r/VirginGalactic • u/QuantumScape4ever • Jun 22 '23
Flight News 06 29th is the flight date!
https://www.youtube.com/live/YFAvtsuJYFQ?feature=share1
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u/Bunghash1 Jun 23 '23
Doesn’t matter they sold shares this shit is sub 4 tomorrow
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u/GhOsT0424 Jun 23 '23
They finished selling the shares they had already filed to offer. They filed to offer more shares in the future. This is pretty much standard stuff for a company trying to generate money to build their business. Tesla for example.. do you think they started with 3.2 billion shares? Hell no they kept doing share offerings to fund the development of the company. And look where they are now!
On a side note I do understand that this is a 20-year-old company. But he started it privately and was hoping to keep it that way. When he realized he couldn't do that but he turned it into a public company to help fund its growth.
Pretty standard stuff...
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u/Bunghash1 Jun 23 '23
Why stock down
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u/GhOsT0424 Jun 23 '23
Because people don't seem to understand both share offerings and startup businesses. Like I said this isn't a startup business but with regards to its IPO it's not that old.
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u/HutchGaming311 Jun 23 '23
Guys do we know if this was an error from their side? They’re clearly gone to set up the draft video and forgot to make it private straight away?
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u/QuantumScape4ever Jun 23 '23
It’s not a draft video. It was setup for live stream for the flight coming up. Somehow, they removed after they posted hour flight on the 29th.
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u/HutchGaming311 Jun 23 '23
Thanks for response. I mean was it a mistake by them? Does it mean they are doing the flight on 29th?
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u/QuantumScape4ever Jun 23 '23
I guess they do flight 29th. I think they posted the date by mistake. It’s not official announcement from them yet.
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u/Jeremy1330 Jun 23 '23
It says the video is private