VIRGIN GALACTIC BEGINS CONSENT SOLICITATION FOR 9.80% FIRST LIEN NOTES SET TO MATURE IN 2028 ON APRIL 20, 2026 - SEC FILING
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2026
0mins
Should l Buy SPCE?
Source: moomoo
- Company Announcement: Virgin Galactic has initiated a solicitation for consent regarding its 9.80% first lien notes due in 2028.
- Filing Date: The solicitation process is set to begin on April 20, 2026, as part of their SEC filing.
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Analyst Views on SPCE
Wall Street analysts forecast SPCE stock price to rise
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 2.510
Low
2.30
Averages
3.43
High
4.50
Current: 2.510
Low
2.30
Averages
3.43
High
4.50
About SPCE
Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which offers access to space for private individuals, researchers, and government agencies. The Company’s operations include design and development, manufacturing, ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The Company has developed a portfolio of proprietary technologies that are embodied in the specialized vehicles that it has created to enable commercial spaceflight. These technologies underpin its carrier aircraft, the mothership; its spaceships; its hybrid rocket motor; and its safety systems. Its Carrier Aircraft-The mothership is a twin-fuselage, custom-built aircraft designed to carry spaceships up to an altitude of approximately 45,000 feet, where the spaceship is released for its flight into space. Its Virgin Galactic spaceships are reusable with the capacity to carry pilots and private astronauts, research experiments and researchers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stock Rebound: Virgin Galactic's stock rose 2.36% to $2.39 on Thursday, breaking a six-day losing streak, although it has dropped over 20.21% in the past six days, underperforming the S&P 500's 0.38% gain.
- Ticket Price Adjustment: The company priced spaceflight tickets at $750,000 last month, about $100,000 higher than previous offerings, as it aims to develop a more reusable spacecraft, facing challenges since halting commercial flights in June 2024.
- Earnings Miss: Virgin Galactic reported a loss of $0.98 per share in its latest earnings report, with revenue falling 27.9% year-over-year to approximately $312,000, failing to meet market expectations and reflecting pressure on profitability.
- Analyst Ratings: According to Seeking Alpha's quant ratings, SPCE carries a “Hold” rating with a score of 2.73, reflecting a D- for profitability, while growth and valuation score A- and A respectively, although some analysts remain optimistic about potential upside if key execution milestones are achieved.
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- Settlement Amount: The U.S. District Court has approved an $8.5 million class action settlement between Virgin Galactic and Social Capital Hedosophia, aimed at resolving all claims from July 10, 2019, to August 4, 2022, providing some compensation to affected shareholders despite the relatively modest amount.
- Hearing Schedule: A fairness hearing is set for July 9, 2026, to evaluate the settlement's fairness and reasonableness, and if approved, it will dismiss the action against the defendants, impacting the rights of all participating shareholders in the settlement.
- Claim Submission Requirements: Affected shareholders must submit a claim form by August 13, 2026, or risk losing their eligibility to share in the settlement fund, highlighting the importance of timely action which may lead to some shareholders missing out on compensation.
- Exclusion and Objection Procedures: Shareholders wishing to opt-out must submit a request by June 18, 2026, and any objections to the settlement must be filed by June 9, 2026, ensuring shareholders are informed and can participate in the proceedings.
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Amendments Overview: The recent amendments to the Virgin Galactic regulations provide greater flexibility for the redemption of first lien notes.
Redemption Price Stability: Despite the changes, the redemption price for these notes remains unchanged, ensuring consistency for investors.
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Bond Issuance: Virgin Galactic has entered into a supplemental indenture for its 9.80% first lien notes due in 2028.
Filing Date: The supplemental indenture was filed on April 24, 2026.
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Virginia Galactica's Initiative: Virginia Galactica is seeking amendments to facilitate redemptions of first lien notes.
Focus on Secured Financing: The amendments aim to enhance the process of securing financing through the restructuring of existing debt obligations.
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- Company Announcement: Virgin Galactic has initiated a solicitation for consent regarding its 9.80% first lien notes due in 2028.
- Filing Date: The solicitation process is set to begin on April 20, 2026, as part of their SEC filing.
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