Virgin Galactic (SPCE) Q2 FY26 earnings call

The company has adjusted its first commercial spaceflight to February 2027 due to minor installation delays on its new spaceship, while maintaining its 2027 positive cash flow target. Strong demand for spaceflights at higher price points has led to an oversubscribed booking tranche, and the company continues to build out its fleet with favorable unit economics. Management is focused on scaling operations and achieving significant adjusted EBITDA from multiple spaceships and spaceports.