Virgin Galactic Shares Surge 23% on Q1 Revenue Beat, 2026 Flight Plans

Virgin Galactic's stock surged between 14% and 26% following its Q1 2025 earnings report, which showed $460,000 to $461,000 in revenue and a reduced net loss of $84 million. The company reaffirmed plans to resume commercial spaceflights in summer and fall 2026 with its upgraded Delta-class spacecraft, designed to carry six passengers and enable more frequent flights. Despite ongoing cash burn—expected to reach $650 million by the end of 2026 before turning positive free cash flow in 2027—Virgin Galactic maintains a strong liquidity position with $567 million in cash. The company also announced intentions to raise spaceflight ticket prices and is exploring a second spaceport in Italy to expand operations. Analysts' average price target suggests a potential upside of over 160% from current stock levels, reflecting cautious optimism amid the company's long-term vision to operate a 'spaceline' with multiple ships and spaceports. Investor sentiment remains bullish despite the slow revenue growth, driven largely by anticipation of future commercial operations and fleet upgrades.