← Back to the club

Virgin Galactic

SpaceUSA
📉 Public < $1B
Peak $13 BillionToday
~-96%
from peak
  1. 🦄
    Became a unicorn
    Oct 2019
  2. 📈
    Peak valuation
    $13 Billion ’21
  3. 💔
    Became a Unitard
    ~2022
  4. 💸
    Last valuation
    ~$520M
Current status
Public ~$0.2-0.5B (2026)

How it happened

Virgin Galactic is a commercial spaceflight company aiming to fly tourists to suborbital space, reaching a ~$13B valuation after its 2021 trading peak following a 2019 SPAC listing. Repeated delays in commercial service, limited flight cadence, and heavy cash burn eroded investor confidence. Its public market capitalization fell roughly 96% to around $0.2-0.5B by 2026.

Source: Macrotrends/CMC May 2026