Shocking News (But No, Not Really): Virgin Galactic Needs More Money

Virgin Galactic can't sell rocket rides to space tourists for another couple of years -- so it sells stock instead.Virgin Galactic (SPCE 2.89%) announced third-quarter earnings last week, and the news was not great.On the one hand, the space tourism company confirmed that the "build phase" of its new fleet of Delta-class spaceplanes is "underway," it's shifting to design work on its new "mothership," and the company is on course to begin commercial flights in 2026 -- all good news. Yet, Virgin Galactic stoc ...