"Virgin Galactic, founded 22 years ago by Sir Richard Branson, aims to bring spaceflight to the masses, having begun flying passengers in May 2021 with VSS Unity."
"The company reached outer space in December 2018 and completed six spaceflights in 2023, but halted VSS Unity operations in June 2024 to develop a next-generation vehicle."
"Spaceflight remains an expensive and dangerous business, even for companies focused on relatively simple suborbital flights, posing challenges for profitability."
Virgin Galactic shared a photo of its next-generation spaceship being towed in Arizona. Founded by Sir Richard Branson, the company aims to make space tourism accessible. After reaching space in December 2018, it began passenger flights in May 2021, completing six in 2023. In June 2024, operations with VSS Unity ceased to focus on developing a new vehicle. The space tourism industry faces challenges in profitability despite initial demand from customers for suborbital flights.
#virgin-galactic #space-tourism #suborbital-flights #spacecraft-development #profitability-challenges
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