Virgin Galactic has lost $1 billion during the last two years

Space tourism company Virgin Galactic released its financial results for the fourth quarter of 2021, and the full year, on Tuesday afternoon. As usual, for a company that has yet to begin commercial service of its space plane, the results were grim.

During the final quarter of 2021, Virgin Galactic reported revenue of $141,000 and a net loss of $80 million. The cumulative results were even more sobering. According to the publicly traded company's consolidated statements, Virgin Galactic has now lost $1 billion during the last two years.

Company officials sought to put a positive spin on these financial results.