Virgin Galactic (SPCE) Sees Pre-Market Surge On Positive Earnings Sentiment

Virgin Galactic Holdings Inc. (NYSE: SPCE) shares extended their upward momentum in pre-market activity, climbing 6.04% to $5.90 after surging 43.28% the previous session. Following the company’s Q1 2025 financial report, which revealed that its commercial spaceflight objectives were still being pursued, the raise was made.

Gaining Momentum

Virgin Galactic reaffirmed its intention to start commercial spaceflights in 2026 and revealed major advancements in the building of its next-generation Delta Class SpaceShips in preparation for the commercial launch.

The company demonstrated the long-term value of its assets and offered a strategy for a profitable and scalable business model built on excellent customer service and operational effectiveness, despite the fact that it was still in the pre-revenue stage.

Robust Financial Position Despite an Operational Pause

With $567 million in marketable securities, cash, and cash equivalents, Virgin Galactic was able to retain a strong liquidity position. Revenue for the corporation dropped from $2.0 million in the same quarter of 2024 to $0.5 million as a result of the temporary suspension of commercial spaceflights to focus on vehicle production.

However, due to decreasing operating expenditures, SPCE’s net loss decreased from $102 million in Q1 2024 to $84 million. Furthermore, compared to the prior year, adjusted EBITDA grew from $(87) million to $(72) million.

Capital Creation and Growth Plans

Virgin Galactic sold 6.9 million shares through its at-the-market offering program to generate $31 million to increase its financial flexibility. The business also revealed plans for two significant milestones: private astronaut trips in the autumn and the maiden flight of its new spacecraft carrying research payloads in the summer of 2026.

Virgin Galactic is also demonstrating its plan to expand global infrastructure by conducting a feasibility study to assess the building of a second spaceport in Italy. SPCE now estimates that its free cash flow for the second quarter of 2025 will be between $105 million and $115 million.