Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020.
Virgin Galactic reported first quarter results after the market closed on Tuesday, including more than 400 customer deposits the company hopes to turn into space tourists.
The company logged an adjusted EBITDA loss of $53 million for the quarter, just below last quarter’s $55 million loss.
Shares of Virgin Galactic rose as much as 9% in after-hour trading from its close of $16.62
“The COVID-19 outbreak led to an unprecedented situation for companies and individuals across the world, but I am encouraged by the commitment displayed by our team in helping to support relief efforts while making program progress. We remain focused on our strategic goals and our path to commercial launch,” Virgin Galactic CEO George Whitesides said in a statement.
While Virgin Galactic said it temporarily suspend its operations in March, it “resumed limited operations in April.” The company said…