Virgin Galactic slides after Q2 results, delays spaceship debut

Virgin Galactic Holdings

13/08/2026 11:13

** Shares of aerospace and space travel firm Virgin Galactic SPCE.N fall 11.2% to $2.9 premarket
** Co posts Q2 revenue of $134,000, down from $406,000 a year earlier
** Co postpones launch of its first next-generation passenger spaceship into commercial service to February 2027 from Q4 of 2026
** Co expects to deliver positive quarterly cash flow within 2027 
** Two out of eight analysts rate stock "buy" or higher, four rate it "hold", two "sell"; median PT at $3.03 - data compiled by LSEG 
** As of last close, stock up 2.8% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))