Risk factors

Virgin Galactic Holdings (SPCE) risk factors

Item 1A of every Virgin Galactic Holdings, Inc. 10-K on file, and what changed from one year to the next.

  • FY2025 10-K risk factors

    60 risks, 6 new, 5 dropped, 10 reworded since the prior year. Virgin Galactic added significant debt restructuring risks following $282.9M in new borrowings and pushed next-generation spaceship testing to Q3 2026.

    Filed Mar 30, 2026
  • FY2024 10-K risk factors

    59 risks. Virgin Galactic faces heavy ongoing net losses, commercial flight pauses, and intense reliance on developing and scaling Delta Class spaceships.

    Filed Feb 26, 2025