Billionaire Richard Branson's space tourism company Virgin Galactic Holdings Inc will keep running as a critical infrastructure business, even as many U.S. states in which it operates have mandated business closures during the coronavirus outbreak.
FILE PHOTO: Virgin Galactic logo is displayed on a screen on the floor of the New York Stock Exchange as the company begins public trading in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid
“We are an aerospace manufacturer with defense and government contracts and therefore categorized as a Critical Infrastructure business,” a company spokeswoman told Reuters in an emailed statement. Virgin Galactic’s net losses widened to $73 million in the fourth quarter from $46 million in the year-ago period, it reported in its first financial results as a publicly traded company in February.
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