Virgin Galactic Holdings (SPCE) Reports Q3 Net Loss of $51.5 Million

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Go back to Virgin Galactic Holdings (SPCE) Reports Q3 Net Loss of $51.5 Million

Virgin Galactic Announces Third Quarter Fiscal 2019 Financial Results

November 12, 2019 4:05 PM EST

MOJAVE, Calif.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (VG or the Company), a vertically integrated aerospace company, today announced financial results for its third quarter of fiscal year 2019.

Third quarter results for VG reflect the three months ended September 30, 2019, prior to the closing on October 25, 2019 of the recent business combination (the Business Combination) between VGs predecessor, VGH, LLC, and Social Capital Hedosophia, a public investment vehicle. The Business Combination provided net proceeds to VG of over $430 million, which VG intends to use to fund its operations. Pre-transaction owners of VGH, LLC... More