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Capitalism in space: Virgin Galactic today released its first quarterly report since the company’s stock went public in October, reporting a net loss of $51.5 million during the third quarter of 2019.
The stock initially opened in October at $12.93. It quickly dropped 25% in value, and has generally been trading at about $10 a share since. With today’s release the stock immediately dropped below $10, but it appears to have settled at around $9.75, for the moment.
According to this story, they presently have reservations from 600 people for suborbital flights, and have received 3,557 inquiries about flight reservations as of the end of September.”