SPCE Stock - Virgin Galactic WHAT'S GOING ON? Will Virgin Galactic survive? Martyn Lucas Investor

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SPCE Stock - Virgin Galactic
SPCE Stock - Virgin Galactic WHAT'S GOING ON?

Will Virgin Galactic survive?
If development remains on track and Delta begins flying commercial flights on time in 2026, the company might have enough cash to last until then and might survive. If Delta is late, though, Virgin Galactic's financial future will start to look increasingly iffy

Why is Virgin Galactic losing money?
The problem is, Virgin Galactic incurred about $500 million in operating costs for its flights in 2022, according to data from S&P Global Market Intelligence. And despite making efforts to cut costs in 2023, it was only able to reduce these costs by about 3.4% -- to $483 million last year

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Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which engages in the provision of consumer space experience using reusable spaceflight systems. The firm is also involved in designing, developing, and manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems. The company was founded on May 5, 2017 and is headquartered in Tustin, CA. The listed name for SPCE is Virgin Galactic Holdings, Inc.

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