Reliance On External SuppliersSPCE relies on external suppliers to fabricate their spaceship fuselage, wings, and feathering, which could present risks to the production timeline.
Revenue Generation ConcernsThe market continues to question the viability of the company’s business model and path to profitability, with a limited catalyst path until the resumption of revenue-generating flights.
Schedule DelaysThe company’s first commercial research flight is now anticipated later than previously expected, suggesting tighter execution risk across the remaining production milestones and raising the possibility of further delays.