Richard Branson, the founder and largest shareholder of suborbital spaceflight company Virgin Galactic, will sell more than a fifth of Virgin Group’s majority stake in the company to raise funds to aid its other companies affected by the pandemic.
Richard Branson headlines Air Force event, pitches Virgin Orbit’s capabilities for national security
Branson: “Hopefully that will be a deterrent to an enemy state to not knock out satellites if America has a capability to replace them within 24 hours."
The founder of Virgin Galactic says he now expects to fly on the company’s SpaceShipTwo suborbital vehicle around the middle of this year after a series of test flights starting in the next several weeks.
With a first flight to the edge of space under the company’s belt, Virgin Galactic founder Richard Branson believes commercial flights of SpaceShipTwo could begin some time next year.
Virgin Galactic’s chief executive says the company is approaching the “next phase” of the flight test program for the company’s SpaceShipTwo suborbital vehicle as the company’s founder predicts the company reaching space in “weeks.”
Virgin Galactic’s SpaceShipTwo suborbital spaceplane performed a successful test flight May 29, bringing the company one step closer to realizing its long-delayed dreams of space tourism and research flights.