Virgin Galactic stock: Debt overhaul and dilution fears cloud 2026 profit hopes
Virgin Galactic repurchased $354.6 million of 2027 convertible notes and issued $212.5 million in new secured debt, along with stock and warrants, SEC filings show. Shares closed at $3.29 Friday. The company faces investor doubts about reaching profitability in 2026 as it remains grounded and burns cash. Analysts expect a $240 million loss next year.