), said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company.
“It will be a transformative moment for the company,” Chief Executive George Whitesides told analysts on a conference call, adding that revenue and cash flow will ramp up in 2021. Other players including Elon Musk’s SpaceX and Boeing Co have their sights set on higher altitudes like the International Space Station, the moon and eventually Mars.
Now, Virgin plans to seize on a wave of more than 7,900 “registrations of interest” it has received since then from would-be astronauts by collecting $1,000 deposits to secure a place in line as seats become available, it said on Tuesday.
Yeah space tourism was never really going to take off. No pun intended. Taking folks into an abyss-like vacuum for hundreds of thousands of dollars isn't a strong business concept.
How are you supposed to post a profit if you are still in the R&D phase of the company. You don't MAKE 💰 whilst you develop a product, you ONLY MAKE 💰 once it's certified, proven, tested & in use by the public! 🤦🏼♀️🤦🏼♀️🤦🏼♀️ 🤷🏻♂️ when will ppl grow up & get a grip on how the world works
Darn
HOw can Virgin Galactic Lose money and also not do anything?
Good, he's a crook
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