Articles tagged “virgin galactic”

Richard Branson to Sell Up to 12 Percent Stake in Virgin Galactic

Richard Branson to Sell Up to 12 Percent Stake in Virgin Galactic

Rob Davies, The Guardian

Virgin Group will sell about $500 million shares in Virgin Galactic, the space-tourism venture, to raise funds for its other travel businesses. The move by owner Richard Branson signals the wallop still awaiting space tourism and travel generally.

5 months ago

Virgin Galactic Registers Thousands for Future Space Tourism Flights

Virgin Galactic Registers Thousands for Future Space Tourism Flights

John Antczak, Associated Press

Thousands have expressed interest in going to outer space with Virgin Galactic as the company reopens registration for it flights. Is 2020 the year that space tourism will finally take off?

8 months ago

Virgin Galactic’s Second Spaceship Reaches Build Milestone

Virgin Galactic’s Second Spaceship Reaches Build Milestone

John Antczak, The Associated Press

This is getting to be more exciting — commercial flights near space can be had as soon as this year.

10 months ago

Virgin Galactic Celebrates a Year of Milestones in the Race to Space Tourism

Virgin Galactic Celebrates a Year of Milestones in the Race to Space Tourism

Associated Press

The company seems to be inching closer to actually launching commercial flights, though it still won't commit to a launch date. Many expect 2020 will be the year, but space tourism is an industry that hits a lot of snags.

11 months ago

Virgin Galactic Struggles Since Its Public Takeoff

Virgin Galactic Struggles Since Its Public Takeoff

Justin Bachman, Bloomberg

This venture may be a little ahead of its time. Investors don't have much confidence that space tourism will gain traction anytime soon. Can you really blame them? It's space tourism.

12 months ago

Richard Branson Has Big Plans for Virgin’s Travel Brands in 2020

Richard Branson Has Big Plans for Virgin’s Travel Brands in 2020

Christopher Jasper, Bloomberg

While Richard Branson and the Virgin Group have had attempted to break into many industries over the years, travel has remained an enduring part of the business. This looks to continue with cruises, hotels, and space tourism as key areas of focus.

12 months ago

Boeing Bets on Space Tourism By Pumping $20 Million Into Virgin Galactic

Boeing Bets on Space Tourism By Pumping $20 Million Into Virgin Galactic

Associated Press

Boeing has plenty of money, so it might as well invest a tiny bit of it in space travel. We'll know the aircraft manufacturer is serious about space tourism when it invests billions, not $20 million.

1 year ago

Virgin Galactic Reveals Its Space Base But Not Its Launch Timing

Virgin Galactic Reveals Its Space Base But Not Its Launch Timing

Justin Bachman, Bloomberg

Champagne and caviar? Check. Barista island? Check. Scheduled flights? Richard Branson will get back to you. Space tourism has been an endlessly delayed launch, after all.

1 year ago

The Race to Space Speeds Up With Virgin Galactic’s Listing

The Race to Space Speeds Up With Virgin Galactic’s Listing

Thomas Seal, Christopher Jasper and Justin Bachman, Bloomberg

Richard Branson has been trying to get to space since 2004, when he first founded Virgin Galactic. While the company's move to publicly list the company takes things up a notch, it certainly doesn't guarantee this idea won't remain a true moonshot.

1 year ago

Virgin Galactic Plans to Go Public

Virgin Galactic Plans to Go Public

Angus Whitley, Bloomberg

The reported deal will fund the company until it can operate and make a profit. The problem is one or even both of those could be a long way off.

1 year ago

Space Tourism Could Be the Ultimate Adventure Trip for Travel Advisors

Space Tourism Could Be the Ultimate Adventure Trip for Travel Advisors

Maria Lenhart, Skift

With Virgin Galactic's suborbital flights expected to begin at long last, space tourism could soon take off as a niche for travel advisors. Those already involved caution that it takes patience, training, and commitment.

1 year ago

Virgin Galactic Could Fly Customers to Space as Soon as This Year

Virgin Galactic Could Fly Customers to Space as Soon as This Year

Justin Bachman, Bloomberg

Virgin Galactic already has about 700 customers willing to pay $250,000 for a 90-minute flight. That's remarkable, right?

1 year ago