Virgin Galactic announces settlement of derivative actions
The settlement resolves shareholder derivative lawsuits, with a $2.75 million payment from insurers and governance reforms.
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Suborbital spaceflight services provider
virgingalactic.comLast updated
In short: Virgin Galactic expanded its fleet and index presence while managing financial restructuring and a return to commercial spaceflight.
The settlement resolves shareholder derivative lawsuits, with a $2.75 million payment from insurers and governance reforms.
These flights support pilot training and operational readiness ahead of new Spaceship operations, with glide tests expected in Q3 2026 and commercial flights in Q4 2026.
The company reports a $65 million net loss and $251 million cash, progressing with SpaceShip ground tests and construction.
Net loss improved to $63 million in Q4, cash at $338 million. Commercial spaceflights expected in Q4 2026.
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