British billionaire alarms investors by stating space tourism company has enough cash to operate ‘on its own’
Shares in the space tourism group Virgin Galactic tumbled on Monday after its founder, Sir Richard Branson, ruled out further funding.
The British billionaire alarmed investors by stating in an interview that the loss-making business has enough cash to operate “on its own”, weeks after it announced job cuts and a pause in commercial flights from next year in an effort to save cash.
About Author
More Stories
Italy seeks to protect restaurants and hotels from fake and paid-for reviews
Bodies recovered from illegal goldmine in South Africa where many feared dead
‘Don’t allow you to go to the bathroom’: big tech’s call center workers in Greece on strike