Is Virgin Galactic Stock a Buy?
Virgin Galactic (NYSE: SPCE) highlighted the positives when it reported first-quarter 2024 earnings. That's exactly what you'd expect, of course, as there were notable successes to discuss. However, there's still plenty of bad news to consider before you buy the stock. Here's what you need to know.
Virgin Galactic's first-quarter 2024 results included some important positives. For example, revenue of around $2 million rose materially from the $400,000 or so it earned in the first quarter of 2023. That's largely because the company is now flying into space on a regular basis, with 2023 being the year that it effectively proved it could achieve that goal. That it is still flying into space with paying customers is a sign that there's long-term potential in the business model.
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Source Fool.com
