Here's How Virgin Galactic Will Earn a Profit

Here's How Virgin Galactic Will Earn a Profit

Since IPO'ing via a reverse merger into a special purpose acquisition company (SPAC) 10 months ago, space tourism company Virgin Galactic (NYSE: SPCE) has reported quarterly earnings a total of three times. The whole time, Virgin Galactic has been assuring investors that it would begin sending customers to space in 2020, and book its first profit in 2021.