Virgin Galactic posts $73-million loss in first earnings report as a publicy traded company

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Virgin Galactic posts $73-million loss in first earnings report as a publicy traded company GlobeBusiness

Richard Branson stands on the floor of the New York Stock Exchange ahead of Virgin Galactic's trading debut on Oct. 28, 2019.Billionaire Richard Branson’s space tourism company, Virgin Galactic Holdings Inc, said on Tuesday net losses widened to $73 million in the fourth quarter from $46 million in the year-ago period, in its first financial results as a publicly traded company.

The fourth-quarter results come as the money-losing company is aiming for a first flight later this year with Branson on board, while seeking a new source of revenue in thousands of potential space travelers.

 

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

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines