Virgin Galactic reveals new ship, but it's running out of time and cash
It's not clear whether Virgin Galactic has the cash reserves to fund a prolonged test phase.
On Thursday, the publicly traded spaceflight company Virgin Galactic shared on social media a new photo of its next-generation spaceship being towed outside of its factory in Mesa, Arizona.
You remember Virgin Galactic, right? The space tourism company was founded 22 years ago by Sir Richard Branson to bring spaceflight to the masses. Hundreds of people began buying tickets to space nearly two decades ago. And after a long, and at times deadly, development campaign, the company reached outer space (defined, somewhat controversially, as an altitude of 80 km and above) in December 2018.
The company began flying passengers in May 2021 with its VSS Unity spacecraft, and impressively completed six spaceflights in 2023. But a few months later, in June 2024, Virgin Galactic stopped flying VSS Unity to focus on the development of its next-generation vehicle capable of more frequent, lower-cost spaceflights.
This story was first published by Ars Technica. Read the original report