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Stock impact report

Prediction: Why Virgin Galactic Stock Is Set to Go to $0 [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
While the company has succeeded in extending maturities with debt restructuring, it has increased the level of high-interest debt. 10 stocks we like better than Virgin Galactic › Virgin Galactic (NYSE: SPCE) has been impressing a loyal group of customers and investors with its vision of commercial space tourism and its focus on making suborbital spaceflight accessible to private astronauts, researchers, and professionals through astronaut training. Yet the company's financial numbers highlight a stark disconnect between that long-term vision and current operating reality. While Virgin Galactic may not go bankrupt in the near term, the deterioration in its fundamentals is severe enough that a zero-share price outcome can no longer be ruled out. Virgin Galactic's financial performance remains deeply challenged, even nearly 25 years after the company was founded. In the third quarter (ending Sept. 30), revenues were just $0.4 million, attributed to future astronaut access fees, Show less Read more
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