Virgin Galactic to run as a critical infrastructure business during pandemic

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many U.S. states in which it operates have mandated business closures during the coronavirus outbreak.

FILE PHOTO: Virgin Galactic logo is displayed on a screen on the floor of the New York Stock Exchange as the company begins public trading in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid

“We are an aerospace manufacturer with defense and government contracts and therefore categorized as a Critical Infrastructure business,” a company spokeswoman told Reuters in an emailed statement. Virgin Galactic’s net losses widened to $73 million in the fourth quarter from $46 million in the year-ago period, it reported in its first financial results as a publicly traded company in February.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hahahahahahahahahahaha

IS SPCE FRCE ESSNTL?

let me see if I understand this: A business whose sole product is low earth orbit space rides for really rich thrill seekers is a critical business?

СПАТЬ

Announcing everything as critical infrastructure serves the US government to conduct massive illegal and market distorting subsidisation of US companies under the umbrella of battling the crisis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines