And is it possible to do it online or remotely?

Does anyone else here think that VG should get into national and international travel like the Concord did. There’s a market for it, and it would open up a second revenue stream for VG. Is there a suggestion box for us stock holders?

https://preview.redd.it/rsqr0lshkvxc1.png?width=1210&format=png&auto=webp&s=8019f3845e2f1bd0123f57c3cee275ec7a1e0a59

https://www.instagram.com/p/C6cGlcKSpPD/

https://twitter.com/virgingalactic/status/1783861699050901618?t=KkEo8_mOtdVISCjus25bFg&s=19

https://winners.webbyawards.com/2024/websites-and-mobile-sites/general-desktop-mobile-sites/travel-lifestyle/288881/virgin-galactic

Watch this on Boeing and let me know what you think. I don't know if it's a good or bad thing. On the plus side, seems like Boeing are, and have been for many years, in a really bad way. It's probably better for us that their not building for us, and we would be better off with Airbus or another company. Also gives me confidence regarding the lawsuit.

However, Boeing's influence, especially with their crew being part of the FAA might be able to screw us over. They have the power to ground our planes, and they might play difficult now. And after what happened to the last whistle-blower people might be too scared to fight against them.

From this video seems that they put the stock price before anything else. I guess if I had the choice of VG having a low stock price or killing people in their craft due to cost cutting, I'd take the low stock price.

https://youtu.be/Q8oCilY4szc?si=JWzCuwy6IdkD5ULv

Can you see a delta ship in the background?

https://youtu.be/k9kejtgVM68?si=TKL86e5qozkbFG1s

I recently saw comments about how they made the wrong decision and hired him too soon. I think when they initially hired him, they thought they were further along in their development than they were and were probably ready to go commercial and start business.

But it seems like over the past 3 years all they did was to continue working on their tech with little to no actually business ventures. Not only did he not know the tech at the time but he also needed time to “ramp up” and “train” which wasted more time too.

Should they have maybe hired a rocket scientist or engineer instead of him? Sure he is more business minded but right now their tech isn’t ready so perhaps an engineer should’ve been hired as the CEO to at least get the tech ready?

Now they are based at their last resort. It’s now or never. It’s Delta or die/bankrupt.

https://preview.redd.it/txdxa1iqnvuc1.png?width=1230&format=png&auto=webp&s=bff8ef18d85051eab5f09aed89233a81baaddf04

Vote: https://vote.webbyawards.com/PublicVoting#/2024/websites-and-mobile-sites/general-desktop-mobile-sites/travel-lifestyle

I know they are building the Delta spacecraft. But they have SpaceShipTwo which has been very successful. Why don't they continue to fly it?

I'm calling it a day.

I've had the highs and the lows.

I probably made more than I should and retained less than I wanted as I naively attempted to buy back <$10.

My average in the end stands at ~2.65.

I'm selling tomorrow and I already know where to reallocate for the best chances of recovery.

You have to do you but I wouldn't be selling it if I didn't have a plan and would advise anyone feeling similarly to get that in-place.

In truth, I think they're goosed. I cannot see a way out other than a sale over bankruptcy.

So long VG and godspeed my fellow SPCE Redditors. You guys have been great through each moment and the debate kept my hopes alive until I found something better, as the company faces its darkest hour.

I struggle to envisage a happy ending for them but wish it the best, all the same.

https://www.spacelaunchschedule.com/launch/spaceshiptwo-galactic-07/

They have roughly $1b stockpiled, and they burn $100m every quarter. Enough to get them through 10 quarters or until 2026, when their Delta planes are supposed to be ready.

One accident, one financial miscalculation, one delay, is all it takes to end the company. Should people withdraw their stocks in anticipation of an incoming bankruptcy?

From my understanding, they are not an aerospace company. They are a travel and leisure company. Their job is to provide space flight. Not selling space ships.

So why use their money to build a manufacturing plant instead of contracting out other companies with already present infrastructure like Boeing or Lockheed Martin or any other aerospace companies?

Can anyone with a business or finance degree or background explain Michael’s or the Board’s decision on that? How does that make sense in the long term?

Especially since they’re using a huge chunk of cash while also being completely unable to generate revenue for the next 2 years and then suddenly expect to be cash positive by 2026. Just seems extremely risky to me, especially with just one mothership as well.

Not only are they spending money on the plant but then they also have to spend 50-60 million PER delta class ship. So just 3 is 150-180 million and they only have around 980 million now.

If I remember correctly, they even acknowledge that they’re basically draining their bank account with the hopes of going cash positive in 2 years. Essentially, they know it’s a gamble and if it fails they’re done for, especially with the current share prices which won’t allow for any dilution rooms

Looks like its all over for Virgin Galactic

Been a heck of a run.

I post in the SPCE sub with building updates.

link here: https://www.reddit.com/r/SPCE/comments/1bcatyd/more_hard_lid_inspections/?utm_source=share&utm_medium=web2x&context=3

​

Mods, cross posting is allowed here, so I hope this is ok.

https://www.facebook.com/share/FTygVoYNrfYi4Tkn/?mibextid=oFDknk

Earnings call tonight should be interesting. Thoughts on a delta class update?

Blue Origin were originally planning on doing this in 2022 but the accident has pushed it back to this year.

https://www.blueorigin.com/new-shepard/payloads

The winter flight footage for this one is gonna be soo cool 🏔️

Sorry, I didn't posted this earlier. I am going to a tour of the Spaceport in a couple of hours and will be in attendance at Galactic 06 tomorrow. Hosting an AMA on YT tomorrow if anyone is interested and will take questions here/there.

Sorry, I didn't post this earlier. I am going to a tour of the Spaceport in a couple of hours and will be in attendance at Galactic 06 tomorrow. Hosting an AMA on YT tomorrow if anyone is interested and will take questions here/there.

Travis Hoium

Asymmetric Investing