Virgin Galactic Successfully Completes First Fully Crewed Spaceflight

Rhea-AI Summary

Virgin Galactic (NYSE: SPCE) announced the successful fourth rocket-powered flight of VSS Unity, reaching space at 53.5 miles. This flight marked the 22^nd test and included a full crew, featuring founder Sir Richard Branson. The team evaluated the customer experience and conducted research. CEO Michael Colglazier hailed the event as a significant milestone for commercial space travel. The flight achieved a speed of Mach 3 before landing smoothly at Spaceport America. The company aims to make space travel accessible, and Branson announced a partnership with Omaze and Space for Humanity.

Positive

• Successful fourth rocket-powered spaceflight of VSS Unity.
• First test flight with a full crew including Sir Richard Branson.
• Reached space at an altitude of 53.5 miles.
• Achieved a speed of Mach 3 during the flight.

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• None.

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“the Company” or “Virgin Galactic”) today announced that VSS Unity successfully reached space, completing the Company’s fourth rocket-powered spaceflight.

Today’s flight was the 22^nd test flight of VSS Unity and the first test flight with a full crew in the cabin, including the Company’s founder, Sir Richard Branson. The crew fulfilled a number of test objectives related to the cabin and customer experience, including evaluating the commercial customer cabin, the views of Earth from space, the conditions for conducting research and the effectiveness of the five-day pre-flight training program at Spaceport America.

Michael Colglazier, Chief Executive Officer of Virgin Galactic, said: “Today is a landmark achievement for the Company and a historic moment for the new commercial space industry. With each successful mission we are paving the way for the next generation of astronauts. I want to thank our talented team, including our pilots and crew, whose dedication and commitment made today possible. They are helping open the door for greater access to space – so it can be for the many and not just for the few.”

VSS Unity achieved a speed of Mach 3 after being released from the mothership, VMS Eve. The vehicle reached space, at an altitude of 53.5 miles, before gliding smoothly to a runway landing at Spaceport America.

This seminal moment for Virgin Galactic and Sir Richard Branson was witnessed by audiences around the world. It gave a glimpse of the journey Virgin Galactic’s Future Astronauts can expect when the Company launches commercial service following the completion of its test flight program. A recording of the livestream can be accessed on Virgin Galactic’s YouTube channel.

Sir Richard Branson said: “I have dreamt about this moment since I was a child, but nothing could have prepared me for the view of Earth from space. We are at the vanguard of a new space age. As Virgin’s founder, I was honoured to test the incredible customer experience as part of this remarkable crew of mission specialists and now astronauts. I can’t wait to share this experience with aspiring astronauts around the world.”

Branson continued, “Our mission is to make space more accessible to all. In that spirit, and with today’s successful flight of VSS Unity, I’m thrilled to announce a partnership with Omaze and Space for Humanity to inspire the next generation of dreamers. For so long, we have looked back in wonder at the space pioneers of yesterday. Now, I want the astronauts of tomorrow to look forward and make their own dreams come true.”

The mission specialists in the cabin were Beth Moses, Chief Astronaut Instructor; Colin Bennett, Lead Flight Operations Engineer; Sirisha Bandla, Vice President of Government Affairs and Research Operations; and the Company’s founder, Sir Richard Branson. The VSS Unity pilots were Dave Mackay and Michael Masucci, while Kelly Latimer and CJ Sturckow piloted VMS Eve.

You can download all press materials including images and broll from the Virgin Galactic Press Assets

About Virgin Galactic Holdings

Virgin Galactic Holdings, Inc. is a vertically integrated aerospace and space travel company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. It is developing a spaceflight system designed to offer customers a unique and transformative experience. You can find more information at https://www.virgingalactic.com/

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company’s spaceflight systems, markets and expected flight schedule. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the factors, risks and uncertainties included in Amendment No. 2 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.virgingalactic.com. These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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FAQ

What did Virgin Galactic announce regarding the VSS Unity flight?

Virgin Galactic announced the successful fourth rocket-powered flight of VSS Unity, reaching space.

What altitude did VSS Unity achieve during its recent flight?

VSS Unity reached an altitude of 53.5 miles during the flight.

Who was part of the crew on the recent VSS Unity flight?

The crew included Sir Richard Branson and several mission specialists.

What speed did VSS Unity reach during the flight?

VSS Unity achieved a speed of Mach 3 during its flight.

What is the significance of the VSS Unity flight for Virgin Galactic?

The flight is considered a landmark achievement and a significant step towards commercial space travel.