Virgin Galactic's Struggles
Virgin Galactic reported a staggering net loss of $150 million for the fourth quarter, despite beating revenue expectations with a mere $869,000. The company aims to be the first commercial space line, offering 90-minute suborbital journeys for $450,000, but has yet to conduct any commercial flights. While they garnered significant attention with a high-profile PR stunt, the actual interest in bookings remains questionable, with only a fraction of the 8,000 applications likely translating into real sales.In this clip
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Prof G Markets
Prof G Markets: Virgin Galactic is Going to Zero, Stock as Collateral + Instacart & the IPO Market
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