The folks at Yahoo Finance recently took a closer look at Virgin Galactic’s finances. Virgin Galactic is the main tenant at Spaceport America. Here are some conclusions about Virgin Galactic’s business that can be gleaned from the report linked above.
1.) Virgin Galactic won’t break even at Spaceport America before FY 2031;
2.) Virgin Galactic will not meet the User Fee Structure required in the Spaceport America Facilities Lease;
3.) Virgin Galactic will use more than $2 bil to develop reliable passenger service at Spaceport America before FY 2031;
4.) Virgin Galactic will not sell enough tickets to show a profit before 2031;
5.) Virgin Galactic stock is not worth more than six dollars ($6.00) per share.
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