Branson's $1 Billion Boondoggle

New Mexico's 'business partner' keeps bleeding cash

Well, it’s official. Virgin Galactic has lost a billion dollars.

That’s one of the facts learned — if not mentioned — during the company’s “earnings” call earlier this week. As expected, Virgin Galactic put the best-possible spin on its situation, with plenty of blather about “key strategic hires,” “building a new industry from the ground up,” and follow…

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