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” […]

Virgin Media O2 has reported net additions across fixed up 32,500, broadband up 40,800, and mobile contracts up 50,000 in Q3. Fixed network rollout passes 500,000 in the quarter, with 250,800 additional homes serviceable. Transaction adjusted revenue increased 7.1 per cent to £2.7 billion (€3.1bn) – 1.3 per cent excluding the benefit of nexfibre construction […]

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 […]

Media regulator Ofcom has published its latest complaints figures for broadband, landline, mobile and paid-TV services, covering the period from April to June 2023. Vodafone is the most complained about broadband provider, with 24 complaints per 100,000 customers, mainly driven by experience with faults, service and getting services connected. This is an increase compared with […]

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 […]

The Digital TV Group (DTG), in partnership with Ateme, Imaginary Pictures, Virgin Media O2 and University of Surrey have successfully secured Government funding to develop a solution to optimise mobile network performance in High Demand Density (HDD) environments such as music festivals, sporting events, and major public gatherings. The 5G ONE4HDD consortium aims to design […]

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 […]