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Virgin Galactic Just Shocked the Market Again
SPCEVirgin Galactic(SPCE) The Motley Fool·2024-02-28 18:30

Virgin Galactic (SPCE -3.42%) is raising prices again. This time, the price of a ticket will go up to 600,000.Ifthecompanygetsto300or400flightsperyear,asplanned,itwillmake600,000. If the company gets to 300 or 400 flights per year, as planned, it will make 1.1 billion to $1.4 billion annually on tickets alone.In this video, Travis Hoium covers the company's recent earnings release and how investors should think about the stock over the next two years.*Stock prices used were end-of-day prices of Feb. 27, 2024. The video was published on Feb. 28, 2024. ...