Verified facts grounded in source documentation.
Virgin Galactic raised $241,000,000 in a sale of stock in the second quarter of 2023.
Virgin Galactic reported a net loss of $134,400,000 in the second quarter of 2023.
Walter Villadei, an Italian Air Force pilot, flew on Virgin Galactic’s first commercial suborbital flight on 2023-06-29 and trained with Axiom Space while serving as a backup on the Ax-2 mission to the International Space Station in May.
Virgin Galactic shares closed down nearly 10.8% on 2024-06-29, with most losses occurring in trading after the Galactic 01 flight.
Richard Branson announced plans for Virgin Galactic in September 2004, just before SpaceShipOne won the $10,000,000 Ansari X Prize.
Richard Branson announced plans for Virgin Galactic in September 2004, just before SpaceShipOne won the $10,000,000 Ansari X Prize.
Virgin Galactic announced plans to sell an additional $400,000,000 of stock and is working with Credit Suisse, Morgan Stanley, and Goldman Sachs on that offering.
Virgin Galactic signed a contract with the Italian Air Force for the mission in October 2019 with initial intent to fly as soon as late 2020 or early 2021.
If Unity 25 is successful, Virgin Galactic expects to conduct its first commercial flight, Galactic 01, in late June 2024 as a dedicated research flight for the Italian Air Force under a contract announced in 2019.
Virgin Galactic reported a net loss of $93,000,000 in the first quarter of 2022, with increased research and development costs for the Delta-class vehicle cited as a key factor.
Virgin Galactic reported a net loss of $159,400,000 in the first quarter of 2024 with negligible revenue.
Virgin Galactic’s first commercial flight is a dedicated research flight for the Italian Air Force under a contract signed in 2019.
Virgin Galactic recorded revenue of $2,300,000 for 2022 and a net loss of $500,000,000 for 2022.
Virgin Galactic made announcements about partnerships to produce next-generation vehicles and plans a factory in the Phoenix area to build Delta-class vehicles.
Virgin Galactic announced an agreement with Axiom Space to fly a microgravity research and training mission tentatively scheduled for 2023 to train an Axiom astronaut for a later orbital mission.
Virgin Galactic reported a net loss of $146,000,000 in the third quarter and revenue of $767,000 for the third quarter.
Virgin Galactic delayed work on VSS Imagine to complete flight testing of VSS Unity and to perform an extensive refurbishment of Unity and its WhiteKnightTwo carrier aircraft VMS Eve after Unity carried company founder Richard Branson to space in July 2021.
Virgin Galactic will perform final assembly of the new carrier aircraft at an existing company factory in Mojave, California.
Virgin Galactic announced plans to sell up to $300,000,000 in stock.
Virgin Galactic is performing refurbishment work on VMS Eve at its factory in Mojave, California.