Virgin Galactic Holdings, Inc. today announced its financial results for the fourth quarter and full year ended December 31, 2024 and provided a business update.

CEO Michael Colglazier said, "We are excited to share that our first spaceflight with our new Delta SpaceShips is planned for summer 2026. This first spaceflight will carry scientific research, and we expect to begin private astronaut spaceflights in the fall of 2026. We have made tremendous progress with the fabrication of tools and parts, and assembly of the first SpaceShip begins next month in Phoenix.”

Business Updates

- Production schedule for Delta Class SpaceShips remains on track for commercial service in 2026.

- Contract executed with Redwire for the design and production of next-generation SpaceShip research payload lockers.

- SpaceShip Factory completes on-boarding of team and begins assembly of first SpaceShip in March 2025.

- Work advances on feasibility study with Italy's civil aviation authority for potential second spaceport.