Space tourism business Virgin Galactic, already under financial pressure, has been downgraded by analysts at investment bank Morgan Stanley. The Morgan Stanley report (specifically on Virgin Galactic Holdings) has been rated “Underweight” by the bank with a Price Target of just $1.75. The report prompted a share sell-off and a fall on November 22nd of […]
Space tourism company Virgin Galactic says it will reduce the number of sub-orbital tourism flights and stop them completely by mid-2024. The company will instead focus on building its next-generation Delta rocket vehicle. Virgin’s Unity space plane last flew on November 2nd and would now fly every quarter year starting with its next flight (Galactic […]
Staff at space tourism business Virgin Galactic are being laid off. The employees were working at the rocket company’s Mojave Desert base. Virgin Galactic will unveil its latest financial results after the market closes today [November 8th] when more detail will emerge. Currently it is only saying that there is to be a “strategic realignment” […]
Space tourism business Virgin Galactic says its fifth passenger-paying sub-orbital flight will take place in early November, subject to the usual weather considerations. Virgin Galactic said that the next flight of its VSS Unity suborbital spaceplane, Galactic 05, is planning for a flight window that opens November 2nd from Spaceport America in New Mexico. Galactic […]
The fourth Virgin Galactic tourist flight (number 04) has a launch window opening today (October 5th). It is the fifth flight of the year and the ninth overall. One passenger will be Namira Salim, who will be the first Pakistani to get to space. Two other passengers are not named other than one is from […]
Space tourism business Virgin Galactic launched its Galactic 03 flight successfully on September 8th and says that its next flight, Galactic 04, will take place early in October. Galactic 03 was the company’s fourth successful spaceflight in the past four months and the third flight of Virgin Galactic’s inaugural commercial spaceflight season. The flight followed […]
Space tourism business Virgin Galactic has set September 8th as the probable date for its next sub-orbital launch. It will be the third commercial launch for the Sir Richard Branson-backed business. It will be the fourth successful flight in four months. ‘Galactic 3’ has a launch window opening on September 8thvirgin subject to weather and […]
Space tourism company Virgin Galactic reported its Q2 financials saying that its cash, cash equivalents and marketable securities were $980 million (€897.9m) as of June 30th 2023, a sequential increase of $106 million from the first quarter of 2023. Michael Colglazier, CEO of Virgin Galactic said, “During the quarter, we successfully completed two spaceflights in […]
Space tourism business Virgin Galactic is planning its Galactic 02 mission to happen on August 10th. This mission will be Virgin Galactic’s seventh spaceflight, second commercial spaceflight and third spaceflight this year; flying on this occasion three private passengers to space. The flight window will open on August 10th, continuing the Company’s regular cadence of […]
Sir Richard Branson-backed tourists-into-space project is seeking a cash infusion of about $400 million (€367.2m). Its first commercial sub-orbital flight (designated Galactic 01) is scheduled for later this week when it will carry a group of Italians on a brief journey to the edge of space. The mission will happen from Virgin’s Spaceport America in […]