Virgin Galactic sells out after ticket price hike and expects positive cash flow by 2027
SPCE Virgin Galactic Holdings Inc
$2.87 +3.61%
View chart & analysis → - 1Virgin Galactic's flight tickets priced at $750,000 per person have sold out.
- 2Virgin Galactic's redeemed and unredeemed debt amount in August was approximately $58.4 million.
- 3CEO Michael Colglazier expects to achieve positive quarterly cash flow within 2027.
So what's the key point?
Virgin Galactic sold out all of its space travel tickets after raising the prices. The company expects to start seeing positive cash flow by 2027.
Source The Motley Fool · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.