Virgin Galactic ‘blasting off to positive cash flow in mid-2026,' analyst says
Virgin Galactic(SPCE) Market Watch·2024-02-05 23:30
Virgin Galactic Holdings Inc. is set for a major cash-flow boost when its new Delta-class spacecraft enters service in 2026, according to T.D. Cowen. In a note released Monday, T.D. Cowen analyst Oliver Chen described Virgin Galactic SPCE, -4.64% as “the new spaceline community blasting off to positive cash flow in mid-2026.”The space-tourism company recently completed the penultimate mission of its Unity spacecraft before it halts commercial operations to develop its new Delta-class spacecraft. Flights are ...