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Jun 30, 2021
Virgin Galactic Q2 2021 Earnings Report
Announced second quarter 2021 financial results, marked by strong operational progress including successful spaceflights and FAA approval for full commercial launch license.
Key Takeaways
Virgin Galactic reported its Q2 2021 financial results, showing a net loss of $94 million and revenue of $571 thousand. The company highlighted its successful completion of two spaceflights from New Mexico and the FAA approval to expand its existing launch license.
Successfully completed third spaceflight; first spaceflight from Spaceport America, New Mexico; Unity 21 in May
Received approval from FAA for Full Commercial Launch License in June
Successfully completed fourth spaceflight; first with a full crew; Unity 22 in July
Announced reopening sales, with prices beginning at $450,000 per seat
Forward Guidance
Next rocket-powered spaceflight, Unity 23, is targeted for late-September.
Historical Earnings Impact
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