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How Virgin Galactic Plans to Get Off the Ground

TheMotleyFool

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How Virgin Galactic Plans to Get Off the Ground: https://g.foolcdn.com/editorial/images/754806/virgin_galactic_spaceship_cabin_interior.jpg

Virgin Galactic (NYSE: SPCE) announced major changes to its strategy last week, including layoffs that will reduce spending on the existing spacecraft. The hope is that going all in on the Delta spacecraft will be the right move.

In this video, Travis Hoium covers the latest announcement and why this may be the best of several bad options for the company. It'll now take time to determine if Virgin Galactic can survive.

*Stock prices used were end-of-day prices of Nov. 10, 2023. The video was published on Nov. 11, 2023.

Source Fool.com

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