Verified facts grounded in source documentation.
Virgin Galactic signed a cooperative agreement with Ente Nazionale per l’Aviazione Civile (ENAC) on 2024-12-12 to study the feasibility of operating Delta-class suborbital spaceplanes from Grottaglie Airport in southern Italy.
Virgin Galactic announced plans in November to raise $300,000,000 to accelerate development of additional spaceplanes and a mothership aircraft for Spaceport America.
Virgin Galactic needs to raise $300,000,000 to accelerate work on the additional spaceplanes and mothership while retaining flexibility on the timing of the raise based on existing cash.
Virgin Galactic is proposing to raise $300,000,000 in additional capital to accelerate production of suborbital spaceplanes and a mothership aircraft.
Virgin Galactic had revenue of $402,000 in the third quarter and a net loss of $74,500,000 for the quarter.
Virgin Galactic plans to assemble Delta-class vehicles at a new facility in Mesa, Arizona, where the company will perform final assembly and ground tests.
Virgin Galactic's share price declined gradually since last June, when the company reached a 52-week high of about $6 per share shortly before the first commercial flight of its VSS Unity suborbital spaceplane.
Virgin Galactic expects average per-seat revenue of more than $800,000 for Galactic 07.
Virgin Galactic is considering long-term options to expand operations to other sites in the United States or other countries and to expand at Spaceport America itself.
Virgin Galactic is considering long-term options to expand operations to other sites in the United States or other countries and to expand at Spaceport America itself.
Virgin Galactic is producing next-generation Delta-class ships with testing expected to start next year and commercial service planned for 2026.
Virgin Galactic is producing next-generation Delta-class ships with testing expected to start the year after 2024 and commercial service expected in 2026.
The Ax-3 pilot is Walter Villadei, an Italian Air Force officer who trained as the backup pilot for Ax-2 and flew on Virgin Galactic’s first commercial VSS Unity suborbital flight in June 2023.
Virgin Galactic had a net loss of $105,000,000 in the third quarter of 2023.
Virgin Galactic announced on 2023-11-07 that it would cut 185 jobs, representing about 18% of its workforce.
Virgin Galactic reported a net loss of $134,400,000 in the quarter when it had $980,000,000 of cash and equivalents on hand.
Treavor Beattie is a British advertising executive and film producer who accompanied Richard Branson to a SpaceShipOne flight in 2004 and signed up for a Virgin Galactic flight on the spot.
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 estimated near-term per-flight revenue of about $600,000 when flying three paying customers and one employee in Unity’s cabin.
Virgin Galactic had revenue of $2,000,000 in the second quarter of 2023.