Virgin Galactic News
Branson sells down Virgin Galactic stake
Richard Branson has sold a further 10.4 million shares in Virgin Galactic, worth US$300 million. Funds raised from the transaction will be used by Virgin Group to support other businesses.
Virgin Galactic opens ticket sales for space flights
Virgin Galactic has opened ticket sales for space flights, with prices starting at US$450,000 a seat. The company confirmed it is making progress toward beginning revenue flights next year.
Branson blasts off with Virgin Galactic
Virgin Galactic has successfully flown founder Richard Branson into space for the first time. The VSS Unity successfully reached space, completing the fourth rocket-powered spaceflight from the company.
Virgin Galactic on track despite test failure
During a test flight, the rocket motor “did not fire due to the ignition sequence not completing”. The pilots conducted a safe landing and return to Spaceport America, New Mexico as planned.
Virgin Galactic reveals VSS Unity cabin design
Virgin Galactic, in collaboration with London design agency, Seymourpowell, has striven to remain faithful to tradition by developing an elegant but progressive, experience-focused concept for the cabin of its spaceship.
Branson to sell $500m stake in Virgin Galactic
Richard Branson is reportedly to sell a stake in Virgin Galactic to raise $500 million to prop up his other businesses. He currently owns 55 per cent of the venture, and is thus likely to lose his controlling interest.
Virgin Galactic to release more tickets to space
Virgin Galactic has said it will slowly reopen sales of spaceflights to meet growing demand. The company formally closed its doors to new ticket sales after its first space flight in 2018, having sold around 600 spaces at £250,000 apiece.
Boeing takes stake in Virgin Galactic
Boeing is investing $20 million in Virgin Galactic, a vertically integrated human spaceflight company. The companies will work together to broaden commercial space access and transform global travel technologies.
Virgin Galactic opens Gateway to Space in New Mexico
Virgin Galactic has revealed the first look at the interior of its Gateway to Space building at Spaceport America in New Mexico. The work showcases the two floors of the building primarily focused on spaceflight operations.
Virgin Galactic reaches space for first time
Not only is this the first human spaceflight to be launched from American soil since the final Space Shuttle mission in 2011, but the very first time that a crewed vehicle built for commercial, passenger service, has reached space.
Saudi Public Investment Fund takes $1bn stake in Virgin Galactic
The Public Investment Fund of Saudi Arabia and Virgin Group have signed a non-binding memorandum of understanding for a partnership under which PIF intends to invest approximately $1 billion into Virgin Galactic, The Spaceship Company and Virgin Orbit.
Virgin Galactic welcomes Boeing 747 ‘Cosmic Girl’ to fleet
Virgin Galactic introduced the newest addition to its fleet of vehicles today as part of a technical update on its LauncherOne small satellite launch service. The 747- 400 commercial jet aircraft, previously operated by Virgin Atlantic under the nickname ‘Cosmic Girl,’ will provide a dedicated launch platform for the LauncherOne orbital vehicle.