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
Former bosses at video games firm Ubisoft on trial in France accused of sexual harassment
Millions of Australian workers to get an above-inflation pay rise as minimum wage lifts by 3.5%
High-rise, high expectations: is Casablanca’s finance hub a model for African development?