The Founder and Face of Virgin Galactic, Richard Branson. Photo: Shutterstock Virgin Galactic, founded by billionaire Richard Branson in 2004, has begun selling tickets to space.
The publicly traded company on the NYSE (SPCE) announced this as part of its financial statements for the fourth quarter and full year 2025.
According to her announcement, the plane ticket will cost at least $750,000. In other words, only for the extremely wealthy.
“We completed pivotal milestones during the first quarter of 2026, and with assembly of our first SpaceShip nearly complete and ground testing set to begin in April, we have released a limited number of Virgin Galactic Spaceflight Expeditions, each priced at $750,000,” said company CEO, Michael Kolglaser. He added, “Fabrication efforts are pivoting to support testing and production of our second SpaceShip, which we expect will enter service between late Q4 2026 and early Q1 2027 in line with our planned ramp in spaceflight cadence. With production of SpaceShips well underway, we are gearing up for rocket motor assembly at our Phoenix factory, with manufacturing planned to begin in Q4 2026. We continue to strategically manage our capital to support our planned ramp in cash flow from commercial spaceline operations.”
Highlights of the company's financial results in the fourth quarter of the past year:
Cash balances: $338 million.
Revenue: $0.3 million (vs. $0.4 million in 2024).
Operating expenses: $61 million (vs. $82 million).
Net loss: $63 million (improved from $76 million).
Adjusted EBITDA: minus $49 million.
Operating cash flow: minus $52 million.
Capital investments: $42 million.
Free cash flow: minus $95 million.
Capital raised: $12 million from share sale.
Highlights of the financial results for the full year 2025:
Revenue: $2 million (down from $7 million) due to commercial flight suspension.
Operating expenses: $287 million (down from $384 million).
Net loss: $279 million.
Adjusted EBITDA: minus $226 million.
Operating cash flow: minus $240 million.
Capital investments: $198 million.
Free cash flow: minus $438 million.
Capital raised: $122 million from equity.
The company also announced that it launched a new commercial website and a portal for astronauts, and that it opened space ticket sales. It also made financial moves to adjust debts and reduce liabilities by $142 million.
Virgin Galactic is an aerospace company focused on human spaceflight: for individuals, researchers, and governments, using advanced spacecraft and launch vehicles." Scale and profitability are driven by next-generation vehicles capable of taking humans to space at an unprecedented frequency with an industry-leading cost structure," the company states.