Virgin Galactic Stock: Buy, Sell, or Hold?
Sun, Jun 16, 2024 1:37 PM

Virgin Galactic Stock: Buy, Sell, or Hold?

A Flip by Avya Verma
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Virgin Galactic has $800 million in cash and marketable securities, down from $910 million in 2023, which it's using to fund its capital investment program. The company expects to burn through its cash before its Delta-class spacecraft is launched in 2026, and it has a $425 million convertible security note due in 2027. Despite this, the company believes its Delta spacecraft will be profitable.

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