Virgin Galactic

Virgin Galactic
IATA ICAO Call sign
VGX GALACTIC
Founded2004 (2004)
Operating bases
Fleet sizeDecrease 1 (mothership vehicle) (2024)
Destinations1 (Space)
Traded as
HeadquartersTustin, California, U.S
Key peopleMichael Colglazier (CEO)
Doug Ahrens (CFO)
Mike Moses (President – Safety)
FounderRichard Branson
RevenueDecrease US$2.31 million (2022)
Operating incomeDecrease US$−500 million (2022)
Net incomeDecrease US$−500 million (2022)
Total assetsIncrease US$1.14 billion (2022)
Total equityDecrease US$480 million (2022)
Employees1,166 (2022)
Websitevirgingalactic.com
Notes
Financials as of December 31, 2022.[1]

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.[2]

The company in California, and operates from New Mexico. The company develops commercial spacecraft and provides suborbital spaceflights to space tourists. Virgin Galactic's suborbital spacecraft are air launched from beneath a carrier airplane known as White Knight Two. Virgin Galactic's maiden spaceflight occurred in 2018 with its VSS Unity spaceship.[3]

The company did the early work on the satellite launch development of LauncherOne before this was hived off to a separate company, Virgin Orbit, in 2017. The company was shut down in May 2023.

On 13 December 2018, VSS Unity achieved the project's first suborbital space flight, VSS Unity VP-03, with two pilots, reaching an altitude of 82.7 kilometres (51.4 mi), and officially entering outer space by U.S. standards.[4] In February 2019, the project carried three people, including a passenger, on VSS Unity VF-01, with a member of the team floating within the cabin during a spaceflight that reached 89.9 kilometres (55.9 mi). On 11 July 2021, founder Richard Branson and three other employees rode on VSS Unity 22 as passengers, marking the first time a spaceflight company founder has travelled on his own ship into outer space.[5] In February 2022, Virgin Galactic announced that it was opening ticket sales to the public.[6] The price of a reservation was $450,000.[7] In June 2023, Virgin Galactic launched its first commercial space tourism flight called Galactic 01.[8][9] Galactic 07 in June 2024 was the final flight of Unity as the company shifted focus to its Delta class vehicles and a higher launch cadence.[10]

In February 2025, a ticket for a seat is estimated to cost about $600,000.[11]

  1. ^ "Virgin Galactic Holdings, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 28 February 2023.
  2. ^ "Virgin Galactic Holdings, Inc. SEC Sch 13D". 10 November 2021.
  3. ^ Cite error: The named reference meet pilots was invoked but never defined (see the help page).
  4. ^ "Branson's Virgin Galactic successfully reaches space". BBC. 13 December 2018. Retrieved 13 December 2018.
  5. ^ Betz, Eric (27 November 2023). "The Kármán Line: Where space begins". Astronomy Magazine. Retrieved 1 March 2024.
  6. ^ Prang, Allison (15 February 2022). "You Can Now Sign Up to Go to Space With Virgin Galactic". Wall Street Journal. ISSN 0099-9660. Retrieved 18 February 2022.
  7. ^ "Blue Origin to increase New Shepard launches in 2022". 18 February 2022.
  8. ^ Sheetz, Michael (15 June 2023). "Virgin Galactic sets first commercial space tourism flight for this month; shares spike more than 30%". CNBC. Retrieved 15 June 2023.
  9. ^ Sheetz, Michael (29 June 2023). "Virgin Galactic spaceflight live updates: First paying customers set for space in key step for tourism". CNBC. Retrieved 29 June 2023.
  10. ^ Foust, Jeff (8 May 2024). "Virgin Galactic plans higher mothership flight rate with next-generation spaceplanes". SpaceNews. Retrieved 9 May 2024.
  11. ^ updated, Mike Wall last (25 February 2025). "Blue Origin launches 'Perfect 10' space tourists on New Shepard rocket (video)". Space.com. Retrieved 25 February 2025.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search