By Michael Sheetz, Published by CNBC, 9 May 2023 Key Points: Virgin Galactic is aiming to fly its first spaceflight in nearly two years later this month. But the space tourism company’s first quarter loss widened as it funds its fleet growth. Virgin Galactic cited “increases in research and development
By Jeff Foust, Published by SpaceNews, 9 May 2023 WASHINGTON — As Virgin Galactic prepares to finally begin commercial flights, the company is providing new details about how its next generation of vehicles can put the company on a path to profitability. In a May 9 earnings call, company executives
By Elizabeth Howell, Published by Space.com, 28 April 2023 'She's a beautiful glider, and we are able to execute a beautiful runway landing.' Virgin Galactic's spaceplane is back in flight after two years on the ground. The VSS Unity spacecraft from Virgin Galactic performed a nine-minute test glide over New
By Luke Barr, Published by This is Money, 15 April 2023 Small businesses in Cornwall are nursing thousands of pounds in losses after the sudden collapse of Virgin Orbit. Sir Richard Branson's satellite launch company filed for Chapter 11 bankruptcy in the US this month, extinguishing any lingering hope that
Published by The BBC, 5 April 2023 A senior executive at Virgin Orbit has hit out at the leadership in a farewell email, telling staff at the bankrupt rocket firm they "deserved better". Chief operating officer Tony Gingiss issued a lengthy apology to workers while blasting his fellow managers for
By Kalyeena Makeortoff, Published by The Guardian, 4 April 2023 Move by firm founded by Sir Richard Branson comes days after 85% cut of workforce announced Virgin Orbit, the satellite launch company founded by the billionaire Sir Richard Branson, has filed for bankruptcy protection in the US after last-ditch efforts
Published by Seeking Alpha, 23 March 2023 Summary Virgin Galactic Holdings is still burning through cash at an alarming rate. And a really important point will be whether they can meet their Q2 start date. If they have to postpone it again, combined with further shareholder dilution, this would probably
By Channing Reid, Published by Simple Flying, 21 March 2023 The company is desperately searching for a lifeline. Bankruptcy could become a reality for satellite launch provider Virgin Orbit as soon as this week. The US-based group is reportedly scrambling to find a funding source to avoid insolvency. Last week,
