Virgin Galactic's Delays Continue -- but There's Good News
Virgin Galactic Holdings (NYSE: SPCE) isn't new to delays to its flights, but the latest four-month delay to commercial space flights comes as a bit of a surprise. After founder Sir Richard Branson's space flight the company opened up commercial ticket sales at a $450,000 price point and there was hope that meaningful revenue was around the corner.
Instead, the delay will push commercial space flights back until at least late summer 2022. But there may be a positive side to the delays. Once again, investors need to focus on the long term to see the upside from here.
Image source: Virgin Galactic.
Source Fool.com
