FAA Associate Administrator Wayne Monteith has issued an order laying out requirements for the awarding of Commercial Space Astronaut Wings for trips to space and honorary astronaut wings to those who have advanced the field.
WASHINGTON, D.C. (Earl Blumenauer PR) – As the space tourism race continues today, U.S. Rep Earl Blumenauer (D-OR), a senior member of the Ways and Means Committee, previewed a new space tax. The Securing Protections Against Carbon Emissions (SPACE) Tax Act would create new excise taxes on commercial space flights carrying human passengers for purposes other than scientific research.
WASHINGTON (FAA PR) – The U.S. Department of Transportation’s Federal Aviation Administration (FAA) opened a safety field office in Houston to increase its oversight of commercial space operations in Texas and New Mexico.
From this location, FAA inspectors will be able to more effectively and efficiently monitor the ongoing testing programs and commercial space tourism operations of SpaceX and Blue Origin in Texas and Virgin Galactic in New Mexico, along with others in the region.
On Tuesday morning, Jeff Bezos and his three companions — Mark Bezos, Wally Funk and Oliver Daemen — will be aboard the first crewed flight of Blue Origin’s New Shepard suborbital vehicle. The flight will include the youngest (Daemen), oldest (Funk) and richest (Jeff Bezos) people ever to fly to space.
Remember back in 2012 when Ashton Kutcher bought a ticket on Virgin Galactic’s SpaceShipTwo? And how Richard Branson’s company made a big deal of it being the 500th ticket? And how commercial flights were only 12-18 months away?
No? Well, don’t feel too bad. I forgot about it too, until this week.
“I was booked on a flight to go to space and, in fact, I’m quite rueful about the fact that I am not going to space,” Kutcher said, “My wife asked me to sell my ticket to space because she didn’t think that it was a smart family decision.”
His wife being actress Mila Kunis. Kutcher is not the only celebrity to bag out on Virgin. Princess Beatrice of the UK canceled after VSS Enterprise crashed on Oct. 31, 2014.
Back in 2010, Katy Perry bought a ticket for fiancé Russell Brand. A source told Parabolic Arc that she got a refund after the relationship broke up.
LOS ANGELES (Omaze PR) — Omaze, the charity fundraising platform that offers the chance to win once-in-a-lifetime experiences and prizes, and Sir Richard Branson, Virgin Galactic Founder, announced they will give away two seats on a Virgin Galactic commercial flight. The Omaze sweepstakes will support Space for Humanity, a nonprofit seeking to democratize space and send citizen astronauts of diverse racial, economic, and disciplinary backgrounds to space.
We have entered into a distribution agency agreement (the “Distribution Agency Agreement”) with Credit Suisse Securities (USA) LLC (“Credit Suisse”), Morgan Stanley & Co. LLC (“Morgan Stanley”) and Goldman Sachs & Co. LLC (collectively with Credit Suisse and Morgan Stanley, the “Agents”), dated July 12, 2021, relating to the sale of shares of our common stock offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the Distribution Agency Agreement, we may offer and sell shares of our common stock, $0.0001 par value per share, having an aggregate offering price of up to $500,000,000 from time to time through or to the Agents, acting as our agents or as principal.
Our common stock is listed on the New York Stock Exchange (the “NYSE”) under the symbol “SPCE”. On July 9, 2021, the last reported sale price of our common stock was $49.20 per share.
Sales of our common stock, if any, under this prospectus supplement and the accompanying prospectus will be made in sales deemed to be “at the market offerings” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended, or the Securities Act. No Agent is required to sell any specific amount of securities, but each will act as our sales agent using commercially reasonable efforts consistent with its normal trading and sales practices. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.
The Agents will be entitled to compensation at a commission rate of up to 2.0% of the gross sales price per share sold under the Distribution Agency Agreement. See “Plan of Distribution” beginning on page S-11 for additional information regarding the compensation to be paid to the Agents. In connection with the sale of shares of our common stock on our behalf, the Agents will be deemed to be “underwriters” within the meaning of the Securities Act and the compensation of the Agents will be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to the Agents with respect to certain liabilities, including liabilities under the Securities Act.
Investing in our common stock involves risks. You should read carefully and consider the risks referenced under “Risk Factors” beginning on page S-6 of this prospectus supplement, as well as the other information contained in or incorporated by reference in this prospectus supplement and the accompanying prospectus before making a decision to invest in our securities.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.
EDWARDS, Calif. (NASA PR) — On Sunday, July 11, Virgin Galactic conducted its first fully crewed spaceflight and the crew had NASA-supported technology with them.
Sirisha Bandla, vice president of government affairs and research operations at Virgin Galactic, operated the experiment on the “Unity 22” flight on behalf of co-investigators Dr. Robert Ferl and Dr. Anna-Lisa Paul from the University of Florida in Gainesville. Bandla activated three plant-filled tubes to release a preservative at critical data-collection stages during the flight: at 1 g before the rocket boost, just before entering microgravity, and after the conclusion of microgravity.
While the university researchers have flown similar experiments supported by NASA’s Flight Opportunities program on suborbital flights, data collected during the Unity 22 flight will provide a first look at human-tended payloads on SpaceShipTwo.
Fourth Spaceflight Tests Private Astronaut and Research Experience
First In-Flight Livestream Brings Spaceflight Experience to Audiences Around the World
LAS CRUCES, N.M. July 11, 2021 (Virgin Galactic PR) – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“the Company” or “Virgin Galactic”) today announced that VSS Unity successfully reached space, completing the Company’s fourth rocket-powered spaceflight.
Today’s flight was the 22nd test flight of VSS Unity and the first test flight with a full crew in the cabin, including the Company’s founder, Sir Richard Branson. The crew fulfilled a number of test objectives related to the cabin and customer experience, including evaluating the commercial customer cabin, the views of Earth from space, the conditions for conducting research and the effectiveness of the five-day pre-flight training program at Spaceport America.
Fewer than 25 suborbital spaceflights have ever been conducted
Most suborbital launches were conducted with vehicles retired decades ago
No suborbital flight has ever carried a paying passenger
There is no agreement on what even constitutes a suborbital spaceflight
by Douglas Messier Managing Editor
When Richard Branson and three Virgin Galactic employees strap into their seats aboard SpaceShipTwo VSS Unity on Sunday, they will briefly go where not very many have gone before: suborbital space.
Of the 374 attempts to launch astronauts to space since Yuri Gagarin flew into Earth orbit 60 years ago, only 23 were suborbital flights. The majority of those launches were conducted during the 1960’s using vehicles that long ago became museum pieces. One ended with the loss of the spacecraft and its pilot. And two flights were unintentional ones involving vehicles being launched into Earth orbit.
Video Caption: At his SpacePort in New Mexico, where he is preparing to ride to the edge of space, this weekend, beating another billionaire, Jeff Bezos, by just over a week, Sir Richard Branson shared an exclusive look behind the scenes, including the spaceship he and five others will be flying in. NBC’s Tom Costello reports for TODAY from Truth or Consequences, New Mexico.
Editor’s Note: Everyone who sees SpaceShipTwo and goes crazy over it like Tom Costello does in this report. The vehicle is, as Branson says in the video, what you imagine a spaceship should look like. He has on multiple occasions accurately referred to it as “sexy”. Personally, it was one of the few things in Mojave that reminded me I am living in the 21st century.
But, looks can be deceiving. It’s a complex vehicle that requires two pilots to fly. The nitrous oxide SpaceShipTwo uses is a monopropellant, meaning it can explode on its own. It did once, claiming three the lives of three engineers working on the engine in an accident that NBC seems to have forgotten about. And the ship needs to be reconfigured for reentry using twin tail booms known as the feather. Premature unlocking of the system caused a fourth fatality and destroyed the first SpaceShipTwo.
Those specific issues have been addressed. But, the ship is still risky to fly on; it is rocket science. And there are no mandatory safety regulations to protect anyone on board. The technology is very much on the edge.
It’s kind of disturbing to see a reporter getting all excited and asking Branson when he can fly on it. He got seduced by the look of the vehicle and the excitement of the flight without fully understanding the risks or conveying them to viewers.
Costello was also talking to a guy who is a major risk taker. Branson included an appendix in his latest autobiography that chronicles 75 near-death experiences he has had in his life. The man thrives on facing danger and the enormous public attention his actions generate.
I don’t know if SpaceShipTwo flight is the riskiest thing he has ever done, but it’s pretty high up on the list. And this upcoming flight on Sunday is a test. SpaceShipTwo is still in a test flight program that has lasted 11 years.
The flight on Sunday will in all likelihood go just fine. But, space travel remains risky. It’s not simply a souped-up rollercoaster ride.
Video Caption: Sir Richard Branson joins Weekend Sunrise for an exclusive LIVE interview, just days before he’s due to depart for SPACE with Virgin Galactic. The billionaire looks set to win the commercial space when he blasts off in just over a week.