Space tourism company Virgin Galactic (NYSE: SPCE) reported second-quarter earnings of $357,000, a 37.5% year-over-year decline. The company also reported cash and cash equivalents of $329.9 million, a 40% YoY drop. WHY IT MATTERS: Virgin Galactic has opted to invest in its long-term success at the expense of short-term revenue. “2022 is a year we set ourselves […]