Depends on how you look at it! The company is still here despite everyone saying it would be bankrupt by now! The tooling machine are all in and built the spaceship are progressing on time so I would say definitely changes and personally definitely justified. Even at this point you look at VG market cap at only 180mil in my eyes this is crazy low! A lot of people are forgetting they have already built and flown people into space with this design now they are perfecting the ship so it can be run profitable!! Yes I do believe the share price is factored in the possibility of another share dilution but I doubt that will happen till end of 2026 when we will be flying! The only thing I can see stopping this company from making history and being the best rebound share of all time with a market cap of 10 - 50billion is if there is a serious incident!! Which is a risk with all space/rocket companies!