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.
LAS CRUCES, N.M. March 30, 2021 (Virgin Galactic PR) – Virgin Galactic today unveiled the Company’s first SpaceShip III in its growing fleet, VSS Imagine. The spaceship showcases Virgin Galactic’s innovation in design and astronaut experience. Imagine also demonstrates progress toward efficient design and production, as Virgin Galactic works to scale the business for the long-term. VSS Imagine will commence ground testing, with glide flights planned for this summer from Spaceport America in New Mexico.
Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?
by Douglas Messier Managing Editor
Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.
A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.
Move follows Palihapitiya’s sale of shares worth nearly $98 million in December
Virgin Galactic shares continued weeks-long decline after news broke
Palihapitiya indirectly owns a large stake through Social Capital Hedosophia
by Douglas Messier Managing Editor
Virgin Galactic Chairman Chamath Palihapitiya has sold 6.2 million personal shares in the suborbital space tourism company worth about $213 million. The sale zeros out his personal stake in Virgin Galactic.
The move follows Palihapitiya’s sale of 3.8 million shares worth $97.8 million in December. The nearly $311 million gain is more than triple the $100 million he personally invested in Virgin Galactic when it went public 16 months ago.
Rollout of Second Spaceship Scheduled to Take Place on March 30
Announced Expected Timing of Revenue-Generating Flight with the Italian Air Force
Next Rocket-Powered Spaceflight Targeted to Occur in May
LAS CRUCES, N.M. (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 fourth quarter and full year ended December 31, 2020.
Shares of Virgin Galactic plunged sharply on Thursday as the company announced that it was postponing the start of commercial suborbital space tourism flights until 2022 due to additional delays in completing SpaceShipTwo VSS Unity‘s test program.
Shares plunged in after hours trading to $36.69 after opening the day at $45.04. Most of the decline occurred in after hours trading following the release of Virgin Galactic quarterly and full year 2020 earning report.
Virgin Galactic had planned to fly from Spaceport America in New Mexico as early as Saturday. The company has said there are open dates for the rest of February.
The suborbital flight will include two pilots and a load of microgravity experiments in the passenger cabin. It will be a repeat of a flight that was aborted in December after VSS Unity‘s computer lost contact with the ship’s hybrid engine.
The upcoming flight will be the first of three final suborbital tests of the rocket plane before Virgin Galactic begins flying paying passengers. The company said it might add more flight tests if necessary.
Suborbital launch used to be a sleepy field that rarely attracted much public attention. Let’s face it, atmospheric research and student experiments are not front-page news. Sounding rockets don’t have the majesty and power of a Falcon 9 or Atlas V.
In recent years, exciting new entrants in the field and widespread streaming of launches have made suborbital flights exciting. Last year saw important suborbital flight tests by SpaceX, Blue Origin, Virgin Galactic and Skyrora that garnered worldwide interest.
After an aborted suborbital flight in December and one two years ago that nearly destroyed the ship and killed the three-member crew,* Virgin Galactic will try to put its four-passenger rocket plane into space for a third time later this month from Spaceport America in New Mexico.
The flight window will open on February 13 with additional day for the rest of the month. It will carry two pilots and a load of microgravity experiments. The flight will be a repeat of one that aborted in December when SpaceShipTwo’s computer shut down the ship’s engine prematurely.
The flight will test modifications designed to prevent another abort. It will also test improvements to flight controls and horizontal stabilizers. A failure involving the latter nearly destroyed the ship on its second suborbital flight on Feb. 22, 2019.
There have been two fatal accidents during SpaceShipTwo’s development and testing that have killed four people. The accidents included a test stand explosion that killed three engineers and the in-flight breakup of the first SpaceShipTwo that killed the co-pilot.
For more information about the Feb. 22, 2019 flight, see below.
Flight date depends upon completion of review and the issuing of a launch license by Federal Aviation Administration.
Wednesday, February 3
Launch Vehicle: Falcon 9 Payloads: 60 Starlink broadband satellites Launch Time: 5:57 a.m. EST (1057 UTC) Launch Site: Kennedy Space Center, Florida
Thursday, February 4
Launch Vehicle:Falcon 9 Payloads: 60 Starlink broadband satellites Launch Time: 1:19 a.m. EST (0619 UTC) Launch Site: Cape Canaveral Space Force Station, Florida
NET Saturday, February 13
Launch Vehicle: VSS Unity/VMS Eve Payload: Two pilots, microgravity experiments Launch Time: TBD Launch Site: Spaceport America, New Mexico
Repeat of a flight test aborted on Dec. 12 due the computer losing contact with the engine. Launch opportunities extend through February. First of three additional tests intended to complete SpaceShipTwo’s initial flight test program.
Virgin Orbit has rescheduled the second flight of LauncherOne booster for Wednesday, Jan. 13. The flight was originally scheduled for Sunday, Jan. 10. The operation is set to take place from 7-10 a.m. PST (1500-1800 UTC). As always, your local time may vary. Please adjust accordingly.
The modified Boeing 747-400 Cosmic Girl will take off from the Mojave Air and Space Port in California. It will fly out over the Pacific Ocean and release LauncherOne to the west of San Nicolas Island. The booster, carrying 10 CubeSats for NASA, will ignite its first stage and head to space.
Virgin Orbit’s first attempt to fly LauncherOne ended in failure on May 25, 2020. The rocket’s first stage cut off about four seconds after ignition after a fuel line broke. The booster was carrying a mass simulator.
Meanwhile, sister company Virgin Galactic says it has found the cause of the failure that resulted in an in-flight abort of its SpaceShipTwo VSS Unity in December. The suborbital space plane’s engine shut off after the vehicle’s computer lost contact with it.
The two pilots aboard safely glided the ship back to a landing at Spaceport America in New Mexico. VSS Unity was carrying a load of microgravity experiments for NASA.
Virgin Galactic did not say exactly what exactly caused the computer to lose contact with the engine. Nor did the company set a date for a repeat flight test.
Virgin Galactic has said it plans three additional flight tests of VSS Unity before beginning commercial suborbital tourism flights sometime later this year.
The Federal Aviation Administration (FAA) has rejected a recommendation from a government watchdog that it conduct detailed analysis of a broad range of financing tools for funding infrastructure projects at the nation’s spaceports.
In a report to Congressional committees, the Government Accountability Office (GAO) said it recommended to the FAA that it analyze the trade-offs of using direct loans, loan guarantees, tax incentives and other tools to increase investment in spaceport infrastructure.
With the disruption and deaths caused by the COVID-19 pandemic, it wasn’t the easiest year to get things done. Keeping that in mind, let’s see how the companies did in 2020. (Spoiler Alert: they came up a little short.)