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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker