16/6/2024, 1:37:02 pm

Virgin Galactic Stock: Buy, Sell, or Hold?

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.