Virgin Galactic Holdings Inc. SPCE (the space-travel company started by Richard Branson) reported a larger loss than expected in its first quarter, and sales that fell short of expectations. However, it said the first commercial flight planned for late June was on schedule. Virgin Galactic posted a net loss for the first quarter of $159.4m, or 57c per share. This compares to a $93.1m, or 36c per share, during the same period last year. Revenue increased to $392,000 from $319,000 the previous quarter. FactSet polled analysts who expected a loss per share of 52 cents on revenue of $1 million. Shares dipped 0.2%…