What is SPCE's current risk tier?

MODERATE / CAUTION — No fatal flags, but the structure is not pristine. Read the evidence.

How many months of cash runway does SPCE have?

SPCE has approximately 28.0 months of cash runway based on the most recent SEC filings.

What is SPCE's dilution risk score?

SPCE has a dilution risk score of 104 / 100. Active heavy dilution detected.

What's driving dilution at SPCE?

SPCE — High Dilution Risk. Share count changed by +103.6%. No active dilution drivers detected in latest filing.

Risk Audit · Cached SEC Snapshot

SPCE Risk Audit — Dilution, Cash Runway, and SEC Filings

Virgin Galactic Holdings, Inc

TL;DR

MODERATE / CAUTION — No fatal flags, but the structure is not pristine. Read the evidence.
Doomsday Clock: 28.0mo of cash before the company exhausts its operating runway.
Dilution Risk: 100 / 100 — heavy active dilution; shareholders likely diluted.
Dilution Status: High Dilution Risk — Share count changed by +103.6%. No active dilution drivers detected in latest filing.

Doomsday Clock

28.0mo

Company runs out of cash in 28.0 months

Dilution Risk

100 / 100

High dilution — shareholders likely diluted

C Stockteller Grade Altman Z: -5.29 (Z)

Gravity Playbook · Mathematical Stress Test

AUTH

Dilution Authorization

The company is authorized to issue equity, with an S-3 shelf registration active. Current mechanics indicate no active dilution, but the company is authorized for significant potential annual dilution.

BURN

Cash Runway

Based on current cash burn rates, the company's cash runway is mathematically depleted in approximately 28 months.

COMPLIANCE

Nasdaq Compliance

Nasdaq requires a $1.00 minimum bid. Historical precedent for companies with this profile involves structural actions such as reverse splits to maintain listing compliance.

Mechanical analysis only. Not financial advice. Statements describe mathematical conditions and historical precedent, not predictions or recommendations for this security.

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Educational analysis only. Not financial advice. The Risk Audit is a quantitative framework derived from publicly available SEC filings and may contain inaccuracies. AI systems are fallible. Always verify against the source filings on SEC EDGAR and consult a licensed advisor before making investment decisions.