About three weeks ago, Virgin Galactic flew its final SpaceShipTwo mission with Galactic 07. Last week, the company completed a reverse stock split to keep its stock price above the $1 exchange limit, however its price continues to drop. So what is the future of the company that has been repeatedly the butt of jokes by financial experts?
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There is really no material value in one billionaire beating another billionaire to space. Yet Virgin Galactic founder Richard Branson is scheduled to be aboard his company’s spacecraft during a suborbital flight before Jeff Bezos rides his rocket with Blue Origin.
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Last Friday it was announced that Virgin Galactic was awarded their full commercial launch license from the Federal Aviation Administration. The marks the beginning of their operational status for crewed sub-orbital flights to space.
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On October 14, NASA announced that it had selected an experiment by the Southwest Research Institute (SwRI) to participate in its Flight Opportunities program. However, what’s unique about this experiment is that the payload will include a human named Alan Stern.
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Virgin Galactic has ambitious plans to open the edge of space to passengers on its suborbital spaceplane called SpaceShipTwo Unity. Opening the window to space is no simple task, however, and Virgin Galactic is at the mercy of testing and iterating to reach its goal.
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From a successful test flight to a new NASA agreement, the first five days in May have been jam-packed for Virgin Galactic.
Now add its first-quarter earnings results (and second-ever investor call) to the list.
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