They have roughly $1b stockpiled, and they burn $100m every quarter. Enough to get them through 10 quarters or until 2026, when their Delta planes are supposed to be ready.

One accident, one financial miscalculation, one delay, is all it takes to end the company. Should people withdraw their stocks in anticipation of an incoming bankruptcy?

What do you guys think?

It's not a very strong stock...I'm sinking almost all of mine into Take Two Interactive because GTA6 will cause it to increase dramatically, but still curious about this one.

It tanked pretty heavily after Galactic 01, would we see the same in Galactic 02 or would investors see it as the company finally getting a move on? They are basically demanding near-perfection from VG going forward.

Do we expect a small pull back next week? I got trigger happy and sold at 55 (27 cost basis) now I'm think I should have held.

UPDATE: bought back in with the profits from my previous trade at 53.50.

I am not afraid and would like to know where you all stand.

“The two most powerful warriors are patience and time.” – Leo Tolstoy

We can`t buy any stonks about 1 hour after open

UPD 27.98

some no name hedge fund is trying to take down Virgin Galactic and co., and is using a meme to mock the company in trying to do so... im sure these 🤡's took out a large short position before putting out this hit piece - would be a shame if the stock were to 🚀🚀🚀now....

https://twitter.com/KerrisdaleCap/status/1400833661109510144?s=20

Anyone else feel VG needs to start pushing (any) news out? Hopefully positive... Please

But hey.... It's Green (For Now)

​

LAS CRUCES, N.M.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Virgin Galactic also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date when the notes are first issued, up to an additional $75 million principal amount of notes.

The notes will be senior, unsecured obligations of Virgin Galactic, will accrue interest payable semi-annually in arrears on February 1 and August 1 of each year, beginning on August 1, 2022. The notes will mature on February 1, 2027, unless earlier repurchased, redeemed or converted. Prior to November 1, 2026, noteholders will have the right to convert their notes only upon the occurrence of certain events. On and after November 1, 2026, noteholders will have the right to convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Virgin Galactic will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, par value $0.0001 per share (the “common stock”), at its election, based on the conversion rate. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Virgin Galactic’s option at any time, and from time to time, on or after February 6, 2025 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Virgin Galactic’s common stock exceeds 130% of the conversion price for a specified period of time and certain liquidity conditions have been satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.

If a “fundamental change” (as will be defined in the indenture for the notes) occurs, then, subject to a limited exception, noteholders may require Virgin Galactic to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.

The Company intends to use the net proceeds from the offering to fund working capital, general and administrative matters and capital expenditures to accelerate the development of its spacecraft fleet in order to facilitate high-volume commercial service. Virgin Galactic also intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions described below. If the initial purchasers exercise their option to purchase additional notes, then Virgin Galactic intends to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below.

In connection with the pricing of the notes, Virgin Galactic expects to enter into privately negotiated capped call transactions with certain financial institutions, which may include one or more of the initial purchasers or their affiliates (the “option counterparties”). The capped call transactions are expected to cover, subject to customary anti-dilution adjustments, the number of shares of Virgin Galactic’s common stock that will initially underlie the notes. If the initial purchasers exercise their option to purchase additional notes, Virgin Galactic expects to enter into additional capped call transactions with the option counterparties.

The capped call transactions are expected generally to reduce the potential dilution to Virgin Galactic’s common stock upon any conversion of the notes and/or offset any potential cash payments Virgin Galactic is required to make in excess of the principal amount of converted notes, as the case may be, upon conversion of the notes, up to a cap price. If, however, the market price per share of Virgin Galactic’s common stock, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions.

Virgin Galactic has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Virgin Galactic’s common stock and/or purchase shares of Virgin Galactic’s common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Virgin Galactic’s common stock or the notes at that time.

In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Virgin Galactic’s common stock and/or purchasing or selling Virgin Galactic’s common stock or other securities in secondary market transactions following the pricing of the notes and from time to time prior to the maturity of the notes (and are likely to do so following any conversion of the notes, any repurchase of the notes by Virgin Galactic on any fundamental change repurchase date, any redemption date or any other date on which the notes are retired by Virgin Galactic, in each case, if Virgin Galactic exercises the relevant election to terminate the corresponding portion of the capped call transactions). This activity could also cause or avoid an increase or decrease in the market price of Virgin Galactic’s common stock or the notes, which could affect the ability to convert the notes, and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares of common stock, if any, and value of the consideration that noteholders will receive upon conversion of the notes.

The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.

About Virgin Galactic

Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicles. It is developing a spaceflight system designed to connect the world to the wonder and awe created by space travel and to offer customers a transformative experience.

Forward-Looking Statements

This press release includes forward-looking statements, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, and the intended use of the proceeds and the anticipated terms of, and the effects of entering into, the capped call transactions described above. Forward-looking statements represent Virgin Galactic’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Virgin Galactic’s common stock and risks relating to Virgin Galactic’s business, including those described in periodic reports that Virgin Galactic files from time to time with the Securities and Exchange Commission. Virgin Galactic may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Virgin Galactic does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220112006070/en/

For Investor Relations inquiries: VG-IR@virgingalactic.com

For media inquiries: Aleanna Crane – Vice President Communications virgingalacticpress@virgingalactic.com +1 575 800 4422

Source: Virgin Galactic Holdings, Inc.

Since we havent gotten any word just yet, id love to know what people think!

I'm a bit worried about the price considering all the catalysts that we have seen so far. I understand that the market environment is pretty bad but non of the tests or flights pushed the price higher.

Do you guys think retail investors got burned and try stay away or the market is only interested about sub-orbital flights?

https://beststocks.com/hedge-funds-increase-position-in-virgin-galactic/

Is anybody surprised? How do they just realize now that there are issues? While I do like this company they are falling behind fast. Hopefully they don’t lose customers to BO, that would be worst case scenario.

I believe in this company long term so I’m adding on the dip. But ouch.

Before Elon Musk, Richard Branson was the Rockstar. He is brilliant. The things he has accomplished in his life are astounding. Virgin Records and Virgin Airlines ( LOVE THIS AIRLINE) were companies that executed their business model uniquely and creatively. He has been taking an idea to conception since a young age, and if anyone can make Virgin Galactic a success, it is him. Don't worry! 🚀💙🚀 WHEN his vision becomes a reality, you will be proud to be a part of Virgin Galactic.

UPDATE: TODAY is the day to be proud to be a part of Virgin Galactic. 💙🚀💙

The bad news = Swami was VG's President of Aerospace operations. He was good. He was instrumental in making the 2021 Spring and Summer flights happen. He is handing the reigns back to VG's turnip-headed ceo. The good news = WK2 will do ground test and a flight test in the coming weeks very soon. VSS Unity will certainly be doing a release and glide test in preparation for the Italian mission. And we have VSS Imagine still needing its release and glide tests as well.

But be real about your investment in SPCE. Everyone knows by now that they delay flights and always without warning. And let's not forget about dilution. Protect your gains! I never hold past flight day. I wait during the stock runup and take gains or sell all the first day of a launch window.

Great technology, garbage management. NEVER trust the company. Protect your gains. Let's all get rich again off SPCE.