Virgin Galactic (SPCE +2.50%) is walking a financial tightrope as it builds the Delta class spacecraft that isn't expected to launch until 2026. However, the recent rise in the stock price could provide a financial path forward, giving the company a longer runway.
In this video, Travis Hoium covers why Virgin Galactic's rising stock price could be a flywheel the company can use to build a profitable business.
*Stock prices used were end-of-day prices of Dec. 19, 2023. The video was published on Dec. 19, 2023.
