Why Virgin Galactic Stock Jumped 33% Today
Virgin Galactic is cutting costs for existing operations to focus on developing the Delta spacecraft. Management says it has enough cash to get to free-cash-flow positive.
Virgin Galactic sees 3Q revenue beat after announcing cost-cutting measures
Virgin Galactic Holdings Inc (NYSE:SPCE) revealed a forecast of about $3 million in revenue for the last quarter of 2023, surpassing analyst expectations of $1.58 million. The space tourism firm ow...
Virgin Galactic (SPCE) Stock Surges 26% On Surprise Revenue Beat, Rosy Guidance
Virgin Galactic (NYSE: SPCE ) stock surged 26% on Thursday morning after announcing quarterly revenues that exceeded expectations. Management revealed that revenues hit $1.72 million, exceeding Wal...
Virgin Galactic Stock Soars After Earnings. This Is the $3 Million Reason.
The space tourism company reported a third-quarter per share loss of 28 cents from sales of $1.7 million. Wall Street was looking for a 42 cent loss from sales of $1.1 million.
Billionaire Richard Branson's Virgin Galactic lays off 185 employees as it doubles down on efforts to build new spaceships
Virgin Galactic has laid off 185 employees, which represented about 18% of its workforce. The space-tourism company is focusing on building spaceships that can carry six passengers.
Virgin Galactic Holdings, Inc. (SPCE) Q3 2023 Earnings Call Transcript
Virgin Galactic Holdings, Inc. (NYSE:SPCE ) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Eric Cerny - Vice President-Investor Relations Michael Colglazier - Chi...
Virgin Galactic pausing flights next year and laying off 18% to focus on next-gen spacecraft
Virgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation Delta-class spacecraft.
Virgin Galactic to cut workforce by 18%
Virgin Galactic Holdings on Wednesday announced a workforce reduction of approximately 185 employees, constituting about 18% of its workforce.
Virgin Galactic cutting jobs, expenses as interest rates bite
Virgin Galactic announced it is laying off an undisclosed number of employees in order to cut costs, saying high interest rates impacted the decision.
Why Virgin Galactic Stock Is Falling to Earth Today
Virgin Galactic is cutting an unspecified number of jobs in an effort to preserve cash. Investors will learn more details when the company releases third-quarter results after markets close Wednesday.
Virgin Galactic Layoffs 2023: What to Know About the Latest SPCE Job Cuts
Virgin Galactic (NYSE: SPCE ) layoffs are in the news Wednesday as the space travel company prepares to alter course and focus on its Delta Class spaceships. What we don't know is how many employee...
Virgin Galactic to Cut Jobs. Interest Rates and Geopolitical Unrest Are a Problem.
CEO Michael Colglazier tells employees that high interest rates and geopolitical unrest have made it harder to access near-term capital.
Branson's Virgin Galactic to lay off staff as it focuses on new larger spaceships
Sir Richard Branson's space tourism company, Virgin Galactic Holdings Inc (NYSE:SPCE), said it will lay off an unnamed number of staff due to the difficulty in raising new capital. Chief executive ...
Virgin Galactic to cut staff to focus on lower-cost Delta ships
Commercial space-flight operator Virgin Galactic Holdings Inc. SPCE, +2.96% on Tuesday said it would be cutting staff and costs outside of its Delta spacecraft program, which it expects to bring lo...
Virgin Galactic Is Going Nowhere if It Doesn't Answer This Big Question
Without an infusion of cash, Virgin Galactic is going nowhere.
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