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 merged with Social Capital Hedosophia, a SPAC created by venture firm Social Capital, and became a publicly traded company on the New York Stock Exchange.
NASA awarded VCLS contracts in 2015 to Firefly Space, Rocket Lab, and Virgin Galactic for one launch from each company.
On 2020-06-22 Virgin Galactic announced it would start offering orbital spaceflight experiences and would work with NASA through a Space Act Agreement.
Virgin Galactic expected the planned stock sale to raise $460,000,000 and planned to use the net proceeds primarily for general corporate purposes, including working capital and capital expenditures.
Virgin Galactic merged in July 2019 with Social Capital Hedosophia, a publicly traded holding company, and at that time planned to begin commercial service by mid-2020.
Virgin Galactic reported no revenue in the second quarter of 2020 and a net loss of $63,000,000 for that quarter.
Virgin Galactic filed with the U.S. Securities and Exchange Commission to sell up to 20.5 million shares of stock with an option to sell an additional 3 million shares.
Virgin Galactic had $360,000,000 in cash as of the end of the second quarter of 2020.
Virgin Galactic unveiled the design of the SpaceShipTwo customer cabin on 2020-07-28 and was still completing the cabin installation on VSS Unity.
Virgin Galactic revised its schedule earlier in 2020 and set a goal in February 2020 to fly Sir Richard Branson by the end of 2020.
Virgin Galactic unveiled the One Small Step program that allows prospective customers to pay a $1,000 deposit for the first opportunity to buy tickets when sales resume.
George Whitesides grew Virgin Galactic from 30 employees in 2010 to more than 900 employees.
Virgin Galactic announced on 2020-07-15 that Michael Colglazier will become chief executive effective 2020-07-20.
Virgin Galactic pledged $100,000 to a scholarship for Black Americans pursuing STEM degrees with a focus on aerospace.
Virgin Galactic completed a merger with Social Capital Hedosophia in 2019 that made Virgin Galactic a publicly traded company.
Virgin Galactic plans to unveil the cabin interior of SpaceShipTwo in a 2020-07-28 virtual event.
NASA awarded original VCLS contracts in October 2015 with a combined value of $17,100,000 to Firefly Space, Rocket Lab, and Virgin Galactic.
Virgin Galactic’s smallsat launch business was spun off into a separate company, Virgin Orbit.
Since February 2019, Virgin Galactic has been outfitting the SpaceShipTwo cabin interior and performing other vehicle modifications.
Virgin Galactic’s SpaceShipTwo had not made a powered test flight since 2019-02-01 and conducted a glide test flight on 2020-05-01 from Spaceport America in New Mexico.