Virgin Galactic’s Stock Is Down, but Its Future Is Bright
Virgin Galactic(NYSE:SPCE) announced earnings last week, and some of the key headlines were the company’s $0 in revenue, a delay in commercial flights until 2021, and the offering of a proposed 20,489,977 shares of stock. While those are all important items of news, I think the bigger announcement was the company’s next product: a supersonic aircraft.
The initial flights on Virgin Galactic spacecraft will effectively be space tourism. Customers will pay up to $250,000 to spend a few moments in…
