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Here's How Virgin Galactic Will Earn a Profit

TheMotleyFool

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Here's How Virgin Galactic Will Earn a ProfitPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Since IPO'ing via a reverse merger into a special purpose acquisition company (SPAC) 10 months ago, space tourism company Virgin Galactic (NYSE: SPCE) has reported quarterly earnings a total of three times. The first time, it reported a $73 million net loss on barely a half million dollars in revenue. The second time it reported a $60 million loss on half as much revenue.

Last quarter, Virgin Galactic lost more than $62 million -- on no revenue at all.

Image source: Virgin Galactic.

Source Fool.com

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