Next Spaceflight Due for 'Late May', with 1st Commercial Flight in June
Virgin Galactic announced the results of the first quarter of the year, giving some investors good news in the form of a healthy launch schedule and relatively secure position. Like always, the endeavor remains a money-burner, with a net loss of $159 million, up from a $93 million net loss in the same span last year. That is somewhat mitigated by where that money was spent, however, as Virgin notes that the increase was "primarily driven by investments related to the development of the future fleet and enhancements for the current fleet."
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