Virgin Galactic Is Losing the Space Race
"Demand for tickets remains strong." That was Virgin Galactic's (NYSE: SPCE) opening line when announcing its first-quarter 2022 earnings on Thursday last week, describing how the company lost $93 million on $319,000 in revenue -- but progressed to record "approximately 800 Future Astronaut reservations" for flights to space and back aboard its small fleet of spaceplanes.