Search results
Results from the WOW.Com Content Network
Virgin Galactic was founded in 2004 by British entrepreneur Sir Richard Branson, who had previously founded the Virgin Group and the Virgin Atlantic airline, and who had a long personal history of balloon and surface record-breaking activities. As part of Branson's promotion of the firm, he has added a variation of the Virgin Galactic livery to ...
Virgin Galactic also noted that its cash burn rate accelerated to $118 million in the quarter, which isn't great news. On the plus side, the company has $744 million in cash and equivalents.
Virgin Galactic (NYSE: SPCE) is out of the space tourism business -- at least for a while. On Saturday, June 8, Virgin Galactic's "Galactic 07" mission successfully took off, briefly visited space ...
Nov. 8—Virgin Galactic announced Wednesday it would be scaling back and then pausing flights to space next year from Spaceport America and that the company instead will funnel resources into ...
The company was founded in 2005 by Burt Rutan and Richard Branson, and was initially jointly owned by Virgin Group and Scaled Composites, to own the technology created by Scaled for Virgin Galactic's Virgin SpaceShip program. Virgin Galactic was announced to be the launch customer for the SpaceShipTwo and WhiteKnightTwo vehicles. Virgin placed ...
Virgin Galactic bought out Scaled Composites' interest in TSC in 2012, and TSC became a wholly owned subsidiary of Virgin Galactic. [35] The launch customer of SpaceShipTwo was Virgin Galactic, who as of 2005 had publicly announced they had ordered five vehicles, [36] [37] but only three had been ordered by 2015. [38]
In an announcement by Virgin Galactic on Wednesday, the company said just under 40% of the layoffs will be people working in New Mexico. Virgin Galactic lays off 185 employees; will pause flights ...
Jun. 15—Virgin Galactic decided to make a change in plans. The space tourism company's stock is dipping, and it has hundreds of customers who have waited over half a decade to go to space. The ...