Will Virgin Galactic file for bankruptcy protection before 2026?

Metaculus
★★★☆☆
73%
Likely
Yes

Question description

Virgin Galactic Holdings, Inc. is an American publicly-traded spaceflight company founded by Richard Branson. The company is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists.

The company went public through a SPAC merger in 2019, and reached a peak market capitalisation of over $14 billion in February 2021. However, since that time, the company's stock price has declined dramatically, falling more than 80% to less than $2.5 billion.

The company continues to burn cash, losing over $100 million in Q2 of 2022, and recording revenue of just $357,000 in the quarter.

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IndicatorValue
Stars
★★★☆☆
PlatformMetaculus
Number of forecasts203

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73%
Likely

Virgin Galactic Holdings, Inc. is an American publicly-traded spaceflight company founded by Richard Branson. The company is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists.

The company went public...

Last updated: 2023-05-02
★★★☆☆
Metaculus
Forecasts: 203

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