Increases Commercial Participation in Human Spaceflight to ISS to Advance LEO Economy
(MOJAVE, California) – June 22, 2020 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, announced today the signing of a Space Act Agreement with NASA’s Johnson Space Center to encourage commercial participation in orbital human spaceflight to the International Space Station (“ISS”) while enabling the development of a robust economy in Low Earth Orbit.
During the current global crisis, we believe that the space industry has a responsibility to share expertise, knowledge, resources, and ingenuity to aid in the fight against COVID-19. That’s why, today, we are proud to share that Virgin Galactic is meeting this responsibility head-on through a Space Act Agreement with NASA.
Supporting our Communities: Our work with the Antelope Valley COVID-19 Task Force
George Whitesides CEO Virgin Galactic and The Spaceship Company
As we all continue to feel the direct impact of COVID-19 in our day-to-day lives, I’ve been inspired by the teamwork shown in the Antelope Valley (AV) of California to respond to the challenge of COVID-19. Now more than ever, it is crucial that we share knowledge, skills and collaborate.
Message from George Whitesides Virgin Galactic CEO
All over the globe, we are seeing and feeling the impact of the COVID-19 pandemic. This is one of the most significant crises we have seen in our lifetimes. Whether it is the brave doctors and nurses working around the clock to help patients, children helping their elderly parents stay safe and fed, or parents and teachers keeping their kids educated while schools are physically closed – we are all in this together and we have a responsibility to help care for one another.
With the impact of COVID-19 mounting every day, our team has worked hard to help tackle this crisis, with an initial focus on the communities we work in. I am proud of the commitment and initiative of our people at Virgin Galactic, The Spaceship Company, and Virgin Group in helping to support relief efforts. Led by our in-house flight doctors, our COVID-19 team has been working closely with local hospitals, commercial suppliers, and government authorities to provide help where it is needed most.
Richard Branson’s now publicly traded Virgin Galactic space tourism company had its first quarterly and full year earnings call on Tuesday. You can read the press releasehere. Below are the key takeaways.
Burning cash: Net losses were nearly $72.8 million for the fourth quarter and $210.9 million for 2019. Net losses for 2018 and 2019 totaled $349.1 million. Total expenditures since 2004 have exceeded $1 billion.
New York, USA, October 10, 2019 (Virgin Galactic PR) — Social Capital Hedosophia Holdings Corp. (“SCH”) and Virgin Galactic today announced that Wanda Austin, Craig Kreeger and George Mattson have agreed to join the board of directors of Virgin Galactic Holdings, Inc. (“VGH”), the company resulting from the pending business combination transaction involving SCH and Virgin Galactic. The board appointments are contingent on approval by SCH’s shareholders and the completion of the business combination between SCH and Virgin Galactic.
Today, Sept. 27, marks the 15th anniversary of Richard Branson announcing the launch of Virgin Galactic Airways. It’s been a long, winding road between that day and today, filled with many broken promises, missed deadlines, fatal accidents and a pair of spaceflights.
This year actually marks a double anniversary: it’s been 20 years since Branson registered the company and began searching for a vehicle the company could use to fly tourists into suborbital space.
Below is a timeline of the important events over that period.
The BBC visits Spaceport America. Safety claim begins at 6:46. Mackay also makes interesting claim about 15 years of development time.
Hey, BBC. If you’re going to visit New Mexico, for the sake of perspective, maybe talk to some of the folks who paid for the spaceport about all the benefits they were promised when they agreed to fund it.
WASHINGTON, 7 Feb 2019 (Virgin Galactic PR) — Richard Branson joined Virgin Galactic and The Spaceship Company (TSC) staff and guests today at the Smithsonian’s National Air and Space Museum in Washington DC, to announce that the hybrid rocket motor which powered SpaceShipTwo, VSS Unity, to space for the first time on December 13th last year, has been donated to the museum. The rocket motor was unveiled during the ceremony and will be exhibited in the museum’s planned, new commercial space flight gallery to be called ‘Future of Spaceflight.’
Video Caption: Virgin Group founder, entrepreneur, and philanthropist Sir Richard Branson and Virgin Galactic CEO George Whitesides talk with CNBC’s “Power Lunch” team about the latest space mission on the forefront of galactic tourism.
Some day, Richard Branson might fly to space, gaze out the window, and see stars with his naked eyes, unencumbered by the Earth’s atmosphere or the optics of a telescope.
For the moment, he has to settle for his own fame and a star encased in concrete along the Hollywood Walk of Fame.
The British billionaire was in Los Angeles last month for the unveiling of his star on that famous boulevard. While he was in the neighborhood, he popped up to the Mojave Air and Space Port, where Virgin Galactic and The Spaceship Company are working to make his dream of spaceflight a reality.
Given his early October prediction that Virgin Galactic’s SpaceShipTwo Unity would fly to space in “weeks, not months,” one might have expected him to be here to view a spaceflight he has been promising for the past 14 years.
Psychologists have identified five stages of grief: denial, anger, bargaining, depression and acceptance. These stages are clearly on display in Virgin Galactic’s Rocket Man, Nicholas Schmidle’s profile of Mark Stucky in The New Yorker. A substantial part of the story chronicles how the test pilot dealt with the death of his close friend, Mike Alsbury, in the breakup of SpaceShipTwo Enterprise during the vehicle’s fourth powered flight four years ago.
It’s a touching portrait of Stucky’s grief for his fellow Scaled Composites pilot, with whom he had flown while testing the suborbital spacecraft being developed for Richard Branson’s Virgin Galactic. (Stucky later moved over to Virgin, which took over the SpaceShipTwo program after the accident, to test the second SpaceShipTwo, Unity.)
However, Schmidle tells only half the story in his otherwise insightful profile. He places nearly all the blame on Alsbury, while ignoring the findings of a nine-month federal investigation that identified systemic flaws in the development program and the government’s oversight that contributed to the accident.
It’s similar to the flawed, self-serving narrative that Branson used in his latest autobiography, “Finding My Virginity,” complete with a not-entirely-fair jab at the press coverage of the crash. The billionaire uses pilot error to obscure a decade of fatal mistakes and miscalculations. (more…)
SpaceNews has an update on Virgin Galactic’s progress in testing SpaceShipTwo Unity.
Speaking at the International Symposium for Personal and Commercial Spaceflight here Oct. 10, George Whitesides, chief executive of Virgin Galactic, said he expected at least one more powered flight test of the vehicle before the end of this year.
“We’re entering into the next phase of our test flight program,” he said. “The next phase of flight will entail longer burns and higher duration, and that’s exciting for the team.”
Not all of those flights, though, will involve flights that go higher and faster. “We’ll do a variety of different things as we expand the envelope and try to understand abort scenarios and other things,” he said. “We have a lot of work still to go, but we’re making good progress.”
You might recall that the previous test flight in July the suborbital vehicle fired its engine for 42 seconds and reached an altitude of 170,800 ft, which are both records for the program.
Nicholas Schmidle has an interesting profile of Virgin Galactic test pilot Mark Stucky in the New Yorker that sheds some light on what’s been going on at Richard Branson’s space company. I’ve excerpted some interesting passages below.
If you’ve been watching the videos of SpaceShipTwo VSS Unity‘s first three powered flights and thinking to yourself, Gee, it looks like that thing really wants to roll…well, you’d be right. Here’s an account of the first flight on April 5. (more…)