Virgin Galactic to run as a critical infrastructure business during pandemic

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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.

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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.

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