Peter Beck on how Rocket Lab picked up a $100M+ facility for $16M during Virgin Orbit's bankruptcy⁣
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"That was the old Virgin Orbit facility... there was over a $100,000,000 worth of asset in that building. And we managed to buy the whole thing for $16,000,000."

Rocket Lab CEO Peter Beck has contrasted his company's lean development costs with the massive capital burn of Richard Branson’s Virgin companies, notably noting that Virgin Orbit burned through $1.2 billion before going bankrupt, while Rocket Lab built its Electron rocket for under $100 million.

He noted that Virgin Galactic spent over $2 Billion for a suborbital craft, while Rocket Lab spent $700 thousand to launch an orbital craft.

Peter Beck has stated he has no interest in buying a ticket for Virgin Galactic or joining the ranks of space-traveling billionaires, noting that he understands the engineering risks too well to be a comfortable passenger. (emphasis added)

The response is sooooo extraordinary....

or not enough votes?

perhaps 3 or 4 votes per name doesnt make the marketing team happy..

oh wait, they are again advertising for a new director, the position that was just filled 4 weeks ago!

no matter..

Even the simple naming the craft is DELAYED!!!!

On August 18, 2026, Virgin Galactic Holdings, Inc. issued a press release announcing that the U.S. District Court for the Eastern District of New York issued an order on August 14, 2026 granting final approval of the settlement of the consolidated derivative lawsuit captioned In re Virgin Galactic Holdings, Inc. Derivative Litigation, Case No. 1:22-cv-00933 (E.D.N.Y.) and the derivative lawsuit captioned St. Jean v. Branson et al., Case No. 1:22-cv-7551 (E.D.N.Y.). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference.

VG will get $2.75 million, pay 50% to plaintiffs Counsel...

$1.375 million to payoff the $8.5 million class action settlement..

$7.125 million that VG will have to pay to settle the Class action, it is unclear what the settlement amount is for St Jean vs Branson case.

2 lawsuits remain that were stayed pending this final.

Hey guys, if you missed it, Virgin Galactic settled $8.5M with investors over claims that it misled them about its spaceflight technology and safety. I also just found out that late claims are being considered.

Quick recap: In 2021, Virgin Galactic was accused of overstating flight readiness and downplaying safety issues after its Unity 22 flight deviated from its planned path. The FAA later grounded flights, and $SPCE fell sharply. Investors filed a lawsuit.

Now, Virgin Galactic has agreed to settle $8.5M with investors.

If you invested in $SPCE between 2019 and 2021, you can still check the details and see if you may be eligible for a late claim here.

Anyway, did anyone here invest in $SPCE at that time? How much were your losses?

Buy the dip, sell the pop. Rinse and repeat until big updates come and we start flying. Then we hold long term.

Its not a paint job...its an aircraft wrap! How are they going to check for cracks when the craft has a wrap?

Peel the wrap off each flight to check for cracks???

https://spinimaging.com/aerospace/

Looking at the gamma exposure, there a call wall aka resistance at 3.50 and then $5. Frankly I’m not surprised that we’ve so far topped out at $3.47 If we break above 3.50, market makers will have to buy shares to remain delta neutral on their hedges and that will pump us more. But it also means that they will sell shares as we near it keeping us down or pinned there.

At the same time there is a put wall at $3 and $2.50 which means that it’s a good support where they will buy shares around that area. But if we drop below it, they will sell shares which will fuel the drop more.

Disclaimer: I am looking at 2 day old data so it could be different now. But it looks at all the calls and different expirations. So I doubt it’s changed much for farther out or leap calls

I think a cup and handle Pattern is formed. So if it brakes up direction it could be strong. What do you think?

Seems like they finished their dilution (for now). But they delayed their commercial service to February 2027… but they’re sold out with their $750k per ticket seat showing strong demand

Hey guys, if you missed it, Virgin Galactic settled $8.5 million with investors over claims that it misled the market about its spaceflight technology and safety. The deadline to file a claim is tomorrow, August 13, 2026.

In a nutshell, investors accused Virgin Galactic of overstating the readiness and safety of its Unity 22 spacecraft. After the flight deviated from its planned path and the FAA grounded flights, the company delayed its commercial plans and $SPCE fell sharply.

Now, investors have until tomorrow to submit a claim for a share of the $8.5M settlement. If you held $SPCE between 2019 and 2021, check your eligibility before the deadline.

Did anyone here hold $SPCE at the time?

This is the first time for as long as I can remember that I’ve seen this stock act in a normal growth manner. Not massive pumps nor pump and dump. It’s moving in an elevator manner which is showing price stability and people not dumping and slowly accumulating.

The fact that price is holding and slowly moving up is what we want. In the past usually the price pumps in the morning and dumps hard. So far we haven’t been seeing that.

Are they cooking?

Delta will be departing for New Mexico soon. The skies are still softly calling her. Enjoy the ride.

Throw back Thursday!

Remember when you could get a Virgin Galactic range rover, but only if you're an astronaut?

I think they were charging an extra $80-100 grand for the astronaut trim.

Beneficial ownership is determined in accordance with the rules and regulations of the SEC based on 134,024,868 shares of common stock outstanding as of June 15, 2026. In computing the number of common shares beneficially owned by a person and the percentage ownership of that person, we also deemed outstanding shares of common stock issuable upon the exercise of warrants or other convertible securities held by that Selling Stockholder that are exercisable or convertible within 60 days of June 15, 2026*, including the warrants, but subject to any applicable beneficial ownership limitation. We did not deem these shares outstanding, however, for the purpose of computing the percentage ownership of any other person. The inclusion of any shares in this table does not constitute an admission of beneficial ownership for any Selling Stockholder named below.*

https://www.sec.gov/Archives/edgar/data/1706946/000119312526307910/d156471d424b7.htm

ORANGE COUNTY, Calif.--(BUSINESS WIRE)-- Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced that it will report its financial results for the second quarter of 2026 following the close of the U.S. markets on Wednesday, August 12, 2026. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

https://www.youtube.com/watch?v=39P9smQsBV0

Lavin is the first of many: (From the 10K)

Lavin v. the Company

In July 18, 2025, plaintiffs and defendants (“Parties”) executed a Memorandum of Understanding (“MOU”) outlining the terms of a settlement to resolve all claims in the above-referenced action. In connection with the MOU, the Company recorded the expected net settlement of $2.25 million and included it in selling, general and administrative expenses in the accompanying consolidated statements of operations and comprehensive loss for the year ended December 31, 2025. Pursuant to the MOU, the Company has agreed to pay $8.5 million, of which the Company currently expects $6.25 million to be covered and paid directly by the Company’s insurers pursuant to insurance policies. 

On March 11, 2026, the Court entered an order granting preliminary approval of the settlement.  The Company will make all payments related to the settlement by the second quarter of 2026, and expects the Court to provide final approval of the settlement and judgment later in 2026.

Spiteri, Grenier, Laidlaw, St. Jean, and Gera derivatively on behalf of the Company vs. Certain Current and Former Officers and Directors

The parties are currently exploring a potential resolution of the Consolidated Derivative Action and the St. Jean Action

Abughazaleh derivatively on behalf of the Company vs. Certain Current and Former Officers and Directors

The complaint seeks an unspecified sum of damages, interest, restitution, expenses, attorneys’ fees and other equitable relief. The Abughazaleh Action is presently stayed. (pending Lavin)

Espinosa derivatively on behalf of the Company vs. Certain Current and Former Officers and Directors

On February 3, 2026, in light of ongoing settlement discussions in the Consolidated and St. Jean Actions (see above), the parties filed a stipulation seeking to stay the Espinosa Action, including remaining briefing on the Company’s and the Individual Defendants’ motion to dismiss the amended complaint, for 120 days following the Court’s entry of the stay.