A Virgin Galactic test flight Saturday ended prematurely as the spacecraft's rocket motor failed to ignite and it then glided down safely to its landing site in southern New Mexico.
Virgin Galactic is putting the world's first commercial spaceport to use later this month when it launches it's first spaceflight from Spaceport America in New Mexico, which the company expects to generate $1 billion a year annually.
The seller is asking 4 million British pounds, or about $5.195 million for the 1.4-acre Tanyards Farm property outside Shamley Green, a village southwest of London.
The billionaire is eyeing undervalued American and European consumer-facing businesses in sectors where Virgin has had success, including travel, leisure, entertainment and financial services.
Virgin Atlantic announced 1,150 job cuts Friday despite completing a $1.6-billion restructuring plan aimed at rebuilding the company during the travel downturn caused by the coronavirus pandemic.
The airline in April became the world’s largest to seek bankruptcy protection after the coronavirus pandemic grounded much of the aviation industry
Sky News is reporting that Virgin Atlantic is preparing to cut more than 1,000 jobs
LONDON - Virgin Atlantic's creditors will vote on a 1.2 billion pound ($1.6 billion) rescue plan on Tuesday in a crucial test of the airline's ability to survive in an industry devastated by the COVID-19 pandemic.
Virgin Galactic unveiled the design for an upcoming high-speed aircraft this week that may be able to fly from New York to London in about 90 minutes.
Virgin Galactic showed off the interiors of its passenger spaceflight vehicle the VSS Unity.
Michael Colglazier will become CEO of the Mojave, California-based space travel company and join the Virgin Galactic board of directors as of July 20.
In 1994, Richard Branson launched Virgin Cola, but after significant pushback from competitors, he decided to fold the brand and move on to other ventures.
The adults-only cruise line Virgin Voyages will make its debut in the fall after the coronavirus pandemic delayed its first sail.
Under what's now known as the Virgin Group, Branson has over 70,000 employees across various companies throughout 35 countries.
Amateur astronauts, private space stations, flying factories, out-of-this-world movie sets — this is the future the space agency is striving to shape as it eases out of low-Earth orbit and aims for the moon and Mars.
Richard Branson is free to sell a nearly $1 billion stake in Virgin Galactic, half his stake in the aerospace company he founded.
More than 400 people have put down deposits for Virgin Galactic’s future spaceflights, representing more than $100 million in potential future business.
One of Britain’s best-known billionaires by putting his Virgin brand on an array of businesses, including planes and trains, cola and bridal gowns, often taking an equity stake and licensing fees in exchange. Several of his biggest forays are focused on travel and tourism. Amid the new coronavirus pandemic, he now finds himself at the epicenter of the meltdown in those industries.
The contract was awarded to VOX Space, a subsidiary of Virgin Orbit that conducts satellite launches for U.S. military and national security branches.
Richard Branson's company Virgin Orbit is producing ventilators to address the coronavirus pandemic.