Virgin Galactic Is Ringing the Warning Bells, and Investors Shouldn't Cover Their Ears
The Motley Fool
AUGUST 14, 2023
There are major crosscurrents impacting Virgin Galactic (NYSE: SPCE) today. On the one hand, the company has finally begun operating its space tourism business. On the other, its business model is actually dependent on a second-generation spaceship that is still in the early stages of development. The best way to see the financial mismatch this will cause is by comparing Virgin Galactic's financial statements to its financial projections.
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