Earnings

Virgin Galactic (SPCE) Q4 2022 earnings, spaceflights update

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An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023.

Virgin Galactic

Virgin Galactic said on Tuesday it remains on track to resume spaceflights in the coming months after completing upgrades to its carrier aircraft and spacecraft.

The update came alongside the company’s fourth-quarter results, which showed losses roughly in line with its previous quarter.

“Our near-term objective for commercial spaceline operations is to safely deliver recurring flights with our current ships while providing an unrivaled experience for private astronauts and researchers,” Virgin Galactic CEO Michael Colglazier said in a statement.

The…



Source cnbc.com

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