Virgin Galactic reported Q2 2024 revenue of $4 million, up from $2 million YoY, driven by commercial spaceflight and membership fees. The company maintained a strong cash position of $821 million while reducing net loss to $94 million from $134 million YoY. The 'Galactic 07' mission achieved record per-seat revenue of $900,000.The company made substantial progress on its Delta Class spaceship program, with design completion accelerating and tool fabrication underway. Construction of the final assembly facility in Phoenix, Arizona has been completed. The Delta Class spaceships remain on schedule to enter commercial service in 2026.For Q3 2024, Virgin Galactic expects free cash flow to range between $(115) million and $(125) million. The company raised $64 million through the issuance of 3.7 million shares via at-the-market offering programs, demonstrating continued access to capital markets.

Virgin Galactic reported Q2 2024 revenue of $4 million, up from $2 million YoY, driven by commercial spaceflight and membership fees. The company maintained a strong cash position of $821 million while reducing net loss to $94 million from $134 million YoY. The 'Galactic 07' mission achieved record per-seat revenue of $900,000.The company made substantial progress on its Delta Class spaceship program, with design completion accelerating and tool fabrication underway. Construction of the final assembly facility in Phoenix, Arizona has been completed. The Delta Class spaceships remain on schedule to enter commercial service in 2026.For Q3 2024, Virgin Galactic expects free cash flow to range between $(115) million and $(125) million. The company raised $64 million through the issuance of 3.7 million shares via at-the-market offering programs, demonstrating continued access to capital markets.