---
title: "Virgin Galactic Soars: Sales Hit $7 Million, Earnings Improve!"
description: "Virgin Galactic Holdings (NYSE:SPCE) reported $7 million in revenue for 2024, matching last year's figures, despite pausing commercial spaceflights to focus on Delta Class SpaceShip production. The co"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/232834023.md"
published_at: "2025-03-22T18:20:40.000Z"
---

# Virgin Galactic Soars: Sales Hit $7 Million, Earnings Improve!

> Virgin Galactic Holdings (NYSE:SPCE) reported $7 million in revenue for 2024, matching last year's figures, despite pausing commercial spaceflights to focus on Delta Class SpaceShip production. The company reduced total operating expenses by 29%, ending the year with $657 million in cash. Although they posted a net loss of $347 million, down from $502 million in 2023, Virgin Galactic is set to begin commercial service in 2026 and is transitioning towards a more asset-focused model. Investors are encouraged to consider buying the stock as the company builds for the future.

Ladies and Gentlemen, buckle up! We've got a rocket ship of a story to tell you about virgin galactic Holdings (NYSE:SPCE). This space tourism pioneer just reported its earnings for the fourth quarter and full year ended December 31, 2024, and the numbers are out of this world! Let's dive in and see what's making this stock a must-own!

First things first, let's talk about the elephant in the room: REVENUE! Virgin Galactic brought in a cool $7 million for the year, matching last year's numbers. But here's the kicker: the company paused commercial spaceflights to focus on producing the Delta Class SpaceShips. That's right, folks! They're building the future, and it's going to be a game-changer!

Now, let's talk about expenses. The company slashed its GAAP total operating expenses by a whopping 29% year-over-year, from $538 million in 2023 to $384 million in 2024. Non-GAAP total operating expenses also took a nosedive, from $476 million to $338 million. This is a massive win for the company, and it shows that they're serious about getting their financial house in order.

But wait, there's more! Virgin Galactic ended the year with a cash position of $657 million, which is more than enough to fuel their ambitions. They also generated $138 million in gross proceeds through an equity offering program. This is a company that's not just talking the talk, but walking the walk!

Now, let's talk about the future. Virgin Galactic is on track to begin commercial service with the Delta Class SpaceShips in 2026. They've already executed a contract with Redwire for the design and production of next-generation SpaceShip research payload lockers, and the SpaceShip Factory has begun assembly of the first SpaceShip. This is a company that's building for the future, and it's going to be a wild ride!

But here's the thing, folks: Virgin Galactic is still in the red. They reported a net loss of $347 million for the year, down from $502 million in 2023. But don't let that fool you! The company is making all the right moves, and it's only a matter of time before they start seeing the fruits of their labor.

So, what's the bottom line? Virgin Galactic is a company on the move, and it's a stock that you need to own. The company is transitioning from an R&D-focused entity to an asset-building powerhouse, and the results are already starting to show. With a strong cash position, a focus on cost-cutting, and a clear path to commercialization, Virgin Galactic is poised for greatness.

So, do yourself a favor and get in on the action. Buy Virgin Galactic now, and hold on tight! This is a company that's going places, and you don't want to miss out on the ride of a lifetime!

### Related Stocks

- [SPCE.US - Virgin Galactic](https://longbridge.com/en/quote/SPCE.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Virgin Galactic  ( SPCE )  Reports Q3 Loss, Lags Revenue Estimates | Virgin Galactic (SPCE) delivered earnings and revenue surprises of +27.81% and -10.98%, respectively, for the quarter en | [Link](https://longbridge.com/en/news/265824746.md) |
| Elon Musk Says SpaceX Will Launch Starship 'Every Hour' In Three Years | Elon Musk predicts that SpaceX's Starship rocket will launch every hour within three years, enhancing ambitions for Moon | [Link](https://longbridge.com/en/news/276324951.md) |
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| NASA Completes First Flight Of Laminar Flow Scaled Wing Design | NASA has successfully completed the first flight test of a scale-model wing designed to enhance laminar flow, which aims | [Link](https://longbridge.com/en/news/276111590.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
