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Virgin Galactic completes lengthy upgrade process ahead of resuming spaceflights - TL;DR CNBC

Virgin Galactic completes lengthy upgrade process ahead of resuming spaceflights

Publishing timestamp: 2023-02-28 16:13:10


Summary

Virgin Galactic reported fourth-quarter results on Tuesday, showing losses roughly in line with its previous quarter. The company remains on track to resume spaceflights in coming months and has about $980 million in cash on hand. Shares of Virgin Galactic are up about 65% this year.


Sentiment: POSITIVE

Tickers: SPCE

Keywords: businesstransportationspace industrytechnologybreaking news: businessthe edgebreaking news: technologyvirgin galactic holdings incaerospace and defense industrybusiness newsearnings

Source: https://www.cnbc.com/2023/02/28/virgin-galactic-spce-q4-2022-earnings.html


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