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Virgin Galactic will share its third-quarter earnings on Thursday, and investors are eager to learn about its plans.

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Virgin Galactic pushed flights to February 2027 and expects $95 million to $100 million in Q3 cash use. Its ships and easing Q4 cash use offer hope, but delayed payments and share sales weigh more.

SPCE · Virgin Galactic Holdings Inc.

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Customer payments do not start until flights begin, so the delay pushes cash receipts farther out. Virgin Galactic expects cash use to rise in Q3 before easing in Q4. Its planned ships could bring in substantial money over time, but the delay and need for cash weigh more. The company also raised money by selling shares, which can leave each owner with a smaller share.

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