The space tourism company delivered an adjusted EBITDA loss of $54 million for the quarter, in line with the losses of $53 million and $55 million in the two prior quarters.
"Virgin Galactic expects to advance to the next phase of its test flight program with its first powered spaceflight from Spaceport America this fall, with two test pilots in the cockpit. Virgin Galactic then expects to conduct a second powered space flight from Spaceport America, with a crew of two test pilots in the cockpit and four mission specialists in the cabin.
Shares of Virgin Galactic slipped more than 3% in after-hours trading from its close on Monday of $24.02.in developing a supersonic aircraft. Virgin Galactic revealed the supersonic vehicle's design after completing a concept review alongside NASA. The company's business model falls in the realm of luxury experiences, given the high prices of its space tourism offering. The company is in the final stages of developing its reusable spacecraft, which can carry six passengers on a 90-minute trip to the edge of space.
Did only virgin and twilio report earnings today?
Virgin Spastic...
ok bullish
bullish
It’s a p o s
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Billionaire Branson And Rolls-Royce To Build Virgin Galactic Concorde Of The FutureVirgin Galactic, the space tourism arm of billionaire Richard Branson’s Virgin empire, will work with engine maker Rolls-Royce to develop an aircraft capable of travelling at around three times the speed of sound. ZimbabweLivesMatter So let’s see raging pandemic killing hundreds of thousands, most likely going to be followed by an economic recession/ depression and the priorities of the wealthy are like... As you advised elonmusk
Source: Forbes - 🏆 394. / 53 Read more »
Virgin Galactic partners with Rolls Royce to build a supersonic aircraftSpace tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle's design. Two modes of flight, supersonic for the ruling elites and subsonic for everyone else. Welcome to our medieval two-class society of lords and serfs with a plague thrown in for good measure. The Russians have hypersonic nuclear missiles so if Virgin Galactic can make a hypersonic engine for space travel our military will be very interested in their technology and be very willing to pay top dollar for it. HypersonicGrowth
Source: CNBC - 🏆 12. / 72 Read more »
Virgin Galactic reveals new supersonic jet design that would fly three times speed of soundVirgin Galactic has premiered a new jet design for high-speed air travel: a streamlined, Concorde-esque delta-wing aircraft with capacity for nine to 19 people. The super-fast jet will travel at Mach 3 — three times faster than the speed of sound. Yeah I would never lol
Source: CNN - 🏆 4. / 95 Read more »
Virgin Galactic's supersonic jet would go from NYC to London in 2 hours, shattering Concorde recordVirgin Galactic's planned supersonic jet could shatter the Concorde's record commercial airline flight time from New York City to London. Bet that will be really cheap That's great but there's no such thing as business travel anymore. So there's that. Sounds like a step backwards from Concorde- faster yet so few passengers.
Source: CNBC - 🏆 12. / 72 Read more »
Billionaire Branson And Rolls-Royce To Build Virgin Galactic Concorde Of The FutureVirgin Galactic, the space tourism arm of billionaire Richard Branson’s Virgin empire, will work with engine maker Rolls-Royce to develop an aircraft capable of travelling at around three times the speed of sound. ZimbabweLivesMatter So let’s see raging pandemic killing hundreds of thousands, most likely going to be followed by an economic recession/ depression and the priorities of the wealthy are like... As you advised elonmusk
Source: Forbes - 🏆 394. / 53 Read more »
Virgin Galactic reveals new supersonic jet design that would fly three times speed of soundVirgin Galactic has premiered a new jet design for high-speed air travel: a streamlined, Concorde-esque delta-wing aircraft with capacity for nine to 19 people. The super-fast jet will travel at Mach 3 — three times faster than the speed of sound. Yeah I would never lol
Source: CNN - 🏆 4. / 95 Read more »