Virgin Galactic Stock Price Declines, Commercial Flights Scheduled for Next Year

New SpaceShipTwo reaches weight on wheels milestone. (Credit: Virgin Galactic)

by Douglas Messier
Managing Editor

Virgin Galactic’s stock decline in extended trading after Sir Richard Branson’s spaceline reported second quarter earnings.

The stock closed on Monday at $24.02 after rising $1.57 (6.99%). In after-hours trading, the stock declined to $22.23, a decrease of $1.79 (-7.45%).

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Virgin Galactic to Unveil SpaceShipTwo Cabin Design

VSS Unity roll out on Feb. 19, 2016. (Credit: Virgin Galactic)

LAS CRUCES, N.M. (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, today announced that SpaceShipTwo’s cabin interior design reveal will take place on July 28, 2020. The virtual event will be streamed live on YouTube. In celebration of this milestone, the Company will also be announcing plans to bring immersive versions of Virgin Galactic’s spaceflight and cabin interior experience, to aspiring astronauts around the world.

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Energia, Space Adventures Sign Contract for Orbital Space Tourist Flight, Space Walk

VIENNA, Va., June 25, 2020 (Space Adventures PR) – S.P. Korolev Rocket and Space Corporation “Energia” and Space Adventures, Inc. signed a contract for a short duration spaceflight of two spaceflight participants on board the same “Soyuz” spacecraft to the Russian segment of the International Space Station (ISS).

One of the mission participants will have an opportunity to conduct a spacewalk outside the space station, becoming the first private citizen in history to experience open space. Accepted and secured candidates will be required to complete specialized training and additional simulations in preparation for the spacewalk attempt.

“A private citizen completing a spacewalk would be another huge step forward in private spaceflight. We appreciate the chance to celebrate two decades of orbital space tourism with our Russian partners by opening up another first-ever experience. We applaud our colleagues at Energia for working with us to create amazing new adventures in space,” said Eric Anderson, Chairman and CEO of Space Adventures, Inc.

About Space Adventures

Space Adventures, the company that organized the flights for the world’s first private space explorers, is headquartered in the Washington, D.C. metro area. It offers a variety of programs available today, including spaceflight missions to the International Space Station, around the Moon, record-breaking orbital missions, and various training and spaceflight qualification programs. The company’s orbital spaceflight clients include Dennis Tito, Mark Shuttleworth, Greg Olsen, Anousheh Ansari, Charles Simonyi, Richard Garriott, and Guy Laliberté.

The Future Ain’t What it Used to Be: The Triumph and Failure of the Ansari X Prize

WhiteKnight with SpaceShipOne on the taxiway prior to the first commercial spaceflight. The authori is at right holding up the video camera. (Credit: John Criswick)

by Douglas Messier
Managing Editor

Sixteen years ago today, I awoke very early and joined about 25,000 people at a newly-designated spaceport in the Mojave Desert to watch history in the making.

On that bright sunny June 21, Mike Melvill became the first person to fly to space on a privately-built vehicle by piloting SpaceShipOne to just above the Karman line at 100 km.

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The Year of the Four Spaceships: A Progress Report

The Expedition 63 crew welcomes Bob Behnken and Doug Hurley to the International Space Station. (Credits: NASA / Bill Stafford)

by Douglas Messier
Managing Editor

Back in February, I went out on a limb and predicted that 2020 could be the Year of the Four Spaceships, with SpaceX, Boeing, Blue Origin, and Virgin Galactic and reaching major milestones in human spaceflight. (See 2020: Four Spaceships & the End of America’s Cosmic Groundhog Day)

With nearly half the year over, I thought it would be a good time to review the companies’ progress toward those milestones.

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Video of SpaceShipTwo Glide Flight in NM

Video Caption: This glide flight marks the inaugural solo flight of VSS Unity in New Mexico and as such is an important flight test milestone in preparation for commercial service.

Analysis of Virgin Galactic Stock by Some Guy in a Red Shirt

Video Caption: Not investment advice, just my humble opinion. This is the most innovative company out there today as they are doing something no other business is even attempting. They have the best people in the aerospace industry working on this ground-breaking service.

Video: Beth Moses Talks About Her Suborbital Flight

Video Caption: Learn what it’s like to travel to space from Beth Moses, Virgin Galactic’s Chief Astronaut Trainer, in this special Spacechat for all young people currently studying at home! Beth was the world’s 571st human to look down at Earth from the black sky of space as she became Commercial Astronaut 007.

Hear Beth talk about her spaceflight, including highlights such as the rocket ride and floating in zero G! Beth invites you to join her and talk traveling through space in the first part of this series – Spacechat #WithMe!

Virgin Galactic Stock Goes Up Again (After Going Way Down)

Sir Richard Branson and New Mexico Gov. Bill Richardson in front of WhiteKnightTwo and SpaceShipTwo during the Spaceport America runway dedication ceremony in October 2010. The spaceport still awaits its first suborbital flight. (Credit: Douglas Messier)

by Douglas Messier
Managing Editor

Virgin Galactic’s wild roller coaster ride on Wall Street continued over the past week as Richard Branson’s spaceline marked five months as a publicly traded company and 13 months since the last launch of its SpaceShipTwo suborbital tourism vehicle.

Since debuting on the New York Stock Exchange at $12 last Oct. 28, the stock soared to a high of $42.49 on Feb. 20 before sinking to $10.49 on March 19. Over the past week, the stock has risen again; it reached $14.68 in after-hours trading on Monday.

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Blast From the Past: Suborbital Human Spaceflights by March 2009

March 2007

Virgin Galactic Founder predicts SpaceShipTwo would be ready to fly in 12 months. A year after that — March 2009 — the vehicle would begin commercial suborbital space flights.

The reality is that in 2007 they didn’t have an engine capable of firing for the one minute needed to send SpaceShipTwo above 50 miles. They weren’t even close to having one. It would take another 7.5 years to develop one they would even risk firing for more than 20 seconds in flight.

SpaceShipTwo VSS Enterprise was destroyed on Oct. 31, 2014 during the flight during which they were supposed to test that engine. That accident set the program back by another five years.

Virgin Galactic Starts Taking Flight Deposits Again

WhiteKnightTwo and SpaceShipTwo fly right overhead. (Credit: Kenneth Brown)

Editor’s Note: They kind of buried the lede here. Read down to paragraph 4 of 7. Virgin also closed ticket sales after VSS Enterprise crashed in October 2014, at which time it had more 700 firm reservations. But, notice the legalistic clarification: formally closed.

MOJAVE, Calif. (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, announced today that in preparation for the re-opening of spaceflight sales, it is introducing the One Small Step initiative. The company formally closed its doors to new ticket sales after its history-making first space flight in December 2018.

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