Virgin Galactic reveals new ship, but it’s running out of time and cash
Summary
Ars Technica reports that Virgin Galactic's new spaceship milestone comes as the company faces tightening cash reserves and uncertain profitability. Cash has declined from nearly $1B to about $338M, with first flights for the new vehicle expected around late 2026 to early 2027, casting doubt on sustained test programs and rapid profitability.