Tag: Virgin Galactic

  • Virgin Galactic Shows New Ship as Cash Runs Below $200M

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    Can Virgin Galactic survive its cash crunch despite new Delta-class vehicle? Virgin Galactic revealed its next-generation Delta-class spaceship Thursday, but the suborbital tourism company faces critical financial constraints with less than $200 million in cash and a quarterly burn rate approaching $50 million. The new vehicle, photographed being towed from the company’s Mesa, Arizona facility,…