Virgin Galactic releases ’26 first quarter financials; stock at new low under $3
The suborbital tourist company Virgin Galactic, that promised much over two decades and delivered little, this week released its ’26 first quarter financial statement, claiming its situation is “strong” with the completion of its “new SpaceShips”.
Two details however contradict this conclusion. First, revenue in the quarter were only $200K, down from $500K earned in the first quarter of 2025. Second, the company’s stock is now trading at under $3 per share, a far cry from the high of $62, when Richard Branson sold the bulk of his holdings and got out when the getting was good. It is also a quarter of the stock’s initial value when first issued in 2019.
The company hopes to resume flights with these new spacecraft later this year, but whether there is any substantial interest in suborbital tourism remains unknown.
Hat tip to BtB’s stringer Jay.
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At $3, BtB readers could pool their extra cash and execute a hostile takeover!
:-P
Who’d want that sub-orbital piece of garbage?
The White Knight planes need to be dronified and laden with fuel tanks and Claymore mines to fly over Iranian locations near the Strait.
A nice, productive end.
F,
Heh. Every one of us could maybe get a suitable-for-framing stock certificate that we could hang on our wall alongside the other items in our collections of extinct stocks and banknotes.
Robert wrote: “The company hopes to resume flights with these new spacecraft later this year, but whether there is any substantial interest in suborbital tourism remains unknown.”
New Shepard was doing OK when it stopped flying, a few months ago. With the SpaceShips being the only suborbital — and affordable — spaceflight flying, all demand will have to go through Virgin Galactic. They have the monopoly, right now.
Are they worth the investment at this low, low price? It looks like investors are not confident. Is Richard Branson reinvesting at this low price?
Edward: We have no idea if New Shepard “was doing OK.” Blue Origin kept very secret what it charged for tickets, and all indications suggested most were donated or diversity picks that the company itself paid for. I think it stopped flying because it wasn’t “doing OK.”
If it ain’t flying its dying.