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According to the financial report, impacted by a gap in commercial flights caused by the retirement of the first-generation spacecraft VSS Unity, the company's fourth-quarter revenue was only $312,000, lower than analysts’ average expectation of $360,000. The total annual revenue for 2025 dropped to about $2 million. However, on the profit side, results outperformed market expectations: the fourth-quarter net loss significantly narrowed to $63 million, an improvement of about 17% compared to $76 million in the same period of 2024. Diluted earnings per share (EPS) for the quarter showed a loss of $0.98, better than Wall Street's previous forecasted loss range of $1.12 to $1.51.

Golden Ten Data reported on March 31 that the Nikkei 225 Index opened on Tuesday, March 31, down by 447.09 points or 0.86%, at 51,438.76 points.

Golden Ten Data reported on March 31 that a research note from Huatai Securities pointed out that the recent decline in gold prices was mainly driven by liquidity squeezes. When facing risks, investors tend to hold cash, which leads to the sell-off of assets such as gold. On one hand, escalating geopolitical tensions in the Middle East have put cash flow pressure on Gulf countries, causing gold to temporarily face pressure as funds shift from virtual to real assets. On the other hand, market concerns over stagflation combined with weakened expectations of interest rate cuts have intensified volatility in risk assets, triggering liquidity squeezes. The current macro scenario is similar to the 1973-1975 oil crisis, when gold prices experienced two rounds of declines followed by two rounds of gains. Back then, liquidity squeezes caused by risk aversion and economic recession were the main reasons for declines in gold prices, while stagflation and ample liquidity fueled two rounds of rallies. The logic for reallocating into gold as a medium- to long-term asset remains solid; it is crucial to grasp the pace of investment during risk events.