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Virgin Galactic ventures in space after two-year hiatus
Space Travel and Exploration Tech
May 25, 2023
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Space Travel and Exploration Tech

Space Travel and Exploration Tech

May 25, 2023

Virgin Galactic ventures in space after two-year hiatus

Product updates

  • Virgin Galactic, a space travel and launch company, conducted its first suborbital launch after a nearly two-year hiatus. Named Unity 25, the mission carried a crew of six and two pilots to an altitude of 44,500 ft for 90 minutes.

  • This mission achieved two key objectives: 1) A final assessment of VMS Eve and VSS Unity and 2) an evaluation of astronaut training and spaceflight experience.

  • With the success of this mission, the company plans to begin commercial services from June 2023 onwards, with the first flight slated to carry three Italian Air Force officers as a part of a contract formed in 2019.

  • Analyst QuickTake: The company has been gearing up for a commercial launch since November 2022 . In August 2021, the company opened ticket sales at the USD 450,000 price, requiring a USD 150,000 deposit, of which USD 25,000 was not refundable. With Virgin Galactic’s sister company, Virgin Orbit, ceasing operations due to a lack of launches and funding, the company will look to commercial space flights to reel in revenue.

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