fees. The company's cash position remained strong with $821 million in cash, cash equivalents, and marketable securities. Virgin Galactic also announced the successful completion of the 'Galactic 07' mission, which achieved a record per seat revenue of $900K. The company is accelerating the development of its Delta Class spaceships, which are on track for commercial service in 2026. Additionally, a new video was released for investors, detailing the company's business and operations, including management's vision. The video is available on the company's investor relations website.