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Virgin Galactic has announced plans to raise an additional $300 million to fast-track the production of its suborbital spaceplanes and a new mothership.
Virgin Galactic's VSS Unity spaceplane has successfully completed its final commercial mission, marking the end of an era and the beginning of a new chapter for the company.
Virgin Galactic to intensify the use of its current "mothership" aircraft, VMS Eve, in tandem with its upcoming Delta-class suborbital spaceplanes, as delay building of new "mothership" plane.
Virgin Galactic is set to propose a reverse stock split to its shareholders in an effort to elevate its dwindling share price. The move comes amidst a backdrop of tumbling stock values and strategic shifts within the company.
Virgin Galactic has revealed in its latest earning call its decision to decrease the frequency of flights for its current suborbital vehicle, VSS Unity, with plans to cease operations entirely by mid-2024.
Virgin Galactic has completed its fourth commercial mission, continuing its monthly commercial suborbital spaceflights mission.
Virgin Galactic conducted a successful glide test of their VSS Unity spacecraft in New Mexico, marking the final step before the company can resume powered flight and begin commercial operations.
Virgin Galactic has begun final preparations to resume its commercial suborbital missions from Spaceport America!
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