Virgin Galactic Is Going Nowhere if It Doesn't Answer This Big Question

By Travis Hoium – Nov 7, 2023 at 6:00PM

NYSE: SPCE

Virgin Galactic

Market Cap

$365M

Today's Change

(3.15%) $0.03

Current Price

$0.89

Price as of April 26, 2024, 4:00 p.m. ET

Without an infusion of cash, Virgin Galactic is going nowhere.

Virgin Galactic (SPCE 3.15%) has begun to complete monthly space flights, a sign of maturity for the company. But to get to any kind of positive cash flow, the company needs to build its next-generation spacecraft and scale operations to near-daily flights.

In this video, Travis Hoium discusses what Virgin Galactic needs to show investors when it reports earnings; if a major question isn't answered, the stock could continue to slide.

*Stock prices used were mid-day prices of Nov. 7, 2023. The video was published on Nov. 7, 2023.

https://youtu.be/PcKgeiqRahY

Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.