Verified facts grounded in source documentation.
Virgin Galactic reported a net loss of $130,000,000 in the first quarter of 2021 and had $617,000,000 of cash and cash equivalents on hand.
Of the space SPAC deals announced after Virgin Galactic’s 2019 acquisition, six were slated to close in 2021.
VSS Imagine was built at Virgin Galactic’s facility in Mojave, California.
Virgin Galactic completed its SPAC transaction in 2019, triggering a surge of SPAC activity in the space sector.
Virgin Galactic merged with Social Capital Hedosophia in 2019 and sparked the current wave of space SPAC transactions.
Virgin Galactic retired The Spaceship Company brand as part of an internal realignment in December.
Virgin Galactic merged with the SPAC Social Capital Hedosophia in 2019, a deal that raised $460,000,000 and took Virgin Galactic public on the New York Stock Exchange in October 2019.
Virgin Galactic merged with the SPAC Social Capital Hedosophia in 2019, a deal that raised $460,000,000 and took Virgin Galactic public on the New York Stock Exchange in October 2019.
Virgin Galactic conducted a secondary stock offering in 2020 that raised $441,000,000.
At the conclusion of the fall 2021 stand-down, Virgin Galactic expects VSS Unity to begin flying private astronauts and SpaceShip III to be in a position to complete its flight testing in early 2022.
Virgin Galactic went public in 2019 by merging with Social Capital Hedosophia.
Virgin Galactic will launch its SpaceShipTwo suborbital spaceplane in mid-February 2021.
Virgin Galactic planned a 2020-12-12 test flight during which SpaceShipTwo was released from the WhiteKnightTwo aircraft and its hybrid rocket motor ignited but almost immediately shut down.
Virgin Orbit is a sister company to Virgin Galactic and intends to deploy satellites using rockets released from under the wing of a Boeing 747 airliner.
Virgin Galactic’s cash reserves grew to $742,000,000 after the company raised $440,000,000 in a secondary offering of stock in August 2020.
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.
Virgin Galactic reported no revenue in the second quarter of 2020 and a net loss of $63,000,000 for that quarter.
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 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 completed a merger with Social Capital Hedosophia in 2019 that made Virgin Galactic a publicly traded company.