Virgin Galactic is proposing to raise $300 million in additional capital to accelerate production of suborbital spaceplanes and a mothership aircraft the company says can fuel its long-term growth.
I thought they had enough of a war chest to ride out the flight stoppage, but I guess not. I don’t see it with them. Tourism flights and low capacity point to point doesn’t seem like enough to sustain a real company. Blue Origin can do it because they don’t need to make money.
You don’t think their current business model is viable?
What business?
Fair point. They did have a decent launch cadence in 2023, but their existing fleet was evidently not profitable enough.
I thought they had enough of a war chest to ride out the flight stoppage, but I guess not. I don’t see it with them. Tourism flights and low capacity point to point doesn’t seem like enough to sustain a real company. Blue Origin can do it because they don’t need to make money.