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 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.
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.
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, 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.
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 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 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.
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 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.