Spaceport America CEO Placed on Administrative Leave

Daniel Hicks

The Las Cruces Sun News reports that Spaceport America CEO Dan Hicks, who has led the organization since 2016, has been placed on administrative leave.

New Mexico Economic Development Secretary Alicia Keyes, who chairs the New Mexico Spaceport Authority’s board of directors, confirmed Thursday that Hicks was on leave pending an investigation, but did not provide further details. 

Hicks did not immediately respond to a query from the Sun-News.

He succeeded Christine Anderson, who served as the spaceport’s CEO from 2011 until her retirement.

Previously, Hicks served for 34 years at White Sands Missile Range, ultimately assisting WSMR’s commanding general and its executive director. The Las Cruces native graduated from Las Cruces High School, earned his bachelor’s degree in mechanical engineering from New Mexico State University and received an honorary selection to NMSU’s Mechanical and Aerospace Engineering Academy.

Virgin Galactic’s SpaceShipTwo VSS Unity Completes Glide Flight

SpaceShipTwo Unity on its second glide flight over Spaceport America. (Credit: Virgin Galactic)

LAS CRUCES, N.M. June 25, 2020 (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”) today announced the successful completion of the second SpaceShipTwo test flight from Spaceport America.

This flight follows the completion of the first test flight from the Company’s commercial headquarters in New Mexico on May 1, 2020, and marks another important milestone as the team progresses toward the launch of Virgin Galactic’s commercial service.

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The Year of the Four Spaceships: A Progress Report

The Expedition 63 crew welcomes Bob Behnken and Doug Hurley to the International Space Station. (Credits: NASA / Bill Stafford)

by Douglas Messier
Managing Editor

Back in February, I went out on a limb and predicted that 2020 could be the Year of the Four Spaceships, with SpaceX, Boeing, Blue Origin, and Virgin Galactic and reaching major milestones in human spaceflight. (See 2020: Four Spaceships & the End of America’s Cosmic Groundhog Day)

With nearly half the year over, I thought it would be a good time to review the companies’ progress toward those milestones.

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Global Telecom Company Signs Lease at Spaceport America

LAS CRUCES, NM (New Mexico Spaceport Authority PR) — HAPSMobile Inc., a subsidiary of Japan’s telecommunications operator SoftBank Corp. (TOKYO: 9434) has chosen New Mexico’s Spaceport America for test operations and development of a specialized communications platform designed to provide internet connectivity to hard-to-reach places around the globe, Economic Development Cabinet Secretary Alicia J. Keyes announced today.

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Governor Appoints 3 New Members to New Mexico Spaceport Authority

Sunset at the “Virgin Galactic Gateway to Space” terminal hangar facility at Spaceport America. (Credit: Bill Gutman/Spaceport America)

SANTA FE, N.M. (NM Economic Development Department PR) – Gov. Michelle Lujan Grisham has appointed three new members to the New Mexico Spaceport Authority and re-appointed four other members, Cabinet Secretary Alicia J. Keyes announced today.

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Video of SpaceShipTwo Glide Flight in NM

Video Caption: This glide flight marks the inaugural solo flight of VSS Unity in New Mexico and as such is an important flight test milestone in preparation for commercial service.

SpaceShipTwo Makes First Flight in 14 Months

SpaceShipTwo VSS Unity makes first glide flight at Spaceport America in New Mexico. (Credit: Virgin Galactic)

Summary

  • Glide flight test is first test of suborbital spacecraft since powered flight in February 2019
  • First flight test at Spaceport America in New Mexico after initial testing in Mojave, Calif.
  • Virgin Galactic hopes for first commercial suborbital flights later this year

LAS CRUCES, NM (Virgin Galactic PR)– Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”) and The Spaceship Company (“TSC”) today announced the successful completion of its first SpaceShipTwo test flight from Spaceport America.

This glide flight marks the inaugural solo flight of VSS Unity in New Mexico and as such is an important flight test milestone in preparation for commercial service.

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Virgin Galactic Stock Goes Up Again (After Going Way Down)

Sir Richard Branson and New Mexico Gov. Bill Richardson in front of WhiteKnightTwo and SpaceShipTwo during the Spaceport America runway dedication ceremony in October 2010. The spaceport still awaits its first suborbital flight. (Credit: Douglas Messier)

by Douglas Messier
Managing Editor

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.

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Virgin Galactic Chairman Declares We’re Not a Bubble Stock as Shares Slide

Chamath Palihapitiya (Credit: SCH)

by Douglas Messier
Managing Editor

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.

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Virgin Galactic: High Losses, Minimal Revenues & A lot of “Registrations of Interest”

A view from inside the cockpit. (Credit: Virgin Galactic)

by Douglas Messier
Managing Editor

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 release here. 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.

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Virgin Galactic Stock Soars

Virgin Galactic’s stock hit an all-time high on Friday at $29.29 in after hours trading. The stock soared by $5.63 the day the company flew SpaceShipTwo VSS Unity from its test site in Mojave, Calif. to its operating base at Spaceport America in New Mexico.

Not bad for a stock that was offered at $12 when it opened on the New York Stock Exchange last Oct. 28.

Stock prices are often based on future expectations. That’s certainly true of Virgin Galactic. The company has spent more than $1 billion over the past 15.5 years developing a suborbital space tourism vehicle that has never carried a single paying passenger. Virgin Galactic has never had an annual profit.

VSS Unity has flown two suborbital flights above 50 miles (80.4 km) since it was rolled out four years ago. The last flight was nearly one year ago. So, there hasn’t been any actual action in the sky — except for a ferry flight to New Mexico on Friday — to drive up the stock price.

Months of additional flight testing is set to take place before SpaceShipTwo VSS Unity conducts its first commercial flight with passengers. Virgin Chairman Richard Branson will be aboard that flight, which could take place before or on his 70th birthday on July 18.

Virgin says it’s got 603 passengers signed up for flights. It plans to begin selling tickets once commercial service begins at a cost higher than the current $250,000 price. The company says thousands of people have expressed interest in signing up.

Spaceport America Welcomes SpaceShipTwo Unity to New Mexico

TRUTH OR CONSEQUENCES, NM (NMSA PR) — Virgin Galactic Holdings, Inc., a vertically integrated aerospace company, has successfully completed another vital step on its path to commercial service, relocating SpaceShipTwo, VSS Unity, to its commercial headquarters at Spaceport America’s Gateway to Space building.

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SpaceShipTwo Unity Moved to New Mexico

SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

TRUTH OR CONSEQUENCES, NM, February 13, 2020 (Virgin Galactic PR) – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, has successfully completed another vital step on its path to commercial service, relocating SpaceShipTwo, VSS Unity, to its commercial headquarters at Spaceport America’s Gateway to Space building.

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Virgin Galactic Begins End Game as SpaceShipTwo Unity Relocated to New Mexico

SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

by Douglas Messier
Managing Editor

Four years after it was first rolled out, Virgin Galactic’s VSS Unity left the Mojave Air and Space Port in California on Thursday for its new home at in New Mexico, where it will undergo final flight testing and preparation for commercial suborbital space flights.

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