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Stock impact report

Virgin Galactic to increase flights at Spaceport America [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
Virgin Galactic made the announcement while reporting financial results for the first quarter that ended March 31. The company's revenue was $2 million in the quarter, driven by commercial spaceflight and future astronaut fees, compared to about $400,000 the first quarter of 2023, according to a news release. Virgin Galactic is planning a commercial spaceflight next month. It has said it will then pause spaceflights from Spaceport America and focus on building its next generation of Delta space ships. "We are planning to fly the last commercial flight VSS Unity on June 8, taking a researcher and three private astronauts to space and delivering an incomparable and life-changing experience to each of them," Michael Colglazier, Virgin Galactic CEO, said during a conference call with investors and the media Tuesday. "This will mark our seventh commercial flight and 12th spaceflight in total. Again, demonstrating the Virgin Galactic spaceflight system is safe, reliable and repeatable Show less Read more
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