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Virgin Galactic seeks to raise money to accelerate growth of spaceplane fleet (spacenews.com)

submitted 2 weeks ago by threelonmusketeers to c/spaceflight

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[–] threelonmusketeers 1 points 2 weeks ago (1 children)

You don't think their current business model is viable?

[–] [email protected] 2 points 2 weeks ago (1 children)

What business?

[–] threelonmusketeers 1 points 2 weeks ago (1 children)

Fair point. They did have a decent launch cadence in 2023, but their existing fleet was evidently not profitable enough.

[–] [email protected] 2 points 2 weeks ago

I thought they had enough of a war chest to ride out the flight stoppage, but I guess not. I don't see it with them. Tourism flights and low capacity point to point doesn't seem like enough to sustain a real company. Blue Origin can do it because they don't need to make money.