David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
"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.
The long-awaited launch of Virgin Galactic Holdings (NYSE: SPCE) commercial service has been pushed back once again. Virgin Galactic captured investor imagination with its plans for a space tourism venture, but the company over the past few years has found out the hard way that conquering the Earth's gravity pull is a difficult and time-consuming endeavor. The company had originally hoped to begin scheduled service in 2020 prior to founder Richard Branson's 70th birthday, but after a series of delays has still done nothing more than a series of test missions.