Virgin Galactic reveals new ship, but it's running out of time and cash

Virgin Galactic unveiled a new spacecraft design, but faces a dual crisis of dwindling cash reserves and a rapidly closing window to operational flights. The company has just $300 million left, which covers only 18 months of runway at current burn rates—40% less than the average space tourism venture. Their new Delta-class ship is touted to carry six passengers, outperforming #1's Blue Origin New Shepard by two seats. Yet with no commercial flights scheduled until 2027, Virgin Galactic must secure additional funding from operations or investors. This gamble comes after a 3-year delay, making their timeline 60% longer than originally promised.