Tag: virgin galactic

Richard Branson’s Virgin Galactic reaches space in overdue commercial debut
29Jun By adminNo Comments
Technology

Richard Branson’s Virgin Galactic reaches space in overdue commercial debut

[ad_1] Virgin Galactic Holdings Inc. sent paying customers to the edge of space for the first time, a milestone for the Richard Branson-founded company almost two decades in the making.The VSS Unity craft reached space at about 9:30 a.m. local time in New Mexico, Virgin Galactic revealed in a livestream of the event on its website Thursday. That was about an hour after the flight took off, carrying six people on board, including researchers from the Italian Air Force and the National Research Council of Italy. The commercial debut officially ushers Virgin Galactic into the ranks of space tourism providers alongside the likes of Elon Musk's SpaceX and Jeff Bezos' Blue Origin LLC. Virgin Galactic has said it expects to move soon to a regular cadence of monthly commercial flights, bringing...
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First Virgin Galactic commercial flight set for June as Richard Branson looks to restore sheen
16Jun By adminNo Comments
Technology

First Virgin Galactic commercial flight set for June as Richard Branson looks to restore sheen

[ad_1] Billionaire Richard Branson's space-tourism venture, Virgin Galactic Holdings, which has been bravely looking to get back on equal footing with Elon Musk led SpaceX and Jeff Bezos' Blue Origin, has finally announced the date for the launch of the company's first commercial passenger flight. Over the last year or so, Virgin had been left trailing both SpaceX and Blue Origin due to innumerable delays that dogged its flight schedule. The company had famously flown Branson to space in July 2021, but failed to do a widely expected commercial follow-up. The flight announcement has instantly been welcomed by investors who pushed the share higher.Called Galactic 01, the long-awaited mission will take place on June 27. The company also revealed that it will include researchers from the It...
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Virgin to launch commercial spaceflights in June
9May By adminNo Comments
Technology

Virgin to launch commercial spaceflights in June

[ad_1] Space tourism company Virgin Galactic announced Monday that it is resuming flights with a mission this month, its first in nearly two years, and the launch of commercial trips in June. The Unity 25 mission will take place in late May with four company employees on board, said Virgin Galactic, which was founded by British billionaire Richard Branson, who took part in the firm's last spaceflight in July 2021. "Unity 25 is the final assessment of the full spaceflight system and astronaut experience before commercial service opens in late June," Virgin Galactic said in a statement. Unity 25 will be the company's fifth trip into space, defined as 50 miles (80 kilometers) above sea level. Unlike other companies that use vertical-launch rockets, Virgin Galactic uses a carrier aircraft...
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Virgin Galactic Investors Can Continue Richard Branson Suit, Judge Rules
8Nov By adminNo Comments
Technology

Virgin Galactic Investors Can Continue Richard Branson Suit, Judge Rules

[ad_1] A New York federal judge ruled Richard Branson must face a shareholder suit alleging he concealed safety problems with Virgin Galactic Holdings Inc.’s space program. A New York federal judge ruled Richard Branson must face a shareholder suit alleging he concealed safety problems with Virgin Galactic Holdings Inc.'s space program and sold hundreds of millions of dollars of shares. While most of the claims in the suit were dismissed, US District Judge Allyne Ross in Brooklyn said the shareholders can proceed in trying to prove Virgin Galactic and its founder, Branson, defrauded them into overpaying shares of the space tourism company. They now trade at 90% below their peak in February 2021. Ross ruled shareholders could proceed with their claim that Virgin made false or misl...
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Virgin Galactic Says Commercial Space Flights on Track for Second Quarter
5Nov By adminNo Comments
Technology

Virgin Galactic Says Commercial Space Flights on Track for Second Quarter

[ad_1] Virgin Galactic stood by its plans to begin commercial space flights by the middle of next year, bolstering the company. Virgin Galactic Holdings Inc. stood by its plans to begin commercial space flights by the middle of next year, bolstering the company even as preparations remain a drag on its cash. The space tourism firm has multiple test flights scheduled in the coming months ahead of a planned launch in the second quarter, according to a statement Thursday. The disclosure came as Virgin Galactic reported third-quarter sales that beat estimates. The company, founded by entrepreneur Richard Branson, has grappled with supply-chain disruptions and labor constraints as it inches toward the debut of commercial service. It had planned to begin passenger flights to space this...
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