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Virgin Galactic's Free Fall Continues
SPCEVirgin Galactic(SPCE) The Motley Fool·2024-06-21 20:27

A reverse stock split didn't help Virgin Galactic this week. A reverse stock split can't save Virgin Galactic That wasn't the case, despite no real news from Virgin Galactic itself. The company is in a pretty quiet period while it's building the Delta class spacecraft and completing both ground and flight testing. But commercial operations aren't expected to start until at least mid-2026, so the company needs to lower its cash burn dramatically and save as much cost as possible. Any turnaround is a long way ...