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On the bottom line, Virgin Galactic lost $72.7 million -- $2.66 per share -- despite growing its share count dramatically, and spreading its losses out among 49% more shares than it had a year ago.
The flight, called Galactic 06, launched on January 26 and marked Virgin Galactic’s first space tourism mission of the year after entering commercial service in 2023.
Virgin Galactic (NYSE: SPCE) is out of the space tourism business -- at least for a while. On Saturday, June 8, Virgin Galactic's "Galactic 07" mission successfully took off, briefly visited space ...
Virgin Galactic Unity 25 was a sub-orbital spaceflight by Virgin Galactic that took place on 25 May 2023. The flight used their SpaceShipTwo spaceplane VSS Unity. The crew consisted of six Virgin Galactic employees. Unity 25 was the first spaceflight for the company since Unity 22 in 2021, when founder Richard Branson flew to space. [1]
Virgin Galactic was founded in 2004 by British entrepreneur Sir Richard Branson, who had previously founded the Virgin Group and the Virgin Atlantic airline, and who had a long personal history of balloon and surface record-breaking activities. As part of Branson's promotion of the firm, he has added a variation of the Virgin Galactic livery to ...
Virgin Galactic CEO George T. Whitesides, in a news conference following the incident, said that "Space is hard and today was a tough day." [39] [40] Virgin founder Richard Branson said after the crash: "We do understand the risks involved and we are not going to push on blindly—to do so would be an insult to all those affected by this ...
Virgin Galactic will provide a further update at the completion of the review, the company said. The issue was found during post-flight reviews and reported to the regulator on Wednesday, Richard ...
Virgin Galactic has recently reported a future of two carrier ships and three spaceships with 400 launches a year. conducts launches of student designed and fabricated suborbital rock. On March 30, 2021, Virgin Galactic unveiled its new suborbital spaceplane "Spaceship III". A flight test program was planned to begin in the summer of 2021.