Why Virgin Galactic Stock Rocketed Today
2026-03-31 11:47:15 ET
Virgin Galactic (NYSE: SPCE) stock soared 17.3% through 11:10 a.m. ET Tuesday, despite reporting big GAAP losses last night.
With its space tourism rocket fleet still grounded, the company reported $0.3 million in revenue for the quarter, and $1.5 million for all of 2025. Losses totaled $0.98 per share for the quarter, and $5.44 per share for the year. (Per share losses would have been higher, but Virgin Galactic issued so many shares over the past year -- more than doubling its share count -- that losses were spread out among many more shares outstanding.)
Free cash flow was deeply negative, with Virgin burning $94.6 million in Q4 and $438.2 million for 2025.
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