![]() ![]() The company’s stock fell 2.2% Thursday, compared with the S&P 500 index’s ![]() On Monday, Virgin Galactic reported a deeper-than-expected first-quarter loss and revenue that missed analysts’ estimates. See also: Virgin Orbit lays out sale plans: report Of 11 analysts surveyed by FactSet, two have a buy rating, three have a hold rating, and six have an underweight or sell rating for Virgin Galactic. TD Cowen has an outperform rating for Virgin Galactic. TD Cowen’s fiscal 2023 $8.3 million revenue estimate for Virgin Galactic includes $4.2mm of passenger revenue assuming six commercial flights with four passengers at $250,000 a ticket. “SPCE plans to carry 4 ticketed passengers to space at monthly intervals thereafter,” he wrote. TD Cowen analyst Oliver Chen described the first commercial flight as “out of this world innovation,” in a note this week. Galactic 01 will be a paid scientific research flight with the Italian Air Force.
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