Branson's Virgin Galactic posts quarterly loss of US$73 million

Branson's Virgin Galactic posts quarterly loss of US$73 million

Channel NewsAsia - Business·2020-02-26 05:21

Billionaire Richard Branson's space tourism company, Virgin Galactic Holdings Inc , said on Tuesday net losses widened to US$73 million in the fourth quarter from US$46 million in the year-ago period, in its first financial results as a publicly traded company.

FILE PHOTO: Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid/File Photo

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