I get needing money. But they are literally diluting up to 300 million while the stock is less than that. I mean where do they think they’re gonna get the money from? Nobody is buying to drive up the price… they’re literally at like 30 cents pre split price and they think they can dilute $300 million?

Up 🚀

seriously who do they think will even think to buy the stock right now? the company market cap is not even at 200M, are they completely out of their minds?

I just don’t understand the logic here. It feels like this company hasn’t got a clue how to run a publicly traded company. They just randomly decide to speed things up, and decide to fund it with MORE dilution. If they hadn’t rushed into this offering, they could have easily raised that $300 million through natural market movement. All it needed was one catalyst one piece of positive news and we would have seen a breakout.

From a technical perspective, the stock has FINALLY been in an accumulation/consolidation phase and was finally starting to show the right momentum. Now with Trump’s America first agenda, the U.S. market is poised for a surge. Technical traders and even investors were anticipating a breakout that would have brought in the necessary capital organically, but instead, they chose this route?

It’s as if they don’t understand the market’s dynamics. Honestly, I don’t think this company is suited to be publicly traded because it’s just a lazy way of raising cash. They don’t think things through and just keeps burning their investors over and over again.

What do you think of this situation? Until recently, I've been buying additionally, and it's been down from 4.5 dollars before the merger to 20 dollars after the merger, and I can't believe it's an offer again... I saw the cash that Virgin has and it looked like it could last 26 years. Why is it suddenly offering such a large amount again? I hope it's an attempt to do something positively and meaningful. Please let me know your objective thoughts

Apparantly they are still on track to launch Delta flights in 2026. Net loss for the quarter was also quite a lot lower which is a good sign although they're going to be increasing staffing soon at the arizona factory for the assembly of the Delta spaceships.

If all goes to plan, and it's a big if, then perhaps the next year or two should be an accumulation stage of $SPCE.

I would not recommend it.

I did a search and didn't see anything current in the topic, berate me with links if I missed it.

I'm looking at a hybrid job there.

Who's got experiences to share on working there, commuting from some place else, etc.

Still no spaceships, no reliable mothership, no more celebrity endorsements, an empty assembly plant, a test facility that has been shuttered by the city, no more cash, stocks are down 90% or so, 20-1 reverse split, no communication from the company on their progress, and no free T-shirt either. Just stories of visions of a fleet of ships, multiple spaceports, and an endless supply of customers willing to spend millions of dollars.

I'm starting to think I may be getting punked?

Happy to be holding. Haters get rekt.

I've read the analysis of how the company has a very short runway to bankruptcy in 4Q2025 and the glassdoor reviews are completely abysmal.

Looking at an engineering role in Tustin. Any reason to come here or will I be burnt out and horrified as the reviews suggest?

Company and the tech seems very cool and I could definitely be of help here 😀

Am I insane to think that by 2025 December this stock will be trading at around IPO price aka 200 ish.My assumption here is everything would go as planned. I would welcome any perspective on this. No personal attacks please.

Hi, any employees that can discuss how the environment is here? Mainly at the Tustin Office, have a job interview there and want to see if it's even worth going. Scared of temporary job and bad environment / long hours.

I know many of you are emotional and have lost a ton. I want to have a facts based civil discussion on why you think they will or won’t deliver by 2026.

Some of you have talked about how there’s no way they can deliver on that timeline due to FAA approvals and testing and so forth.

Some of you have said that they will deliver and their new manufacturing plant is a testament to them having no expenses spared and really trying to meet that timeline.

I’d love to see actual thoughts on it. Again, no “rants” please abut how you think it’s a scam or it’s POS company.

https://www.scmp.com/lifestyle/travel-leisure/article/3277482/virgin-galactic-solicits-space-tourism-interest-asia-flights-priced-us600000

Time marches on. Year and a half tops (about the wait for new car model), and one can be spacebound. I think they'll formally open sales around March 2025 if early flights go well.

https://www.intriqjourney.com/destination/5-days-revealing-the-wonders-of-space-with-virgin-galactic/

June's Unity flight had av $900,000 tickets. Peeps with +$10m can easily afford a $600,000 ticket however once Delta flys, at the extremes, they could offer a mix of say 3 x researcher @ $900,000 and 3 x $250,000 and still gross c$3m (over $2m net) every Delta flight or c $4m per week from the two spaceplanes.

This experience is still very competitive compared with their 2 main rivals, and offers a far better thrill factor than balloons.

How many shares in total is VG right now?

Hey Space-pals!

Any of the folks from the pre-Branson flight days still around? Spaceport discord/SPCE Week in Review era folks?

Has been a minute and I've been a lot less active, but just wanted to check in and say hello.

Miss and love y'all!

-Suborbital

Since they don't have a reliable mothership, maybe VG could launch their Delta class from a rocket sled like these guys: https://www.radianaerospace.com/

Recent news - includes existing Tyndall site approved in last 6 days.

https://youtu.be/5XsCN_-2ri0?feature=shared

https://www.wftv.com/news/local/new-spaceports-territories-have-been-announced-florida/FMQE5VP3CFECXEQQME44W5AJZU/

Can see this as natural VG potential US 'next stop' for Delta test Spaceport to Spaceport flight - maybe even next year.

5hr flight California/Florida being 1,866 miles or 27 hour drive from Spaceport America (2,000 miles 32 hrs from Phoenix).

Already well equipped site/location, and within range, so only 1 Eve needed for such/both ways, and stick a Delta at each.

https://youtu.be/ZT8gSwtNI2M?feature=shared

If you woke up tomorrow and found out that everyone sold, and now you have a majority stake in Virgin Galactic and control of the company. What, if anything, would you change? You are now the CEO.

August 7, 2024 'Galactic 07' Mission Successfully Completed VSS Unity's Operational Phase, Delivering Record per Seat Revenue of $900K Accelerating Pace of Tool Development and Parts Fabrication as Focus Shifts to Build and Test Phases of Delta Class Spaceships Delta Class Spaceships on Track for Commercial Service in 2026 ORANGE COUNTY, Calif.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the second quarter ended June 30, 2024 and provided a business update.

Michael Colglazier, Chief Executive Officer of Virgin Galactic said, “Progress on our Delta Class spaceship program was substantial in Q2, with the pace of design completion accelerating and tool fabrication underway. In the next month, our teams will pivot primary focus from design completion to the build and test phases of our production spaceships, which remain on track to enter commercial service in 2026."

Second Quarter 2024 Financial Highlights

Cash position remains strong, with cash, cash equivalents and marketable securities of $821 million as of June 30, 2024. Revenue of $4 million, compared to $2 million in the second quarter of 2023, driven by commercial spaceflight and membership fees related to future astronauts. GAAP total operating expenses of $106 million, compared to $141 million in the second quarter of 2023. Non-GAAP total operating expenses of $95 million in the second quarter of 2024, compared to $126 million in the second quarter of 2023. Net loss of $94 million, compared to a $134 million net loss in the second quarter of 2023, with the improvement primarily driven by lower operating expenses. Adjusted EBITDA totaled $(79) million, compared to $(116) million in the second quarter of 2023, primarily driven by lower operating expenses. Net cash used in operating activities totaled $79 million, compared to $125 million in the second quarter of 2023. Cash paid for capital expenditures totaled $34 million, compared to $10 million in the second quarter of 2023. Free cash flow totaled $(114) million, compared to $(135) million in the second quarter of 2023. Generated $64 million in gross proceeds through the issuance of 3.7 million shares of common stock as part of the Company's at-the-market offering programs. Business Updates

Construction completed on final assembly facility in Phoenix, Arizona for Delta Class spaceships. VSS Unity spaceflights delivered key engineering and operational data informing design of Delta Class production model spaceships. Blended manifest of research and private astronauts on 'Galactic 07' mission generated an average of $900K revenue per seat. Production schedule for the Delta Class spaceships remains on track for commercial service in 2026. Refer to the Company's investor relations website for a video overview of the 'Virgin Galactic Business Model.' https://investors.virgingalactic. Financial Guidance The following forward-looking statements reflect our expectations for the third quarter of 2024 as of August 7, 2024 and are subject to substantial uncertainty. Our results are based on assumptions that we believe to be reasonable as of this date, but may be materially affected by many factors, as discussed below in “Forward-Looking Statements.”

Free cash flow for the third quarter of 2024 is expected to be in the range of $(115) million to $(125) million.