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Virgin Galactic's Problems Are Growing

Virgin Galactic's Problems Are Growing

When Virgin Galactic (NYSE: SPCE) went public via SPAC merger in 2019, the company projected that 66 passengers would fly aboard the company's spacecraft in 2020 and another 646 in 2021. Investors recently got word that yet another delay is hitting Virgin Galactic, and at best we will see a small number of revenue-generating flights in 2022, assuming no more delays.