VMS Eve

Virgin Galactic Reports Flight Issue to FAA

Retrieved on: 
Monday, February 5, 2024

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”) today announced that during routine post-flight reviews following its most recent spaceflight, ‘Galactic 06,’ the Company became aware that an alignment pin detached from the launch pylon of our mothership, VMS Eve, during flight.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”) today announced that during routine post-flight reviews following its most recent spaceflight, ‘Galactic 06,’ the Company became aware that an alignment pin detached from the launch pylon of our mothership, VMS Eve, during flight.
  • The Company notified the Federal Aviation Administration (FAA) on January 31 in accordance with regulations and is conducting a review in conjunction with the FAA.
  • ‘Galactic 06’ was a safe and successful flight that was conducted in accordance with Virgin Galactic’s rigorous flight procedures and protocols.
  • Virgin Galactic will provide a further update at the completion of the review and will confirm the flight window for the ‘Galactic 07’ mission, which is planned for the second quarter of 2024.

Virgin Galactic Completes 11th Successful Spaceflight

Retrieved on: 
Friday, January 26, 2024

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its first spaceflight of 2024 and 11th mission to date.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its first spaceflight of 2024 and 11th mission to date.
  • Today’s ‘Galactic 06’ flight marked the first time all four seats aboard VSS Unity were occupied by private astronauts.
  • Michael Colglazier, CEO of Virgin Galactic, said: “Today the incredible team at Virgin Galactic supported another successful mission and delivered an unforgettable experience for four new astronauts.
  • Press materials may be accessed via the Virgin Galactic Newsroom at https://press.virgingalactic.com , including:

Virgin Galactic Completes Sixth Successful Spaceflight in Six Months

Retrieved on: 
Thursday, November 2, 2023

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its sixth space mission in six months and tenth to date.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its sixth space mission in six months and tenth to date.
  • The ‘Galactic 05’ mission saw Virgin Galactic’s spaceship converted into a suborbital lab for space-based scientific research for the second time.
  • Michael Colglazier, CEO of Virgin Galactic, said: “Providing researchers with reliable and repeatable access to a high-quality microgravity environment is vital to our mission of expanding human knowledge and enabling scientific discoveries.
  • Press materials may be accessed via the Virgin Galactic Newsroom at https://press.virgingalactic.com , including:

‘Galactic 05’ Research Mission Set to Become Virgin Galactic’s Sixth Flight in Six Months

Retrieved on: 
Wednesday, October 18, 2023

The ‘Galactic 05’ mission would once again see Virgin Galactic’s Spaceship converted into a suborbital space lab for space-based research.

Key Points: 
  • The ‘Galactic 05’ mission would once again see Virgin Galactic’s Spaceship converted into a suborbital space lab for space-based research.
  • This research mission reaffirms Virgin Galactic’s commitment to providing unprecedented access to space by reducing the historical barriers of time and cost associated with innovative microgravity and space-based research.
  • Payload Specialist and Bioastronautics Researcher for the International Institute for Astronautical Sciences (IIAS)
    ‘Galactic 05’ is set to become Galactic’s sixth space research mission and its second this year.
  • Her research has been developed through extensive reduced gravity flight campaigns with the National Research Council of Canada (NRC) and would now be advanced through a suborbital flight.

Virgin Galactic Completes Fifth Successful Human Spaceflight in Five Months

Retrieved on: 
Friday, October 6, 2023

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its fifth successful human space mission in five months, ‘Galactic 04’.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its fifth successful human space mission in five months, ‘Galactic 04’.
  • Michael Colglazier, CEO of Virgin Galactic, said: “Our teams in New Mexico and California have delivered on our monthly spaceflight objectives.
  • Three new astronauts journeyed to space today and brought back incredible memories and stories of their experience above the Earth.
  • Press materials may be accessed via the newly launched Virgin Galactic Newsroom at https://press.virgingalactic.com , including:

Virgin Galactic Announces First Quarter 2023 Financial Results And Provides Business Update

Retrieved on: 
Tuesday, May 9, 2023

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the first quarter ended March 31, 2023 and provided a business update.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the first quarter ended March 31, 2023 and provided a business update.
  • Non-GAAP selling, general and administrative expenses of $40 million in the first quarter of 2023, compared to $30 million in the first quarter of 2022.
  • Non-GAAP research and development expenses of $107 million in the first quarter of 2023, compared to $48 million in the first quarter of 2022.
  • Virgin Galactic will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today.

Virgin Galactic Announces Fourth Quarter and Full Year 2022 Financial Results and Provides Business Update

Retrieved on: 
Tuesday, February 28, 2023

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2022 and provided a business update.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2022 and provided a business update.
  • GAAP selling, general and administrative expenses of $47 million, compared to $38 million in the fourth quarter of 2021.
  • Non‐GAAP selling, general and administrative expenses of $39 million in the fourth quarter of 2022, compared to $29 million in the fourth quarter of 2021.
  • Non‐GAAP research and development expenses of $99 million in the fourth quarter of 2022, compared to $36 million in the fourth quarter of 2021.

Virgin Galactic Appoints Pilot Kelly Latimer to Director of Flight Test

Retrieved on: 
Wednesday, March 30, 2022

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the Company or Virgin Galactic), an aerospace and space travel company, today announced that veteran pilot and retired U.S. Air Force Lt. Col. Kelly Latimer has been promoted to Director of Flight Test.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the Company or Virgin Galactic), an aerospace and space travel company, today announced that veteran pilot and retired U.S. Air Force Lt. Col. Kelly Latimer has been promoted to Director of Flight Test.
  • Latimer joined Virgin Galactic in 2015 as its first female test pilot.
  • The role of Director of Flight Test is essential to our mission, said Mike Moses, President, Space Missions and Safety at Virgin Galactic.
  • I am honored to be named Director of Flight Test for Virgin Galactic to lead both a distinguished team and flight test program, said Latimer.

Virgin Galactic Begins Planned Vehicle Enhancement and Modification Period; Unity 23 Test Flight Rescheduled to Follow Completion of This Program

Retrieved on: 
Thursday, October 14, 2021

The enhancement program is designed to improve vehicle performance and flight-rate capability for VMS Eve and VSS Unity.

Key Points: 
  • The enhancement program is designed to improve vehicle performance and flight-rate capability for VMS Eve and VSS Unity.
  • In preparation for this work, Virgin Galactic has been performing routine tests and analyses to update its material properties database.
  • The enhancement program is designed to further increase margins that will enable improved reliability, durability and reduced maintenance requirements when in commercial service.
  • Following the enhancement period, the Company intends to complete the vehicle testing program for VMS Eve and VSS Unity, including the planned research test flight with the Italian Air Force, before starting commercial flights.

Virgin Galactic Announces First Commercial Research Mission

Retrieved on: 
Thursday, September 2, 2021

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the Company or Virgin Galactic), a vertically integrated aerospace and space travel company, today announced the manifest for the next rocket-powered test flight of SpaceShipTwo Unity from Spaceport America, which will be the first commercial, human-tended research mission for the Company.

Key Points: 
  • Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the Company or Virgin Galactic), a vertically integrated aerospace and space travel company, today announced the manifest for the next rocket-powered test flight of SpaceShipTwo Unity from Spaceport America, which will be the first commercial, human-tended research mission for the Company.
  • Audiences around the world will be invited to participate virtually in the Unity 23 flight and witness the commercial research mission with the Italian Air Force through a live stream available on VirginGalactic.com.
  • Sirisha Bandla, Head of Virgin Galactic Research and Vice President of Government Affairs, said: The commercial space industry is providing scientific opportunities that were unthinkable a decade ago.
  • We are thrilled to entrust this important mission to a flight pioneer such as Virgin Galactic.