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Virgin Galactic shares drop after company delays this weekend's spaceflight test
Virgin Galactic delays test flight of SpaceShipTwo scheduled today | Hindustan Times
EST, you can see it's down However, the news gets even worse. Virgin Galactic isn't yet running space tourism flights to space, so it isn't collecting revenue from that, or profiting from it, either. As such, losses in Q4 were a foregone conclusion. We weren't expecting any kind of "earnings surprise," and we got none. You'd think it might have sold advertising space on the hangar or something, maybe done some skywriting with the VMS Eve mothership, and collected a few bucks at least -- but no. Zero revenue dollars, zero revenue cents for the quarter.
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February 1, Space tourism company Virgin Galactic said Monday it planned a new test flight for its SpaceShipTwo craft this month after an aborted test in early December. It added the flight would test remedial work completed since the December test when the onboard computer halted ignition of the rocket motor. SpaceShipTwo's development was delayed by a devastating crash of the first one in due to a pilot error.
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