Virgin Galactic posts Q2 results; sets price for space flights

Virgin Galactic has reported a net loss of $94 million for the second quarter ended June 30, 2021 compared to a $72 million net loss in the prior-year period. The company reported adjusted EBITDA of negative $56 million, compared to negative $54 million in the second quarter of 2020. Following the successful first fully crewed spaceflight on July 11, Virgin Galactic has now reopened sales for its commercial space flights “In the second quarter, we made meaningful progress towards commencing commercial service in 2022. We successfully completed two spaceflights from New Mexico — the latest carrying a full crew of