I do wonder if that was the last we've seen of Virgin Galactic. I would be shocked if the Delta-class spaceship ever flies
The company has $867M of cash but racks up $500M (!) in losses a year. They can no longer tap capital markets to get to Delta b/c the business model fundamentally doesn't work, and it's not even really close. A semi-operational $SPCE pulled in $7M in revenue in 2023
If they do get to Delta, Virgin would also need to work through its 600-ticket backlog of deeply unprofitable/ under-priced tickets before selling its $600K tickets (which will also likely have limited demand)
It just sucks b/c a lot of to-the-moon retail investors lost 99% of value on this stock. Also frustrating b/c there are plenty of other solid space investment plays.
https://arstechnica.com/space/2024/0...lane-now-what/
Virgin Galactic has ceased flying its only space plane. Now what?
