LAS CRUCES, N.M. (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, today announced that SpaceShipTwo’s cabin interior design reveal will take place on July 28, 2020. The virtual event will be streamed live on YouTube. In celebration of this milestone, the Company will also be announcing plans to bring immersive versions of Virgin Galactic’s spaceflight and cabin interior experience, to aspiring astronauts around the world.
VIENNA, Va., June 25, 2020 (Space Adventures PR) – S.P. Korolev Rocket and Space Corporation “Energia” and Space Adventures, Inc. signed a contract for a short duration spaceflight of two spaceflight participants on board the same “Soyuz” spacecraft to the Russian segment of the International Space Station (ISS).
One of the mission participants will have an opportunity to conduct a spacewalk outside the space station, becoming the first private citizen in history to experience open space. Accepted and secured candidates will be required to complete specialized training and additional simulations in preparation for the spacewalk attempt.
“A private citizen completing a spacewalk would be another huge step forward in private spaceflight. We appreciate the chance to celebrate two decades of orbital space tourism with our Russian partners by opening up another first-ever experience. We applaud our colleagues at Energia for working with us to create amazing new adventures in space,” said Eric Anderson, Chairman and CEO of Space Adventures, Inc.
About Space Adventures
Space Adventures, the company that organized the flights for the world’s first private space explorers, is headquartered in the Washington, D.C. metro area. It offers a variety of programs available today, including spaceflight missions to the International Space Station, around the Moon, record-breaking orbital missions, and various training and spaceflight qualification programs. The company’s orbital spaceflight clients include Dennis Tito, Mark Shuttleworth, Greg Olsen, Anousheh Ansari, Charles Simonyi, Richard Garriott, and Guy Laliberté.
Video Caption: Not investment advice, just my humble opinion. This is the most innovative company out there today as they are doing something no other business is even attempting. They have the best people in the aerospace industry working on this ground-breaking service.
Video Caption: Learn what it’s like to travel to space from Beth Moses, Virgin Galactic’s Chief Astronaut Trainer, in this special Spacechat for all young people currently studying at home! Beth was the world’s 571st human to look down at Earth from the black sky of space as she became Commercial Astronaut 007.
Hear Beth talk about her spaceflight, including highlights such as the rocket ride and floating in zero G! Beth invites you to join her and talk traveling through space in the first part of this series – Spacechat #WithMe!
Virgin Galactic’s wild roller coaster ride on Wall Street continued over the past week as Richard Branson’s spaceline marked five months as a publicly traded company and 13 months since the last launch of its SpaceShipTwo suborbital tourism vehicle.
Since debuting on the New York Stock Exchange at $12 last Oct. 28, the stock soared to a high of $42.49 on Feb. 20 before sinking to $10.49 on March 19. Over the past week, the stock has risen again; it reached $14.68 in after-hours trading on Monday.
Peter Diamandis talks about how he will become a trillionaire by mining asteroids, predicts commercial suborbital space flights will begin by 2008, and says the discovery of ubiquitous life on Mars within a decade.
Virgin Galactic Founder predicts SpaceShipTwo would be ready to fly in 12 months. A year after that — March 2009 — the vehicle would begin commercial suborbital space flights.
The reality is that in 2007 they didn’t have an engine capable of firing for the one minute needed to send SpaceShipTwo above 50 miles. They weren’t even close to having one. It would take another 7.5 years to develop one they would even risk firing for more than 20 seconds in flight.
SpaceShipTwo VSS Enterprise was destroyed on Oct. 31, 2014 during the flight during which they were supposed to test that engine. That accident set the program back by another five years.
Virgin Galactic Chairman Chamath Palihapitiya was on a financial news network yesterday denying the stock was a bubble, a claim that hasn’t aged well in the short term.
With shares soaring to a high of $41.55 only a week ago, they are hovering at around $23 as I writing this story. The shares were offered at $12 when Virgin Galactic went public last Oct. 28 and rose sharply in recent weeks.
The shares slid after Virgin Galactic reported a larger than expected loss for the fourth quarter 2019 and hinted at delays in the start of commercial suborbital flights, which were to have started in June. Analysts have downgraded the stock based on the earnings report.
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.