virgin galactic space flight

[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...

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

Virgin Galactic Investors Can Continue Richard Branson Suit, Judge Rules