Turns out this space thing really is hard
Virgin Galactic has delayed its return to commercial spaceflight until February 2027, and plans to raise ticket prices later this year.The delay was disclosed alongside the company's financial results, which showed a net loss of $56 million for the second quarter of 2026, down from $67 million a year earlier. Revenue for the quarter was $0.1 million, compared to $0.4 million in 2025.According to CEO Michael Colglazier, demand exceeded the number of seats offered in the first $750,000 batch, prompting the company to prepare another at a higher price. Those customers will, however, have to wait a little longer. Colglazier said: "Our first ship is now expected to enter commercial service in February 2027 rather than the fourth quarter of 2026."
He blamed the delay on the extra time needed to "complete avionics and systems installations."
During an earnings call, Colglazier said: "No single issue is driving the schedule push. Rather, we have experienced modest time duration extensions across hundreds of relatively small but important installation tasks involved in the first build of our new spaceship."In response to an analyst question, Colglazier elaborated: "The number of those kind of 'Oh, we did not expect this to not fit just perfectly,' coming in is higher than we had allotted for. That just has started to accumulate on us. It really picked up at the tail end of July. For a bit, we thought we could manage that end, but the team just needed more time to do it the correct way."
