Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.
Virgin Galactic has successfully raised $300 million via an "at the market" offering of common stock, the company disclosed in a securities filing Thursday.
Shares of Virgin Galactic have rallied since the company announced plans to launch its first commercial spaceflight by the end of this month.
Virgin Galactic had cash and securities totaling $874 million at the end of the first quarter, it reported in May.
The company has a single carrier aircraft, VMS Eve, and one spacecraft, VSS Unity, which it has said can conduct flights as frequently as once a month.
Organizations:
Carrier, VSS, Virgin Galactic, Galactic, VSS Unity, Delta