Transportation
Virgin Galactic Revenue Misses Estimates, Will Focus on Delta Ships
- Branson’s space tourism venture aims to fly new plane in 2026
- Firm trying to cut costs as it develops new spaceplane
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Virgin Galactic Holdings Inc. fourth-quarter revenue fell short of Wall Street expectations as the space tourism company works to rein in costs and slow its launch schedule while developing a new spaceplane.
Revenue in the period was $2.81 million according to a statement Tuesday, below the $2.98 million in analyst estimates compiled by Bloomberg. Sales were driven by commercial spaceflight operations and membership fees from future astronauts.