Virgin Galactic: Delta Class Timeline Is Too Optimistic

Summary:

  • Virgin Galactic’s current operations are not profitable.
  • They are betting on their new Delta class of spacecraft, which they expect to enter commercial service in 2026.
  • However, I am skeptical of their development timeline given their track record of delays.

Flying over USA at night with city light illumination. View from space. 3D render

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Executive Summary

On June 29th 2023 Virgin Galactic (SPCE) launched its first commercial space flight. When the company went public, they expected to realize this achievement by the second quarter of 2020. After 3


Analyst’s Disclosure: I/we have a beneficial short position in the shares of SPCE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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