virgin galactic flight

[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...

[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...

Tag: virgin galactic flight

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

Virgin Galactic Investors Can Continue Richard Branson Suit, Judge Rules