Virgin Galactic, founded by Richard Branson, is a British-American spaceflight company focused on providing suborbital spaceflights to space tourists and researchers. As the world's first commercial spaceline, it develops and operates its own reusable spaceflight systems, including the SpaceShipTwo and WhiteKnightTwo. While the company is shifting its focus to Delta class vehicles for commercial service in 2026, its current partners include Redwire for manufacturing research payload lockers and it operates from Spaceport America in New Mexico.
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Virgin Galactic's latest flight of the VSS Unity spaceplane, Galactic 03, took place on September 8.
Virgin Galactic performed its third commercial suborbital spaceflight on 2023-09-08.
Ken Baxter is a Las Vegas real estate entrepreneur who purchased a SpaceShipTwo ticket from Virgin Galactic founder Richard Branson in 2004.
Shares of Virgin Galactic closed down 2.1% in trading on 2023-09-08 at $2.29.
Virgin Galactic’s ‘Galactic 03’ flight window will open on 2023-09-08.
Virgin Galactic has set September 8th as the probable date for its next sub-orbital launch, 'Galactic 03'.
Following the 'Galactic 03' spaceflight, the customers on board will become Virgin Galactic astronauts 014, 015, and 016.
The 'Galactic 03' crew bought their tickets as early as 2005 and are part of Virgin Galactic’s Future Astronaut community.
In the past 12 weeks, Virgin Galactic has introduced 11 new astronauts.
The Future Astronaut community of Virgin Galactic comprises approximately 800 individuals from more than 60 different countries.
The 'Galactic 03' launch is expected to be the third commercial launch for Virgin Galactic.
Virgin Galactic plans to continue flying monthly spaceflights and to develop Delta Class production spaceships to scale its business.
Virgin Galactic estimated near-term per-flight revenue of about $600,000 when flying three paying customers and one employee in Unity’s cabin.
Virgin Galactic forecasted approximately $1,000,000 in revenue for the current quarter and approximately $1,000,000 in revenue for the fourth quarter of the year.
Virgin Galactic planned to add a fourth paying customer to Unity flights as the company moves into 2024, increasing per-flight revenue to about $800,000.
Virgin Galactic began selling tickets in 2005 for SpaceShipTwo suborbital flights at an initial price of $200,000.
Virgin Galactic plans to introduce the Delta class of next-generation spaceplanes in 2026.
Virgin Galactic later raised its ticket price to $450,000 each.
Virgin Galactic reported a net loss of $134,400,000 in the second quarter of 2023.
Virgin Galactic had $980,000,000 in cash and equivalents on hand at the end of the second quarter of 2023.