Virgin Galactic postpones Unity 23 launch to 2022 - Breaking The News
Download our appPlay StoreApp Store

Virgin Galactic postpones Unity 23 launch to 2022

EPA-EFE/JUSTIN LANE

Virgin Galactic announced on Thursday it is going to refurbish its spacecraft VSS Unity, which will push the launch of its mission Unity 23 to at least the middle of 2022.

The company said that the recent testing of the vehicle "flagged a possible reduction in the strength margins of certain materials used to modify specific joints," which needs "further physical inspection." The refurbishment will last about eight months.

Virgin Galactic previously moved the test flight of Unity to the middle of this October at the earliest.

Related News
Branson: Market reaction to US tariffs 'preventable'
Billionaire and Virgin Galactic Holdings Inc. founder Richard Branson wrote in a post on X on Monday that the market's reaction to the United States' reciprocal tariffs was "predictable" but also "preventable.""Even if you agree with the premise of these tariffs, every reasonable effort should be made to give US companies sufficient time to adapt. The opposite has happened, and now financial markets everywhere are in free fall, with catastrophic results...
Virgin Galactic's loss per share at $0.25 in Q1
Virgin Galactic Holdings Inc. said on Tuesday that its loss per share in the first quarter of 2024 stood at $0.25, improving from a loss of $0.57 per share recorded in the same period in 2023.The firm's first-quarter net loss came in at $102 million, down from $159.3 million seen in last year's first three-month period. During the reported quarter, Virgin Galactic saw $2 million in revenue, compared to the $400,000 registered in the prior-year trimester."It's an...
Virgin Galactic plummets over 10%
The shares of Virgin Galactic Holdings, Inc. continued to fall on Wednesday, dropping over 10%.In March, the business was sued by the Boeing Company and its subsidiary Aurora Flight Sciences over unpaid invoices amounting to $25 million, alongside allegedly holding on to the company's trade secrets, both related to a project the two started working on in 2022. Earlier this month, Virgin Galactic countersued, stating that Boeing did "shoddy and incomplete"...
Virgin Galactic sinks premarket as Branson rules out new investment
The stocks of Virgin Galactic Holdings Inc. slipped more than 16% during the premarket session on Monday following its founder Richard Branson's comments regarding further investment. In an interview with the Financial Times published on Sunday, Branson said he does not intend to invest more money in his space travel company, stressing that his corporate empire does not "have the deepest pockets" anymore. "It [Virgin Galactic] should, I believe,...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.