Virgin Galactic Reports $130 Million Q1 Net Loss, Delays Next Flight Test

Flight test, delayed from February, postponed again due to problem discovered on WhiteKnightTwo carrier aircraft. Company will update schedule next week.

LAS CRUCES, N.M., May 10, 2021 (Virgin Galactic PR) – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”), a vertically integrated aerospace and space travel company, today announced its financial results for the first quarter ended March 31, 2021.

“We continue to make strides towards our strategic objectives and have solid momentum as we focus on completing our flight test program,” said Michael Colglazier, Chief Executive Officer of Virgin Galactic. “We are committed to delivering one of the world’s most unique and transformational customer experiences, with safety at the core of everything we do. Our greatest asset is our incredibly talented group of employees, and the strength of the leadership team we have assembled for the next phase of our journey.”

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Virgin Galactic Extends Partnership with Land Rover Another 3 Years

A Land Rover pulls SpaceShipTwo VSS Imagine. (Credit: Virgin Galactic)
  • Land Rover extends global partnership with Virgin Galactic to 2024
  • Latest spaceship roll-out supported by Range Rover Astronaut Edition
  • Extension will result in a ten-year partnership between two world leaders in adventure, innovation and exploration
  • Land Rover will continue to support Virgin Galactic’s day-to-day operations

LAS CRUCES, NM (Virgin Galactic PR) — Land Rover has announced a three-year extension to its global partnership with Virgin Galactic, the world’s first commercial ‘spaceline’.

Virgin Galactic’s latest spaceship was unveiled today, supported by a Range Rover Astronaut Edition. Land Rover will remain an integrated part of Virgin Galactic’s day-to-day operations as the company completes test flights with ‘SpaceShipTwo’ and begins a regular commercial service.

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Land Rover – Virgin Galactic Promotional Video

Video Caption: Photographer and adventurer Jimmy Chin joined Land Rover in the Mojave Desert to witness the reveal of our global partner Virgin Galactic’s new VSS Unity. After capturing the moment, Jimmy embarked on the off-road adventure of a lifetime in a Range Rover Autobiography. In this video, he reflects on what it takes to explore unchartered territory, to venture into the unknown and to truly go Above and Beyond.

Find out more about our proud partnership with Virgin Galactic: http://www.landrover.com/experiences/…

 











Year in Review: A Look at Virgin Galactic Developments in 2014

WhiteKnightTwo visited Spaceport America for the first time in three years on Wednesday. Below, you can see a full-scale model of SpaceShipTwo on the ramp. (Credit: Virgin Galactic)
WhiteKnightTwo visited Spaceport America for the first time in three years on Wednesday. Below, you can see a full-scale model of SpaceShipTwo on the ramp. (Credit: Virgin Galactic)

Continuing our look back at 2014, we review progress at Virgin Galactic. While the loss of SpaceShipTwo on Oct. 31 understandably dominated the headlines, there were a number of other newsworthy developments at the company last year.

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Land Rover to Offer Alternative Prizes in Galactic Discovery Competition

First Discovery Sport rolls off the assembly line. (Cedit: Land Rover)
First Discovery Sport rolls off the assembly line. (Credit: Land Rover)

Land Rover will offer alternative prizes to the winners of the Galactic Discovery competition following the loss of Virgin Galactic’s SpaceShipTwo last month. The global winner would have earned a flight into space aboard SpaceShipTwo for himself and three friends.

Land Rover has published the following statement on its website (emphasis added):

Following the tragic accident involving Virgin Galactic’s test flight we have taken the decision to close the Galactic Discovery competition to new entries. The thoughts of everyone at Land Rover are with our friends at Virgin Galactic and test flight partner Scaled Composites.

All entries received up to and including October 31st, 2014 will go through the judging process as planned, and one winner will be selected from each participating market (the National Prize winners), followed by an overall global winner (the Bonus Prize winner).

In these exceptional circumstances, and in line with the competition terms and conditions, we will be offering an alternative prize to the global winner and, in some cases, to the national winners. You have our commitment that all prize winners will receive an amazing and memorable Land Rover experience, the details of which will be confirmed before December 2nd.

Thank you for your understanding,
The Land Rover team

Meanwhile, Virgin Galactic and Land Rover logos have been removed from the doors of six Land Rovers that Virgin Galactic has been using at its headquarters in Mojave, Calif.

Land Rover is still listed as an official Virgin Galactic brand partner on the spaceline’s website.











Virgin Galactic Now Has More Land Rovers Than Spaceships

First Discovery Sport rolls off the assembly line. (Cedit: Land Rover)
First Discovery Sport rolls off the assembly line. (Cedit: Land Rover)

Virgin Galactic has received the first production vehicle of Land Rover’s Discovery Sport vehicle after it rolled off the assembly line in Halewood, England last week. The vehicle was sent to Virgin Galactic headquarters in London, Land Rover announced.

This brings to at least six the number of Land Rover vehicles Virgin Galactic has received under a partnership and promotional deal between the two companies that was announced earlier this year. Five Land Rovers have been seen at Virgin Galactic’s production and test center in Mojave, Calif.

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Promotional Video for Land Rover’s Win a Trip to Space Contest

Video Caption: This is your chance to go on the ultimate adventure. You and your friends could win a trip to space on a Virgin Galactic commercial flight, courtesy of Land Rover.

Editor’s Note: It’s interesting the competition has one winner and three friends. This is what sources tell me that capacity has been reduced to in the passenger cabin due to changes to SpaceShipTwo. Nobody has acknowledged this officially, but this is a clue that the reports are true.

On a related note, it’s good to see Spaceport America finally being used for something other than the occasional sounding rocket launch. The place has a definite future for cool commercials.











Win a Trip to Space With Land Rover

SpaceShipTwo on final approach during a glide flight on Jan. 17, 2014. (Credit: Douglas Messier)
SpaceShipTwo on final approach during a glide flight on Jan. 17, 2014. (Credit: Douglas Messier)

Land Rover Press Release

Today Land Rover unveiled the 2015 Discovery Sport, the brand’s new premium compact SUV and first of the new Discovery family of vehicles, in a video hosted on LandRoverUSA.com. The new Discovery Sport debut video, shot at Spaceport America, New Mexico, was released in conjunction with the announcement of the Land Rover “Galactic Discovery” competition, offering groups of aspiring astronauts a chance to win a once-in-a-lifetime trip to space with three friends for the ultimate adventure.
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Land Rover SpaceShipTwo Promotional Video

Although Virgin Galactic has yet to fly anywhere close to space, it has managed to inspire any number of promotional videos about just how awesome the space tourism trips will be someday. Here’s the latest one from Land Rover, which was announced as a global sponsor earlier this week.











Virgin Galactic Forms Partnership With Land Rover

Credit: Land Rover
Credit: Land Rover

NEW YORK (Land Rover PR) — Land Rover, the British brand synonymous with adventure, has revealed a long-term global partnership with Richard Branson’s pioneering commercial spaceline, Virgin Galactic.

Demonstrating their shared vision of pioneering spirit, technological innovation and sense of adventure, the ground breaking partnership was announced against the backdrop of SpaceShipTwo, the world’s first commercial passenger carrying spacecraft, together with Land Rover’s new Discovery Vision Concept vehicle.  The announcement illustrates the commitment that both brands share to iconic design and engineering excellence and a desire to push the boundaries of travel for the next generation.

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