Virgin Galactic, the space tourism company slated to begin flying customers in the near future, posted a net loss of $60 million for the first three months of 2020
New York .
The company's latest earnings report comes as it continues to work toward beginning commercial operations. Its shares have been hammered by the economic fallout from the Covid-19 pandemic over the past few months, just like the broader stock market, but the company's stock is still up about 50% so far in 2020.Virgin Galactic's founder, British billionaire Richard Branson, is expected to be the first non-crew member to fly aboard the company's suborbital vehicle, SpaceShipTwo.
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