Virgin Galactic announced it is laying off an undisclosed number of employees in order to cut costs, saying high interest rates impacted the decision.
Virgin Galactic launched its first private astronaut mission on Thursday from Spaceport America in New Mexico. The "historic" flight included an Olympian and mother-daughter duo.
Virgin Galactic unveiled the identifies of the three individuals that the space company will carry on its Galactic 02 mission next month: Keisha Schahaff, Anastatia Mayers and Jon Goodwin.
Virgin Galactic Holdings, Inc. announced its first-ever private astronaut mission on Thursday, with the flight window opening on Aug. 10. It will carry three passengers to space.
Shares of Richard Branson's Virgin Galactic fell more than 10% on Thursday after the company successfully completed its first commercial spaceflight dubbed Galactic 01.
Virgin Galactic officially started its commercial spaceflight operations on Thursday morning with the launch of a crew on a suborbital scientific research mission.
Virgin Galactic's suborbital flight will feature three crew members from Italy and is expected to launch on Thursday morning. The company completed its final test flight last month.
Crew members of Virgin Galactic’s first research-based commercial spaceflight are from the Italian Air Force and the Italy’s National Research Council.
Virgin Galactic announced that the company will launch its first commercial spaceflights this summer with a research mission in June followed by a private astronaut trip in August.
Virgin Galactic's launch Thursday went off without a hitch, the latest move by one of three major billionaire-backed players in the space race. SpaceX and Blue Origin also had developments recently.
Virgin Galactic has revealed the date that will mark the opening of the window for its Unity 25 spaceflight. The opening for the mission will fall on May 25.
Richard Branson's Virgin Orbit is pausing operations and furloughing most employees until at least next week, a spokesperson confirmed to Fox Business.
Richard Branson reflected on his friendship with fellow billionaire and space entrepreneur, saying the SpaceX CEO once surprised him at his house in the middle of the night.
Virgin Galactic announced Thursday the aerospace company is pushing back its plans for commercial space flight once again, sending its stock tumbling.
The facility, which will be capable of producing up to six of the company's Delta-class spaceships per year, is expected to be fully operational by late 2023.
Sir Richard Branson's Virgin Orbit successfully conducted a mission Friday night in which the company launched a series of satellites for the U.S. Defense Department.
Billionaire Elon Musk's SpaceX will likely become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, sources close to the company's valuation told Reuters.
Shares of Richard Branson's Virgin Galactic have tumbled after the aerospace giant's stock was downgraded from a buy to a hold rating by Truist Securities analyst Michale Ciarmoli.
Richard Branson's Virgin Galactic is losing a key board member.
Virgin Galactic's commercial spaceflights will launch from New Mexico's Spaceport America in the fourth quarter of 2022. A single seat will cost $450,000, with an initial deposit of $150,000.