https://wccftech.com/virgin-galactic-nyse-spce-misses-expectations-on-almost-all-metrics-for-q1-2020-earnings/

Virgin Galactic (NYSE:SPCE) – Richard Branson’s venture attempting to pioneer commercial spaceflight – barely has any consequential sales or profits. Yet, the stock has become popular among hedge funds and investors on the back of expectations that Virgin Galactic will soon unleash a new age of sub-orbital spaceflights, whereby, people will be able to zip across continents at hypersonic speeds. While the company has yet to fulfill its stated ambitions, investors have been doggedly following its every development in order to glean the specific timeline for the launch of the company’s commercial operations.

In the same vein, Virgin Galactic’s Q1 2020 earnings were eagerly anticipated. Well, the numbers were released moments ago and they paint a bleak picture as the company missed expectations on almost all metrics.