Virgin Galactic’s Long Game Intact Despite Short-Term Blip_老虎社区_美港股上老虎

Virgin Galactic’s Long Game Intact Despite Short-Term Blip

FX Empire2021-10-15

Space travel has been advancing this year. Most recently, famous actor William Shatner became an astronaut on Blue Origin’s space flight. Shatner was a crew member on Jeff Bezos’ company’s New Shepard...

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yayaSG
·2021-10-15
The share price won't back to it's glorious price in short term then
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Most recently, shares took a dive after the company experienced a setback.\nCommercial Space Flights Delayed\nBranson’s company revealed that it would have to postpone its commercial space travel service until Q4 2022, with no further test flights planned for the remainder of 2021. Investors were frustrated, sending shares of Virgin Galactic spiraling 14% lower in after-hours trading.\n\nShort Term Pain, Long Term Gain\nVirgin Galactic has to perform a refurbishing process, which will last for the better part of a year, and it can’t launch its Unity 23 test flight until this program is complete. The Unity 23 test flight was previously expected for this month.\nThe company explained in a statement that a recent “lab-based test flagged a possible reduction in the strength margins of certain materials used to modify specific joints, and this requires further physical inspection.” This is forcing them to overhaul the schedule.\n\n Flight test program update: We will begin our planned vehicle enhancement and modification period now, which is designed to improve performance and flight-rate capability for VMS Eve and VSS Unity. #Unity23 will take place upon its completion. Read more; https://t.co/oWC52MypkH pic.twitter.com/oVuJOobNMm\n\n\n — Virgin Galactic (@virgingalactic) October 14, 2021\n\nWhile Virgin Galactic’s short-term plans may have been disrupted, the company and the stock could be better off in the long run. 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