Virgin Galactic Props Up Debt Position with Sale, Buyback

virgin
Credit: Virgin Galactic
Space tourism bellwether Virgin Galactic announced a complex series of financial moves on Dec. 9 designed to prop up the suborbital services upstart’s balance sheet until it can get its Delta-class family of spacecraft operating and generating real revenue. The company plans to buy down around $355...
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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