Virgin Galactic Holdings, Inc. (NYSE: SPCE) notified all employees today, Tuesday, November 7 of a strategic realignment of the Company’s resources and a related workforce reduction to support the production of its Delta Class spaceships.

Virgin Galactic’s senior leadership will share additional details on the Company’s third-quarter earnings call, scheduled for 2:00 PM PT Wednesday, November 8, 2023.

Please refer to internal memo below sent to all employees at Virgin Galactic from CEO, Michael Colglazier.