SPCE · Virgin Galactic Holdings Inc
AI read · Neutral
The AI's read
Planned flights could bring paying customers closer, and a second ship is expected in 2027. The company says later projects could raise capacity to 150 flights a year by 2028. Virgin Galactic has started limited bookings at $850,000 per seat, but the report gives no count of seats sold. These are plans, not completed flights. The company had $184 million in cash and similar assets, alongside $99 million in negative free cash flow for the quarter. It expects another $80 million to $90 million in negative free cash flow in Q4.