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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More than 400 people had signed up for Virgin Galactic’s "One Small Step" initiative by 2020-05-05, which requires a $1,000 deposit to be first in line when ticket sales resume.
Virgin Galactic signed a Space Act Agreement with NASA to support work on future high-speed transportation systems.
Bridenstine confirmed to Trump that he would consider using Virgin Galactic's suborbital spaceflight system.
Trump showed interest in the positive pressure helmet breathing system developed in cooperation with Virgin Galactic.
Virgin Galactic is producing an additional 500 positive pressure helmets based on the Armstrong design to be distributed around the country in collaboration with Armstrong and Antelope Valley Community College.
Virgin Galactic’s SpaceShipTwo flew suborbital flights in December 2018 and February 2019 that exceeded 80.5 km (approximately 80 km) in altitude.
The Southwest Research Institute purchased flights on Virgin Galactic’s SpaceShipTwo and also purchased flights on the Lynx suborbital spaceplane developed by XCOR Aerospace.
Virgin Galactic raised more than $682,000,000 in 2019, driven largely by its reverse merger with special-purpose acquisition company Social Capital Hedosophia and subsequent public trading of its stock.
Virgin Galactic merged with Social Capital Hedosophia in 2019 in a deal that provided the company with more than $800,000,000 to support development and to buy out some earlier investors.
Virgin Galactic stock closed at $11.79 a share on 2020-01-02, rose to $18.61 a share by 2020-02-03, and reached $37.26 a share by 2020-02-20.
Virgin Orbit established operations in Long Beach in 2015 when its air-launch project was part of Virgin Galactic.
Virgin Galactic plans to move VSS Unity to Spaceport America in New Mexico early in 2020 for a final series of test flights.
Virgin Galactic received nearly 8,000 registrations of interest in flight reservations primarily through its website as of 2020-02-25.
Virgin Galactic stock closed at $34.04 per share on 2020-02-25.
Virgin Galactic will allow potential customers to sign up for a One Small Step program by paying a refundable $1,000 deposit applicable to a future ticket sale.
Virgin Galactic’s net loss in the fourth quarter of 2019 was $72.8 million, compared to a net loss of $51,500,000 in the third quarter of 2019.
Virgin Galactic projected positive EBITDA in 2021 growing to $274,000,000 in 2023 in an investor presentation in September 2019.
Virgin Galactic’s stock fell to as low as $7 per share late in 2019 and rose to as high as $37.35 per share at the close of trading on 2020-02-19.
Virgin Galactic reported adjusted EBITDA of –$187,000,000 for 2019, compared to adjusted EBITDA of –$132,000,000 in 2018.
Virgin Galactic reported a net loss of nearly $211,000,000 on revenue of about $3,800,000 for 2019.