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.
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.









