Earnings

Virgin Galactic SPCE earnings Q1 2021 results

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Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test.

Virgin Galactic

Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it is evaluated the target date for its next spaceflight test, which the company previously planned for this month.

Mike Moses, Virgin Galactic’s president of space missions and safety, said on the company’s conference call with investors that the uncertainty stems from “a potential wear-and-tear issue” identified last week on VMS Eve, the aircraft that carries its spacecraft before launch. The part in question was scheduled for maintenance in the fall, Moses said, but Virgin Galactic…



Source cnbc.com

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