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Acquired / Case file

Virgin Galactic

Numbers

What the show said, with receipts

Every figure the hosts put on the record for Virgin Galactic, with its source and the date it was captured. The audited statements from the company's own filings are under Financials.

3 figures1 source0 current or recent

Freshness

0

Current (≤6 mo)

0

Recent (≤18 mo)

3

Older

Freshness is measured from each figure’s capture date, not from the episode date. An older figure is not wrong; it is a figure that has had time to move.

Reported figures

Flight reservations

13 yr

640

About $80 million prepaid by August 2013

[Acquired: Virgin Galactic (November 2020)] · as of 2013-08

  • Acquired cites 640 reservations and roughly $80 million of prepaid flight reservations.
    [Acquired: Virgin Galactic (November 2020)]
    Source

Cash into transaction

7 yr

$774M

$674M from the SPAC plus $100M from Chamath

[Acquired: Virgin Galactic (November 2020)] · as of 2019-10

  • The episode breaks down $774 million entering the deal before insider purchases and transaction fees.
    [Acquired: Virgin Galactic (November 2020)]
    Source

LTM operating loss

7 yr

$173M

On $4 million revenue through June 2019

[Acquired: Virgin Galactic (November 2020)] · as of 2019-06

  • Acquired cites the merger filing's trailing financials to show how nontraditional the public listing was.
    [Acquired: Virgin Galactic (November 2020)]
    Source