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Virgin Galactic
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
The company is in California, and operates from New Mexico. The company develops commercial spacecraft and provides suborbital spaceflights to space tourists. Virgin Galactic's suborbital spacecraft are air launched from beneath a carrier airplane known as White Knight Two. Virgin Galactic's maiden spaceflight occurred in 2018 with its VSS Unity spaceship.
The company did the early work on the satellite launch development of LauncherOne before this was hived off to a separate company, Virgin Orbit, in 2017. The company was shut down in May 2023.
On 13 December 2018, VSS Unity achieved the project's first suborbital space flight, VSS Unity VP-03, with two pilots, reaching an altitude of 82.7 kilometres (51.4 mi), and officially entering outer space by U.S. standards. In February 2019, the project carried three people, including a passenger, on VSS Unity VF-01, with a member of the team floating within the cabin during a spaceflight that reached 89.9 kilometres (55.9 mi). On 11 July 2021, founder Richard Branson and three other employees rode on VSS Unity 22 as passengers, marking the first time a spaceflight company founder has travelled on his own ship into outer space. In February 2022, Virgin Galactic announced that it was opening ticket sales to the public. The price of a reservation was $450,000. In June 2023, Virgin Galactic launched its first commercial space tourism flight called Galactic 01. Galactic 07 in June 2024 was the final flight of Unity as the company shifted focus to its Delta class vehicles and a higher launch cadence.
In February 2025, a ticket for a seat is estimated to cost about $600,000.
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.
The Spaceship Company (TSC) was founded by Richard Branson through Virgin Group (which owned 70%) and Burt Rutan through Scaled Composites (which owned 30%) to build commercial spaceships and launch aircraft for space travel. From the time of TSC's formation in 2005, the launch customer was Virgin Galactic, which contracted to purchase five SpaceShipTwos and two WhiteKnightTwos. Scaled Composites was contracted to develop and build the initial prototypes of WhiteKnightTwo and SpaceShipTwo, and then TSC began production of the follow-on vehicles beginning in 2008. In 2012, after Northrop Grumman acquired Scaled Composites, Virgin Galactic acquired the remaining 30% of The Spaceship Company.
After a claimed investment by Virgin Group of US$100 million, in 2010 the sovereign wealth fund of Abu Dhabi, Aabar Investments group, acquired a 31.8% stake in Virgin Galactic for US$280 million, receiving exclusive regional rights to launch tourism and scientific research space flights from the United Arab Emirates capital. In July 2011, Aabar invested a further US$110 million to develop a program to launch small satellites into low Earth orbit, raising their equity share to 37.8%. The New Mexico government has invested approximately $200m (£121m) in the Spaceport America facility, for which Virgin Galactic is the anchor tenant; other commercial space companies also use the site.
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Virgin Galactic AI simulator
(@Virgin Galactic_simulator)
Virgin Galactic
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
The company is in California, and operates from New Mexico. The company develops commercial spacecraft and provides suborbital spaceflights to space tourists. Virgin Galactic's suborbital spacecraft are air launched from beneath a carrier airplane known as White Knight Two. Virgin Galactic's maiden spaceflight occurred in 2018 with its VSS Unity spaceship.
The company did the early work on the satellite launch development of LauncherOne before this was hived off to a separate company, Virgin Orbit, in 2017. The company was shut down in May 2023.
On 13 December 2018, VSS Unity achieved the project's first suborbital space flight, VSS Unity VP-03, with two pilots, reaching an altitude of 82.7 kilometres (51.4 mi), and officially entering outer space by U.S. standards. In February 2019, the project carried three people, including a passenger, on VSS Unity VF-01, with a member of the team floating within the cabin during a spaceflight that reached 89.9 kilometres (55.9 mi). On 11 July 2021, founder Richard Branson and three other employees rode on VSS Unity 22 as passengers, marking the first time a spaceflight company founder has travelled on his own ship into outer space. In February 2022, Virgin Galactic announced that it was opening ticket sales to the public. The price of a reservation was $450,000. In June 2023, Virgin Galactic launched its first commercial space tourism flight called Galactic 01. Galactic 07 in June 2024 was the final flight of Unity as the company shifted focus to its Delta class vehicles and a higher launch cadence.
In February 2025, a ticket for a seat is estimated to cost about $600,000.
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.
The Spaceship Company (TSC) was founded by Richard Branson through Virgin Group (which owned 70%) and Burt Rutan through Scaled Composites (which owned 30%) to build commercial spaceships and launch aircraft for space travel. From the time of TSC's formation in 2005, the launch customer was Virgin Galactic, which contracted to purchase five SpaceShipTwos and two WhiteKnightTwos. Scaled Composites was contracted to develop and build the initial prototypes of WhiteKnightTwo and SpaceShipTwo, and then TSC began production of the follow-on vehicles beginning in 2008. In 2012, after Northrop Grumman acquired Scaled Composites, Virgin Galactic acquired the remaining 30% of The Spaceship Company.
After a claimed investment by Virgin Group of US$100 million, in 2010 the sovereign wealth fund of Abu Dhabi, Aabar Investments group, acquired a 31.8% stake in Virgin Galactic for US$280 million, receiving exclusive regional rights to launch tourism and scientific research space flights from the United Arab Emirates capital. In July 2011, Aabar invested a further US$110 million to develop a program to launch small satellites into low Earth orbit, raising their equity share to 37.8%. The New Mexico government has invested approximately $200m (£121m) in the Spaceport America facility, for which Virgin Galactic is the anchor tenant; other commercial space companies also use the site.