Why Virgin Galactic Needs $2 Billion More in Funding
Virgin Galactic (NYSE: SPCE) is expected to take flight this week, but even if everything goes well the company has a financial challenge. To get to the Delta spacecraft that could be extremely profitable, the company needs to raise even more money. Travis Hoium digs into the numbers in this video.
*Stock prices used were end-of-day prices of June 21, 2023. The video was published on June 25, 2023.
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Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
