π Virgin Galactic $SPCE crashes ~13% β commercial launch punted to Feb 2027 with $190M cash burn
Virgin Galactic (SPCE) is getting crushed after the space tourism company pushed its first commercial Delta spaceship flight back to February 2027 from its Q4 2026 target. Q2 revenue collapsed to just $134K from $406K a year ago, and the company warned it could burn through $175Mβ$190M cash in the second half. With the stock near $2.89, is this a buying opportunity or a cash bonfire? Not financial advice.
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