Virgin Galactic reveals new ship, but it's running out of time and cash

Virgin Galactic has completed assembly of its first Delta-class SpaceShip and begun ground testing in April 2026, with a second ship expected to enter service between late Q4 2026 and early Q1 2027. The company holds $338 million in cash but faces ongoing going-concern uncertainty as development costs burn approximately $460 million in negative free cash flow annually, creating serious funding challenges.

Source: Ars Technica | 2026-05-01