Analyst on why Virgin Galactic is doing a 'great job,' and could be a leader in space tourism

Virgin Galactic (SPCE) reported its fourth-quarter earnings, missing expectations on both the top and bottom line, with $2.81 billion in revenue against an expected $2.98 billion. The space tourism company posted slightly narrower-than-expected losses, sharing losses of $0.26 per share versus an expected $0.29. Shares of the company began to fall Wednesday morning after the report was posted.
Michael Leshock, Assistant Vice President of Equity Research at KeyBanc Capital Markets, joins Yahoo Finance to discuss Virgin Galactic's position for space tourism and why he feels bullish on the company despite the disappointing results.
In terms of how the company is positioned for space tourism going forward, Leshock says: "Right now, you can look at their backlog and they have ample demand really for the foreseeable future. The market could be significantly bigger than what we have today, but again, there are a lot of unknowns around that and I think it's just important to focus on the supply-demand imbalance here because there's not a lot of people, if any, companies that are doing what Virgin Galactic can do and there are quite a few people in their backlog and more that want to buy tickets and ticket sales have yet to reopen. So that's an important watchpoint."
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[@JimWatson10]

Wait till SpaceX goes public and all Space shares will go up by 20% - people who invest in Space atm are extremely rare. I asked over 100 people in the last two years and none of them knows Virgin Galactic and even some of them know about SpaceX - I buy shares of the leading companies and hold them for a min. of ten years and I am not checking their prices more than once a year. - There will be a sunny day in 2035 when the whole space industry will be the next "big thing". But right now, there is a Meta, AI and even defence hype. :)

[@noname-JS]

Then why has the stock tanked from $30 to $1?

[@JB-ic4gw]

Change the b to m. There revenue was not in billions.

[@doomtomb3]

Yes I was like why would they be in trouble if they were taking in billions??

[@Yenzi769]

Thanks yahoo!

[@denp28]

Sydney Canada🇨🇦

[@shockcat5988]

I really hope we can get to space but all of the stock investors are crying and pulling out their hair sadly over the years with this thing.😭

[@jhonnyshmith5861]

Bs