Virgin Galactic signs Air Force deal: Susquehanna targets Virgin Galactic stock at USD 3.00

Published on 10/25/2026 at 14:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was USD 134,000 and net loss USD 55.89 million on June 30, 2026. Virgin Galactic stock is tied to a 24-month research agreement.

Research and reporting milestones

Virgin Galactic signed a 24-month Air Force research agreement on October 14, 2026.
Second-quarter revenue was USD 134,000 and net loss was USD 55.89 million for the period ended June 30, 2026.
Susquehanna maintained a USD 3.00 price target on October 7, 2026.
Virgin Galactic is scheduled to report its next results on November 12, 2026.

SPCE, US92766K4031, Illustration mit AI erstellt.

Virgin Galactic signed a 24-month research agreement with the Air Force Research Laboratory on October 14, 2026, while Susquehanna maintained a USD 3.00 price target for Virgin Galactic stock on October 7, 2026. The deal gives the company a second potential role for its next-generation spaceship beyond passenger flights.

Space-weather research expands the plan

According to Virgin Galactic, the agreement will evaluate the next-generation spaceship as a platform for collecting space-weather data. The research term runs for 24 months and involves the AFRL Space Warfare Directorate.

The commercial case is still being built around the same vehicle. The company plans to use its next-generation fleet for private astronauts, scientific research and government missions, creating more than one possible customer group for the program.

What do the latest figures show?

Virgin Galactic reported USD 134,000 of revenue and a GAAP net loss of USD 55.89 million for the second quarter ended June 30, 2026, according to Markets Insider. Revenue was USD 406,000 in the comparable quarter, while the prior-year GAAP net loss was USD 67.28 million, putting the latest revenue figure 66.99 percent below the prior-year level and the loss 16.93 percent narrower.

Chronology matters for investors. On August 12, 2026, the second-quarter update set February 2027 as the target for the first Delta-class commercial flight. On October 5, 2026, Chief Financial Officer Douglas Ahrens exercised 1,377 restricted stock units, according to StockTitan. On October 14, 2026, Virgin Galactic announced the Air Force research agreement.

Which dates matter next?

EarningsToday lists November 12, 2026, as the next scheduled reporting date. The company also targets an October 2026 captive-carry test and February 2027 commercial service, according to Nexi Fund. Those milestones connect the research agreement with the timing of the next vehicle program.

Target and execution remain linked

Susquehanna analyst Charles Minervino kept a Hold rating and a USD 3.00 target on October 7, 2026, according to Markets Insider. The target sits beside a business that reported USD 187.34 million in cash and cash equivalents as of June 30, 2026, while operating cash flow for the second quarter was negative USD 50.17 million. The next test dates therefore carry operational importance as well as news value.

Virgin Galactic keeps building the next vehicle

Virgin Galactic is listed on the NYSE under ticker SPCE and operates in the aerospace and defense industry. Its near-term investment narrative combines a 24-month government research program with a February 2027 commercial-flight target and quarterly revenue of USD 134,000 for the second quarter of 2026.

The further course of trading is shown by the continuously updated real-time quote of Virgin Galactic stock.