Virgin Galactic's SpaceShip: Investors Bet on Turnaround
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Virgin Galactics stock surged 17.3% despite disappointing earnings, as investors focused on the companys future plans for its next-gen spaceplane, SpaceShip. With ground tests starting in April, flight tests in Q3, and commercial passenger flights in Q4, the companys roadmap sparked a rally. Tickets, priced at $750,000, are already being sold, and a second SpaceShip could fly by late 2023 or early 2024. However, Virgin must execute flawlessly to maintain its position in the space tourism market.
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