Virgin Galactic losses grow in second public report
In its second quarterly report, Virgin Galactic’s losses grew from $46 million to $73 million, even as the public trading value of its stock value has skyrocketed in the past few months.
The company is also about to start taking deposits from new customers for suborbital tourist flights.
Whether this will happen, and be profitable, remains an unknown. The company has taken so long and spent so much developing its suborbital spaceship that they are now being overtaken by orbital space tourism.
In its second quarterly report, Virgin Galactic’s losses grew from $46 million to $73 million, even as the public trading value of its stock value has skyrocketed in the past few months.
The company is also about to start taking deposits from new customers for suborbital tourist flights.
Whether this will happen, and be profitable, remains an unknown. The company has taken so long and spent so much developing its suborbital spaceship that they are now being overtaken by orbital space tourism.