We will be growing various functions within space line operations during flight test and in preparation for the start of commercial service, but we expect this to be more than offset by larger reductions in capital expenditures as spaceship development progresses.

May 14, 2026 / receipt, needs a key / Doug Ahrens, CFO | earnings call 2026-05-14 | transcript 80558aa7-2b7b-4be0-83c7-6ac9efdec674 | chars 17712-17976 | segment 18

We generated revenue of $4 million driven by the Galactic 7 commercial spaceflight and future astronaut membership fees. Notably, average ticket prices for the Galactic 7 flight were approximately $900,000 per seat. Total operating expenses were $106 million compared to $141 million in the prior year period driven by both lower R&D and SG&A expenses.

Aug 7, 2024 / receipt, needs a key / Doug Ahrens, CFO | earnings call 2024-08-07 | transcript df0e9c07-f079-4845-9b58-9384e26a9653 | chars 16388-16740 | segment 16

I think the opportunity for companies like Virtuoso, where they have a very healthy and active base, in particular in adventure travel and high-end travel, is a relevant potential channel for us. I clearly will be doing a lot direct, but I do think there's help in as this becomes known and normal.

May 7, 2024 / receipt, needs a key / Michael, CEO | earnings call 2024-05-07 | transcript c115decb-d2b1-44b6-b24f-18385c0c6f4c | chars 29853-30151 | segment 31

Using conservative assumptions, We believe the TAM for private astronaut space travel is approximately 300,000 individuals, growing at an estimated annual rate of 8%. Putting that market opportunity into context, one fully operational spaceport, supporting around 2,000 astronauts per year, would represent less than 1% market penetration. This type of market analysis, combined with the tremendous customer feedback we're seeing from the spaceflight experience, shows the clear opportunity to keep expanding our fleet of spaceships and motherships with the goal of adding multiple spaceports around the globe.

Feb 27, 2024 / receipt, needs a key / Michael, CEO | earnings call 2024-02-27 | transcript 4be08305-6fd5-41b2-8343-f37341168783 | chars 24398-25008 | segment 24

First, We will reduce net spending within our spaceflight operations by decreasing the cadence while increasing the revenue per flight of Unity's remaining missions.

Nov 8, 2023 / receipt, needs a key / Michael Colglazier, CEO | earnings call 2023-11-08 | transcript 99f907bd-2ea3-44cd-ad89-9173d67470f0 | chars 13894-14059 | segment 14

Earlier, we discussed the actions we are taking to reduce our cost structure. Because of the reduced flight cadence, our spaceline operations expense is forecasted to decrease in 2024 compared to our current spending level. Other reductions in headcount and streamlining of operating expenses contribute meaningfully to our lower spending footprint going forward.

Nov 8, 2023 / receipt, needs a key / Doug, CFO | earnings call 2023-11-08 | transcript 99f907bd-2ea3-44cd-ad89-9173d67470f0 | chars 25649-26012 | segment 26

I think the mix is going to be important. It's incredibly, for our future, we have to be commercially, in a commercially reasonable cadence with our early flights. While we have, I'd say the long term is 10%, I've been very pleased listening to our researchers, both the Italians, Alan Sturt, Kelly Girardi, have been very powerfully speaking about the benefits of this and the cost benefit of this for research. So I think we're going to lean into that.

Nov 8, 2023 / receipt, needs a key / Michael, CEO | earnings call 2023-11-08 | transcript 99f907bd-2ea3-44cd-ad89-9173d67470f0 | chars 46382-46836 | segment 47

And the main things that we're changing, you may have heard from us in the past, we're keeping the look, the shape, technically the outer mold line of the vehicle the same. We are changing the composite system and moving with a high-temp composite with that. That gives us the ability to reduce weight in a variety of places, change the way we manage the thermal forces upon the ship. We will make updates into our avionics packages, things like that. and generally take advantage of all the learning that we've had across the flight test program and across the development of Imagine.

May 9, 2023 / receipt, needs a key / Michael Colglazier, CEO | earnings call 2023-05-09 | transcript b38e8c82-5096-4bdd-b249-a50a7241db6f | chars 20041-20626 | segment 20

So think of it as all the costs associated with our spaceport. So out there we have our technical operations team, and we have our space missions teams that support maintenance and the flight crew and all these things, which are fundamentally fixed. Those are costs that would be there if we have a flight on a day or not. So we looked at it that way. But, you know, they're important ones to manage as we go forward. But I did put those in the fixed bucket for this discussion.

May 9, 2023 / receipt, needs a key / Doug, CFO | earnings call 2023-05-09 | transcript b38e8c82-5096-4bdd-b249-a50a7241db6f | chars 28958-29436 | segment 29

And then just briefly on ticket sales, do you plan to issue more tickets for sale, and how have those ticket sales through your travel agent partner, how have those been trending?

May 9, 2023 / receipt, needs a key / Katie, other | earnings call 2023-05-09 | transcript b38e8c82-5096-4bdd-b249-a50a7241db6f | chars 26003-26182 | segment 26

And obviously the groups that we're bringing in do travel and are willing to travel to different parts of the world.

Feb 28, 2023 / receipt, needs a key / Oliver, CEO | earnings call 2023-02-28 | transcript 6ee63e35-42ae-42a3-a627-8257878a2bcb | chars 28355-28471 | segment 29

For VSS Unity, The ship has been performing very well during these last space flights, requiring little work outside the normal inspections that we perform between test flights. With these additional enhancements, subject to testing and verification, we will be targeting a reduced turnaround flight between Unity flights of four to five weeks, and that's down from what is at best been seven to eight weeks.

Aug 5, 2021 / receipt, needs a key / Michael Colglazer, CEO | earnings call 2021-08-05 | transcript 0d42d9e3-9ec3-45a5-87cd-8029163810d1 | chars 14615-15023 | segment 14