Business Model ViabilityWith no revenue-generating flights until 2026 and technological risk ahead as SPCE develops its new fleet of spacecraft, the market is questioning the viability of the business model.
Financial PerformanceManagement is guiding to a significant free cash flow burn in the fourth quarter of 2024.
Operational RisksThere are considerable risks given minimal revenue generation, negative cash flows, consumer discretionary risk, and limited commercial flights.