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Virgin Galactic keeps bleeding cash — but says demand for spaceflights has doubled


Virgin Galactic’s latest earning reports confirmed it still doesn’t make any money. But, eager space nerds looking to be shot into (sub)orbit by Richard Branson can now pay a $1,000 deposit, so that’s something. The Mojave-based firm only made $529,000 revenue last quarter, leading to a loss of $55 million, higher than analysts anticipated. The quarter previous saw it generate more than $800,000 in revenue, but lose $51.5 million overall. While losses mount, Virgin Galactic says customer demand has doubled, having garnered almost 8,000 reservations of interest since December 2018’s successful powered test flight — the first since 2014’s tragic crashing of its SpaceshipTwo VSS Enterprise.…

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