Virgin Galactic signs Air Force deal. Goldman cuts target for Virgin Galactic stock to USD 3.05

Published on 10/20/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 134,000 and net loss USD 55.89 million. Virgin Galactic stock costs EUR 2.11 on October 20, 2026 in Berlin trading.

Commercial space economics and research

The Air Force agreement announced on October 14, 2026, runs for 24 months.
Second-quarter 2026 revenue was USD 134,000, while the net loss reached USD 55.89 million.
Virgin Galactic stock traded at EUR 2.11 at 1:15 p.m. CEST at Lang & Schwarz on October 20, 2026.
Goldman Sachs cut its target from USD 3.50 to USD 3.05 on October 12, 2026.
The estimated third-quarter reporting date is November 12, 2026.

SPCE, US92766K4031, Illustration mit AI erstellt.

Virgin Galactic (ISIN US92766K4031) was trading at EUR 2.11 at Lang & Schwarz on October 20, 2026 at 1:15 p.m. CEST. The company announced a 24-month Air Force research agreement on October 14, while Goldman Sachs cut its target from USD 3.50 to USD 3.05 on October 12. The latest figures show why the research opportunity matters alongside the companys cash needs.

Air Force agreement adds a new use

According to Virgin Galactic, the Air Force Research Laboratory will evaluate sensors for the companys next-generation spaceship. The mission is to collect space-weather data during flight, giving the future fleet a research role beyond passenger operations.

Chronology puts the development in context. On August 12, 2026, second-quarter revenue was USD 134,000 and the GAAP net loss was USD 55.89 million, according to Markets Insider. On October 14, the company announced the 24-month Air Force agreement. On October 18, ticket sales were reported at USD 750,000 per seat, up from USD 600,000, according to Yahoo Finance.

What does the ticket price change?

The higher ticket price offers a measurable test of pricing power, but it does not remove the funding challenge. Virgin Galactic reported USD 55.89 million of net loss in the second quarter, while its revenue was only USD 134,000. The contrast leaves the company dependent on successful testing and a transition toward commercial flights.

Goldman Sachs maintained a Hold rating and lowered its target from USD 3.50 to USD 3.05 on October 12, 2026, as reported by Moomoo. The next reporting date is estimated as November 12, 2026, according to MarketBeat.

Dates and valuation

Virgin Galactic is listed on the NYSE under ticker SPCE. Its market capitalization was USD 300.8 million on October 19, 2026, and the quoted 52-week range was USD 2.13 to USD 8.90. The company operates in the aerospace and defense industry and is developing spaceships for commercial and research missions.

Virgin Galactic was trading at EUR 2.11 at Lang & Schwarz on October 20, 2026 at 1:15 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Virgin Galactic stock.