Virgin Galactic stock weighs launch delay against October test flight

Published on 09/28/2026 at 21:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Virgin Galactic stock was trading at USD 3.19 on September 28, 2026, with a 52-week range of USD 2.13 to USD 8.90. Q2 revenue missed forecasts.

SPCE, US92766K1060, Illustration mit AI erstellt.

Virgin Galactic stock was trading at USD 3.19 on the NYSE at 3:28 p.m. ET on September 28, 2026, down 0.16 percent from the prior close. The company is approaching an October test flight before its planned first commercial flight in February 2027, according to Boerse Express on September 16, 2026.

October testing carries the story

The planned captive-carry flight is intended to validate technical systems ahead of regular service. Boerse Express reported that rocket production is scheduled to begin in the fourth quarter of 2026 and that management is targeting more than 10 flights per month once the fleet scales.

The schedule puts execution ahead of near-term revenue. The February 2027 commercial launch follows the October test phase, leaving the stock tied closely to technical milestones rather than current sales.

Revenue remains the pressure point

Virgin Galactic reported Q2 2026 adjusted loss per share of USD 0.50 against a USD 0.65 consensus loss, a 23.08 percent positive surprise. Revenue was USD 134,000 versus a USD 1.06 million forecast, a 87.36 percent shortfall, according to Investing.com on August 12, 2026.

The latest quarterly data show the transition cost. Net loss reached USD 55.89 million in Q2 2026, compared with USD 64.72 million in Q1 2026, while operating cash flow was negative USD 50.17 million in Q2, according to the same Q2 earnings data.

Analyst target stays below price

Morgan Stanley lowered its price target from USD 2.05 to USD 2.00 on August 17, 2026, while retaining an Underweight rating, according to Boerse Express. The target is USD 1.19 below the September 28 intraday price, making the analyst view a direct counterweight to the planned flight milestones.

Stock trades below yearly high

SPCE had a market capitalization of USD 409.4 million and volume of 2,425,151 shares at 3:28 p.m. ET on September 28, 2026. Its 52-week range was USD 2.13 to USD 8.90, while the next earnings report is scheduled for November 11, 2026, according to Investing.com.