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Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet

Virgin Galactic has raised $300m through an "at the market" offering of common stock and plans to raise a further $400m via a subsequent stock offering to fund the development and expansion of its spacecraft fleet. The company has cash and securities of $874m and one spacecraft, VSS Unity, which it has said can conduct flights as frequently as once a month, but its growth depends on the expansion of its fleet with the Delta-class vehicles it is developing.

The post Virgin Galactic Raises $300 million, seeks another $400 million to expand spacecraft fleet appeared first on Balanced News Summary.



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Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet

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