​​​​​​​Virgin Galactic Issues Debt To Raise Up To $500M, Stock Plummets

SpaceShipTwo
Credit: Virgin Galactic
Virgin Galactic, the space tourism company that helped sweep in the current era of startup space companies quickly going public, shocked investors Jan. 13 with news it will raise as much as $500 million by issuing new debt. Subject to market and other conditions, the company will issue $425 million...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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