This Space Stock Is Testing the Market's Patience
Aspiring space tourism company Virgin Galactic (NYSE: SPCE) recently announced another setback in its attempts at taking private citizens to space.
After pushing commercial flights from fourth-quarter 2022 to the first quarter of next year, the latest delay was another three-month move, with a new target date of second-quarter 2023. A three-month delay doesn't seem like a big deal, but here is why investors could start getting impatient.
Management detailed in the company's Q2 earnings call that work on the company's Mothership, which carries the spacecraft to its release altitude before dropping it to come back to earth, has taken longer than anticipated.
Source Fool.com
