Virgin Galactic stock soars on space tourism timeline

Yahoo Finance Live anchors discuss Virgin Galactic earnings and guidance.

Video Transcript

[AUDIO LABEL]

- Virgin Galactic, we're watching those shares as well. They're up 6% after reporting a wider than expected loss for the third quarter. It did top revenue projections. And most importantly reaffirmed, it remains on track to launch space tourism services in the second quarter of 2023, and is going to have its commercial spacecraft going up in the middle of next year.

I mean, earnings smearnings for this thing. It doesn't obviously make any money yet, but it's all about the timeline here going forward. So that sort of confirmation is encouraging. Now you're making a face, Brad.

- They're selling tickets to space. They're selling tickets to go into suborbital space.

- Right into a recession. Right into a recession.

- Right into a recession, like my goodness, do we really expect to even--

- In this economy?

- Even the affluent community is saying, in this economy, right?

- The people who would buy tickets to space--

- Are not impacted?

- Who are not people who are--

- They own tech stocks that have been down 80% this year.

- Even still, I don't know.

- You're not sold?

- No. I'm not there. I'm not-- I'm not who they're going after. I'm sorry. I'm not buying a ticket.

- I don't know what-- yeah, maybe on the margins. I don't know. Maybe you put it off.