Virgin Galactic Files 2024 10-K
Ticker: SPCE · Form: 10-K · Filed: 2025-02-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, space-tourism
Related Tickers: SPCE
TL;DR
SPCE filed its 2024 10-K. Full financials out now.
AI Summary
Virgin Galactic Holdings, Inc. filed its 2024 10-K on February 26, 2025, reporting its fiscal year ending December 31, 2024. The company, operating in transportation services, provided financial data for the periods ending December 31, 2024, and December 31, 2023. Key financial metrics and business operations for the fiscal year were detailed in the filing.
Why It Matters
This filing provides a comprehensive overview of Virgin Galactic's financial health and operational status for the past fiscal year, crucial for investors assessing the company's future prospects in the space tourism industry.
Risk Assessment
Risk Level: high — The company operates in a nascent and capital-intensive industry (space tourism) with significant technological and regulatory hurdles, leading to inherent high risk.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2023-12-31 — Prior Year End (Comparison period for financial data)
Key Players & Entities
- Virgin Galactic Holdings, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-26 (date) — Filing date
- Tustin, CA (location) — Company business address
FAQ
What was Virgin Galactic's total revenue for the fiscal year ending December 31, 2024?
The provided text does not contain specific revenue figures for the fiscal year ending December 31, 2024. It indicates the filing date and fiscal year end but omits detailed financial statements.
What is Virgin Galactic's primary business segment?
Virgin Galactic Holdings, Inc. is classified under 'TRANSPORTATION SERVICES [4700]' according to its SIC code.
When was Virgin Galactic Holdings, Inc. formerly known as Social Capital Hedosophia Holdings Corp.?
The date of the name change from Social Capital Hedosophia Holdings Corp. to Virgin Galactic Vehicle Holdings, Inc. (and subsequently Virgin Galactic Holdings, Inc.) was October 25, 2019.
What is the SEC file number for this Virgin Galactic 10-K filing?
The SEC file number for this filing is 001-38202.
What is the company's business address?
The company's business address is 1700 Flight Way, Tustin, CA 92782.
From the Filing
0001706946-25-000038.txt : 20250226 0001706946-25-000038.hdr.sgml : 20250226 20250226163115 ACCESSION NUMBER: 0001706946-25-000038 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 109 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Virgin Galactic Holdings, Inc CENTRAL INDEX KEY: 0001706946 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 853608069 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38202 FILM NUMBER: 25670648 BUSINESS ADDRESS: STREET 1: 1700 FLIGHT WAY CITY: TUSTIN STATE: CA ZIP: 92782 BUSINESS PHONE: (575) 424-2100 MAIL ADDRESS: STREET 1: 1700 FLIGHT WAY CITY: TUSTIN STATE: CA ZIP: 92782 FORMER COMPANY: FORMER CONFORMED NAME: Virgin Galactic Vehicle Holdings, Inc DATE OF NAME CHANGE: 20191025 FORMER COMPANY: FORMER CONFORMED NAME: Social Capital Hedosophia Holdings Corp. DATE OF NAME CHANGE: 20170517 10-K 1 spce-20241231.htm 10-K spce-20241231 FALSE 2024 FY 0001706946 0.05 http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet 0.0039098 http://fasb.org/us-gaap/2024#Liabilities http://fasb.org/us-gaap/2024#Liabilities iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure spce:segment spce:day spce:plan spce:employee spce:allegedShareholder 0001706946 2024-01-01 2024-12-31 0001706946 2024-12-31 0001706946 2023-12-31 0001706946 2024-06-30 0001706946 2025-02-14 0001706946 2024-10-01 2024-12-31 0001706946 2023-01-01 2023-12-31 0001706946 us-gaap:CommonStockMember 2022-12-31 0001706946 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001706946 us-gaap:RetainedEarningsMember 2022-12-31 0001706946 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001706946 2022-12-31 0001706946 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001706946 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001706946 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001706946 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001706946 us-gaap:CommonStockMember 2023-12-31 0001706946 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001706946 us-gaap:RetainedEarningsMember 2023-12-31 0001706946 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001706946 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001706946 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0001706946 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001706946 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001706946 us-gaap:CommonStockMember 2024-12-31 0001706946 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001706946 us-gaap:RetainedEarningsMember 2024-12-31 0001706946 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001706946 us-gaap:CommonStockMember 2024-06-14 2024-06-14 0001706946 us-gaap:BuildingMember 2024-12-31 0001706946 srt:MinimumMember us-gaap:AirTransportationEquipmentMember 2024-12-31 0001706946 srt:MaximumMember us-gaap:AirTransportationEquipmentMember 2024-12-31 0001706946 srt:MinimumMember us-gaap:MachineryAndEquipmentMember 2024-12-31 0001706946 srt:MaximumMember us-gaap:MachineryAndEquipmentMember 2024-12-31 0001706946 srt:MinimumMember spce:ITSoftwareAndEquipmentMember 2024-12-31 0001706946 srt:MaximumMember spce:ITSoftwareAndEquipmentMember 2024-12-31 0001706946 us-gaap:CashMember 2024-12-31 0001706946 us-gaap:MoneyMarketFundsMember 2024-12-31 0001706946 us-gaap:USTreasurySecuritiesMember 2024-12-31 0001706946 us-gaap:CorporateDebtSecuritiesMember 2024-12-31 0001706946 us-gaap:CashMember 2023-12-31 0001706946 us-gaap:MoneyMarketFundsMember 2023-12-31 0001706946 us-gaap:USTreasurySecuritiesMember 2023-12-31 0001706946 us-gaap:CorporateDebtSecuritiesMember 2023-12-31 0001706946 us-gaap:LandMember 2024-12-31 0001706946 us-gaap:LandMember 2023-12-31 0001706946 us