What is happening with Virgin Galactic?
In late 2021, shares of Richard Branson’s company tumbled after Galactic said commercial operations would be delayed because of an issue related to the strength of the materials it uses in its spacecraft. The update came in the company’s fourth-quarter results.
Is Virgin Galactic finished?
Virgin Galactic stock plunges after company delays spaceflight tests to 2022. The space tourism company is beginning a refurbishment process on its vehicles that is expected to take eight to 10 months, with completion anticipated between June and August.
What is the next step for Virgin Galactic?
The company had been aiming to launch its Unity 23 mission this fall. Virgin Galactic won’t fly another crewed space mission this year after all.
Is Virgin Galactic worth investing in?
Investors in space tourism pioneer Virgin Galactic Holdings got a shock of cold water in the face on Wednesday.
Why Virgin Galactic stock is falling?
Virgin Galactic stock falls after announcing plans to add up to $500 million in debt. Shares of Virgin Galactic fell in trading on Thursday after the company announced plans to add up to $500 million in debt.
Is it worth investing in Virgin Galactic?
Virgin Galactic is an extremely risky offering that’s not for the faint of heart — and when it comes to a potentially game-changing opportunity like this, investors are always going to have to pay a premium, even without a concrete roadmap to future profitability.
Who owns SPCE?
Top 10 Owners of Virgin Galactic Holdings Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 6.50% | 16,796,794 |
| Mubadala Investment Co. PJSC (Inv… | 4.28% | 11,055,359 |
| BlackRock Fund Advisors | 3.28% | 8,458,612 |
| SSgA Funds Management, Inc. | 2.21% | 5,718,304 |
Is Virgin Galactic profitable?
Virgin Galactic is not profitable at the moment; the company incurred a net loss of $81 million during the fourth quarter of 2021, Ahrens said. And it’ll likely take a few years for that situation to change markedly.