Virgin Galactic (SPCE)
Develops and operates runway-launched suborbital flights for private astronauts and research customers.
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Runs a runway-launched SpaceShip system for private astronauts and research missions, following a short commercial season with VSS Unity. The business is rebuilding around Delta-class vehicles intended to restore commercial operations.
Builds and operates a runway-launched air-and-space vehicle system serving private individuals, researchers and professional astronauts from Spaceport America. Flights take off and land on a runway; the model is neither orbital transport nor a satellite-launch service.
Commercial service began after years of testing and a material prototype accident. VSS Unity later completed its final commercial flight, ending its commercial season. The listed parent entered public markets through a SPAC merger, not a conventional operating-company IPO.
Work now centers on Delta-class vehicles, with testing and commercial-service timing remaining management targets. The business depends on next-generation vehicle development and testing, capital requirements, and financing availability.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $2.30 | Target: $2 |
| Apr 10, 2026 | Susquehanna | Reiterate | Rating: —Target: $3.50 | Target: $3 |
| Jan 15, 2026 | Susquehanna | Target | Target: $4 | Target: $3.50 |
| Dec 12, 2025 | Morgan Stanley | Reiterate | Rating: —Target: $5 | Target: $2.30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $255.1M · Total debt $265.3M · Total assets $816.3M · Shareholders' equity $396.1M
- Revenue
- $134.0K
- Operating income
- −$64.9M
- Net income
- −$55.9M
No dividends on record.
| Institutions | ≈ 44.76% | 57.53M shares | |
|---|---|---|---|
| 227 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.69% | 885.1K shares | |
| 12 holders · as of Jun 30, 2026 | |||
| Other | ≈ 54.55% | 70.12M shares | |
| remainder | |||
128.54M company shares as of Sep 19, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (151.60M in the company's Sep 22, 2026 report, 128.54M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.58% | 8.46M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.17% | 7.93M | as of Jun 30, 2026 |
Context Capital Management, LLCInstitution | 5.10% | 6.56M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.47% | 4.46M | as of Jun 30, 2026 |
UBS Group AGInstitution | 2.72% | 3.50M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 19, 2026 | Diana S. Strandberg | director | +20,000 | $2.49 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Virgin Galactic | $3.26 | −1.51% | $425.5M | — | — | 409.9 | −67.0% |
| SpaceX | $153.58 | +1.14% | $2.00T | — | 104.6 | — | — |
| Boeing | $197.70 | −1.72% | $158.98B | 87.1 | 149.7 | 1.7 | +8.0% |
| Voyager Technologies | $36.86 | −2.12% | $2.28B | — | — | 13.1 | +15.5% |
| Median | 87.1 | 127.2 | 7.4 | +11.7% |