Virgin Galactic Pivots High-speed Aircraft Program in a Crowded Field

Credit: Douglas Messier

Virgin Galactic’s record of delays and broken promises raises doubts about its ambitious supersonic aircraft project as company founder Richard Branson fights to save his struggling empire in the midst of a global pandemic.

Updated on 10/27/20 at 12:39 p.m. PDT to include spending comparison of Virgin Orbit to Rocket Lab.

by Douglas Messier
Managing Editor

Richard Branson’s dream of a suborbital Virgin Galactic vehicle zipping passengers between distant cities at hypersonic speeds above Mach 5 (6,174 km/h, 3,836 mph) is dead. At least for now.

In August, the space tourism company he founded pivoted to a slower supersonic Mach 3 (3,704 km/h, 2,302 mph) business jet. Virgin Galactic unveiled a mission concept for an aircraft that would carry 9-19 passengers at a cruising altitude of 60,000 ft (18,288 m).

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Branson Looks to Unprofitable Virgin Galactic to Help Save Reeling Empire

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)

by Douglas Messier
Managing Editor

For nearly 16 years, Richard Branson’s obsession with space travel has been massive money pit for the billionaire’s Virgin Group. Branson’s conglomerate has poured more than $1 billion into Virgin Galactic, Virgin Orbit and The Spaceship Company without launching a single tourist or satellite into space while generating minuscule revenues and not a single penny of profit.

And yet, by the strange workings of modern finances, this money losing effort will be helping to prop up the Virgin Group, which has been laid low financially by the global COVID-19 pandemic.

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Virgin Australia Offers Space Class for SpaceShipTwo Flight

virgin_australia_logoIn a world first for a frequent flyer program, Velocity is offering members the ultimate upgrade to ‘Space Class’. This is an exclusive seat on board SpaceShipTwo, the world’s first commercial spaceline with Virgin Galactic and certified astronaut status.

To be eligible*, simply register your Velocity membership number and tell us what you would do for an upgrade to Space Class between 14 April and 30 June 2014 (inclusive) and fly Virgin Australia between 1 May and 30 June (inclusive).

The eligible entrant with the most creative response to the question below will be awarded the Space Class Upgrade.