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 Launches Space Advisory Board Led by Chief Space Officer

George Whitesides

MOJAVE, Calif. (Virgin Galactic PR) — Virgin Galactic today announced the establishment of its Space Advisory Board.

The Virgin Galactic Space Advisory Board will provide advice to senior management as the company moves forward to open space for the benefit of all.  The Space Advisory Board, composed of leading experts from the aerospace sector, will be a resource as the company starts commercial spaceflight service and develops next generation vehicles. The Space Advisory Board will also serve as a forum to discuss technical and operational best practices, and provide awareness of opportunities in commercial, civil and government-related markets.

The Space Advisory Board members announced today are:

  • Chris Hadfield – Decorated astronaut, engineer, and test pilot who served as commander of the International Space Station. He has flown to space three times, to the International Space Station and the Russian Space Station Mir.  He has performed two spacewalks and flown over 100 types of aircraft.  He was NASA’s Chief CAPCOM, the voice of Mission Control to astronauts in orbit, for 25 Space Shuttle missions, and served as chief of International Space Station Operations at the NASA Johnson Space Center.
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AIAC Praises Space Advisory Board’s Recommendations on Canadian Space Program


August 18, 2017 (Ottawa, ON)
– Today the Hon. Navdeep Bains, Minister of Innovation, Science and Economic Development (ISED) released a report produced by the government’s Space Advisory Board (SAB) on Canada’s space sector. The report identifies six issues for the government to consider as it develops a new space strategy:

  • Designating the space sector as a national strategic asset essential to Canada’s sovereignty, security and economic growth;
  • Strengthening the capacity of Canada’s space sector to compete globally;
  • Adopting new policies and regulations to allow the space sector to capitalize on technology advances;
  • Maintaining balanced, sustainable programs and funding for space;
  • Enhancing public education and outreach programs to inspire and prepare young Canadians for future participation in the space sector; and
  • Revitalizing Canada’s space program to ensure it remains responsive and relevant to its international partners.

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Canadian Space Advisory Board Presents Findings


Space Advisory Board
August 2017

Executive summary

The Space Advisory Board was tasked by the Minister of Innovation, Science and Economic Development (ISED) to consult with stakeholders on a new space strategy and to report its findings. The Space Advisory Board held seven roundtable discussions across the country and two webinars focused on youth and the North, involving a broad cross-section of stakeholders in the Canadian Space Program. Members of the Board were impressed with the level of engagement and knowledge shown by all participants, especially their deep conviction in the value of space activities to Canada.

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AIAC Supports Renewal of Federal Space Advisory Board


OTTAWA, April 19, 2017 (AIAC PR)
– Yesterday evening the Hon. Navdeep Bains, Minister of Innovation, Science and Economic Development (ISED), announced the renewal of the federal Space Advisory Board, including the appointment of new members and a new mandate. The board has been tasked with consulting Canadians on a new vision for Canada’s space sector and providing advice to the government on key elements of a new Canadian space strategy that will be launched in the summer.

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Canada Space Advisory Board Members

Canada Space Advisory Board

Chair

Marie Lucy Stojak

Dr. Marie Lucy Stojak is the Director of the School on Management of Creativity and Innovation at HEC Montréal, Canada’s oldest business school. She is a space law expert and has over 25 years of international experience in the aerospace sector, including interests in space commercialization, space and security, and Earth observation data policy issues.
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Canada Renews Space Advisory Board

OTTAWA (Innovation, Science and Economic Development Canada PR) — Canada’s world-class space sector can shape our future as a nation of innovators, while also addressing some of our most pressing challenges.

To this end, the Government of Canada is renewing the Space Advisory Board with the appointment of new members and a new mandate. The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, today announced the new members of the board. These talented and diverse individuals from industry, the academic and research communities, and the not-for-profit sector have been appointed based on their significant knowledge of, and expertise in, the space sector.

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