Virgin Galactic Holdings Management
Management criteria checks 2/4
Virgin Galactic Holdings' CEO is Michael Colglazier, appointed in Jul 2020, has a tenure of 3.75 years. total yearly compensation is $10.78M, comprised of 9.3% salary and 90.7% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $1.24M. The average tenure of the management team and the board of directors is 3.1 years and 3.2 years respectively.
Key information
Michael Colglazier
Chief executive officer
US$10.8m
Total compensation
| CEO salary percentage | 9.3% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.1yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Virgin Galactic: More Downside Expected After Boeing Lawsuit
Apr 02Virgin Galactic Holdings: A Risk-Bound Yet To Mature Business, Sell
Feb 20Virgin Galactic: Branson's Decision Leaves Shareholders Uncertain
Dec 05Virgin Galactic: Using Your Money To Subsidize The Adventures Of Billionaires
Oct 19Virgin Galactic: Delta Class Timeline Is Too Optimistic
Oct 12Virgin Galactic: Speculative Bet That's Ready For Launch
Sep 03Virgin Galactic: Lost In Space
Aug 02Is Virgin Galactic Holdings (NYSE:SPCE) Weighed On By Its Debt Load?
Jul 26
Virgin Galactic: Shareholder Value Deterioration Set To Continue
Jun 30Virgin Galactic Takes Off; Don't Forget The Seat Belts
Jun 18Virgin Galactic: Successful Test Flight Does Not Mean Share Price Will Take Off
Jun 07Is Virgin Galactic Holdings (NYSE:SPCE) A Risky Investment?
Apr 20Virgin Galactic: Spotlight On Sister Company's Failed Rocket Launch
Jan 11Health Check: How Prudently Does Virgin Galactic Holdings (NYSE:SPCE) Use Debt?
Jan 05Virgin Galactic forges microgravity research alliance with Axiom Space
Nov 03Virgin Galactic: Ignore The Downgrades, It's A Strong Buy
Oct 21Virgin Galactic: Time's Up
Sep 22Does Virgin Galactic Holdings (NYSE:SPCE) Have A Healthy Balance Sheet?
Sep 20Virgin Galactic: An Earnings Miss And Equity Sale Send Shares Sharply Lower
Aug 08Virgin Galactic forms strategic partnership with Virtuoso
Jul 21Virgin Galactic signs long-term lease for final assembly manufacturing facility
Jul 14Virgin Galactic to partner with Boeing unit Aurora to build motherships
Jul 06A Look At The Intrinsic Value Of Virgin Galactic Holdings, Inc. (NYSE:SPCE)
Jun 23Health Check: How Prudently Does Virgin Galactic Holdings (NYSE:SPCE) Use Debt?
Jun 02Virgin Galactic: Wishful Estimates
May 25Virgin Galactic Update: We Keep Staying Away
Apr 07We're Not Very Worried About Virgin Galactic Holdings' (NYSE:SPCE) Cash Burn Rate
Mar 25Is Virgin Galactic A Buy After Opening Spaceflight Ticket Window?
Mar 01Is Virgin Galactic Holdings (NYSE:SPCE) A Risky Investment?
Feb 27Virgin Galactic: A Strong Bounce Is Inevitable
Feb 17Virgin Galactic: The Best Time To Go Long Is Now
Jan 10Virgin Galactic: Just Not Our Cup Of Tea
Dec 25Virgin Galactic: Market Vastly Underestimating Market Potential
Dec 08Virgin Galactic: A Great But Overpriced Venture
Nov 19Revisiting Virgin Galactic After A 70% Price Drop
Oct 31Virgin Galactic: Expect Some Short-Term Underperformance
Oct 19No New Buying from Insiders, But Short Term Traders Seem Bullish on Virgin Galactic Holdings (NYSE:SPCE)
Sep 30No New Buying from Insiders, But Short Term Traders Seem Bullish on Virgin Galactic Holdings (NYSE:SPCE)
Sep 30Is Virgin Galactic A Good Space Stock To Invest In?
Sep 28Virgin Galactic: Not Your Best Space Tourism Play
Sep 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -US$502m |
| Sep 30 2023 | n/a | n/a | -US$549m |
| Jun 30 2023 | n/a | n/a | -US$590m |
| Mar 31 2023 | n/a | n/a | -US$566m |
| Dec 31 2022 | US$11m | US$1m | -US$500m |
| Sep 30 2022 | n/a | n/a | -US$430m |
| Jun 30 2022 | n/a | n/a | -US$333m |
| Mar 31 2022 | n/a | n/a | -US$316m |
| Dec 31 2021 | US$7m | US$1m | -US$353m |
| Sep 30 2021 | n/a | n/a | -US$376m |
| Jun 30 2021 | n/a | n/a | -US$420m |
| Mar 31 2021 | n/a | n/a | -US$398m |
| Dec 31 2020 | US$22m | US$442k | -US$645m |
Compensation vs Market: Michael's total compensation ($USD10.78M) is above average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
CEO
Michael Colglazier (56 yo)
3.8yrs
Tenure
US$10,781,868
Compensation
Mr. Michael A. Colglazier is the Chief Executive Officer and Director at Virgin Galactic Holdings, Inc. since July 20, 2020 and serves as its President since February 2021. Mr. Colglazier joins Virgin Gala...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.8yrs | US$10.78m | 0.30% $ 1.2m | |
| Executive VP | 3.1yrs | US$5.48m | 0.089% $ 363.6k | |
| Senior VP & Chief Information Officer | 3.4yrs | US$845.84k | 0.016% $ 64.6k | |
| Executive VP | 1.3yrs | US$1.48m | 0.012% $ 49.3k | |
| Chief People Officer & Executive VP | 2.6yrs | US$1.85m | 0.051% $ 208.6k | |
| President of Spaceline Missions & Safety | 3.5yrs | US$3.95m | 0.063% $ 255.3k | |
| Founder | 20.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Communications | no data | no data | no data | |
| Chief Pilot | no data | no data | no data | |
| Senior Vice President of Spaceline Programs & Engineering | 2.2yrs | no data | no data | |
| Executive Vice President of Spaceline Technical Operations | 1.7yrs | no data | no data |
3.1yrs
Average Tenure
54yo
Average Age
Experienced Management: SPCE's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.8yrs | US$10.78m | 0.30% $ 1.2m | |
| Director | less than a year | no data | no data | |
| Member of Space Advisory Board | 3.2yrs | no data | no data | |
| Interim Chair & Lead Independent Director | less than a year | no data | no data | |
| Independent Director | 3.2yrs | US$267.50k | 0.0064% $ 26.2k | |
| Independent Director | 4.5yrs | US$275.00k | 0.014% $ 57.9k | |
| Independent Director | less than a year | no data | no data | |
| Chairman of Space Advisory Board | 3.2yrs | US$14.68m | no data | |
| Independent Director | 2.8yrs | US$282.50k | 0.0069% $ 28.2k | |
| Member of Space Advisory Board | 3.2yrs | no data | no data | |
| Member of Space Advisory Board | 3.2yrs | no data | no data | |
| Independent Director | 2.3yrs | US$257.50k | 0.0056% $ 22.7k |
3.2yrs
Average Tenure
62yo
Average Age
Experienced Board: SPCE's board of directors are considered experienced (3.2 years average tenure).