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Up 80% in October, Virgin Galactic Can See a Path Forward

TheMotleyFool

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Up 80% in October, Virgin Galactic Can See a Path Forward: https://g.foolcdn.com/editorial/images/758828/vss_unity_on_the_ground.jpeg

Virgin Galactic (NYSE: SPCE) is walking a financial tightrope as it builds the Delta class spacecraft that isn't expected to launch until 2026. However, the recent rise in the stock price could provide a financial path forward, giving the company a longer runway.

In this video, Travis Hoium covers why Virgin Galactic's rising stock price could be a flywheel the company can use to build a profitable business.

*Stock prices used were end-of-day prices of Dec. 19, 2023. The video was published on Dec. 19, 2023.

Source Fool.com

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