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Prof G Markets: Virgin Galactic is Going to Zero, Stock as Collateral + Instacart & the IPO Market
The Prof G Pod with Scott Galloway
Virgin Galactic's Fourth Quarter Earnings: Investors Aren't Happy
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- Virgin Galactic's fourth quarter earnings were not good, with net losses almost doubling to $150 million on an adjusted eBay basis.
- Revenue was basically negligible, at $869,000 for the quarter.
- The company has been struggling to put planes into the air, with missed milestones and limited supply.
- If you were to pay $450,000 for a flight, it's not worth it in Scott's opinion.
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