Virgin Galactic's growth hinges on its ability to expand its fleet with Delta-class vehicles. The offerings are a way to stop gap its cash burn until then.
Virgin Galactic has successfully raised $300 million via an "at the market" offering of common stock, the company disclosed in a securities filing on Thursday.
The space tourism company aims to raise an additional $400 million through a subsequent stock offering.Follow your favorite stocksCarrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.has successfully raised $300 million via an "at the market" offering of common stock, the company disclosed in a securities filing on Thursday.
Now, the space tourism company aims to raise an additional $400 million through a subsequent stock offering, as Virgin Galactic looks to fund the development and expansion of its spacecraft fleet.
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