Shares of Virgin Galactic Holdings Inc. jumped as much as 22% in premarket U.S. trading on Monday, just above an all-time peak reached in February.
Sunday's launch of the VSS Unity passenger rocket plane marked the company's 22nd test flight of its SpaceShipTwo system, and its fourth crewed mission beyond Earth's atmosphere.
The self-described tie-loathing adventurer and troublemaker will join five company employees for Sunday's test flight from New Mexico's southern desert
In a summer not lacking in awe-inspiring spectator sports, this rivalry remains pretty unique. And it's not without risk. It's taken a couple of decades for both men to realize their ambition of going
Branson will evaluate the "private astronaut experience," the company said, as Virgin Galactic prepares to offer flights to well-heeled customers in 2022.
Billionaire entrepreneur Richard Branson will travel to the edge of space on Virgin Galactic Holdings Inc's test flight on July 11, Branson's space tourism firm said
This comes following a successful test flight last month
In 2011, Space Adventures, a space tourism company that successfully sent seven clients to orbital journey, suggested the number of space tourists could reach 140 by 2020 but little changed since then
A SPAC, or a blank-check firm, is a shell company that raises funds in an initial public offering (IPO) with the aim of acquiring a private company, which then becomes public as result of the merger
The rocket, a 70-foot launcher tailored for carrying small satellites to space, aimed to place 10 tiny satellites in orbit for NASA roughly two hours into the mission
The two-stage rocket carried a cluster of very small satellites known as CubeSats developed and built as part of a NASA educational program involving U.S. universities
The propensity to travel amongst Indians is going up as is their willingness to pay, says Alex Mcewan, Virgin Atlantic Country Manager-India
British billionaire's satellite-launch business looking to raise money to support future launches
The deal comes at a cost to Branson, who injected £200 million of his own money into the company, raised through the sale of shares in Virgin Galactic Holdings
Meetings of four creditor groups will be held on August 25 after the company began a legal process in the UK seeking to stop any holdouts from blocking the package
The airline made the Chapter 15 filing in US federal bankruptcy court in New York after a proceeding in the United Kingdom
The firm said it 'expects to advance to the next phase of its test flight programme' in the fall with two manned flights
The inaugural launch had appeared to be going well until moments after the rocket was dropped from beneath the left wing of the jumbo jet dubbed Cosmic Girl
The company said it intends to use the proceeds to support its portfolio of global leisure, holiday and travel businesses that have been affected by the impact of the coronavirus
While more than half of UK companies are expected to apply for government grants to pay furloughed employees, critics say they expect too much of the cash to go where it's not needed.