Virgin Galactic Says Commercial Space Flights on Track for Second Quarter
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Virgin Galactic stood by its plans to begin commercial space flights by the middle of next year, bolstering the company.
Virgin Galactic Holdings Inc. stood by its plans to begin commercial space flights by the middle of next year, bolstering the company even as preparations remain a drag on its cash. The space tourism firm has multiple test flights scheduled in the coming months ahead of a planned launch in the second quarter, according to a statement Thursday. The disclosure came as Virgin Galactic reported third-quarter sales that beat estimates. The company, founded by entrepreneur Richard Branson, has grappled with supply-chain disruptions and labor constraints as it inches toward the debut of commercial service. It had planned to begin passenger flights to space this...