Author Topic: Virgin Galactic: General discussion (2)  (Read 161608 times)

Offline Steven Pietrobon

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Re: Virgin Galactic: General discussion (2)
« Reply #340 on: 11/11/2023 04:43 am »
The article mentions that they are losing money with the current flights. Could an option be to delay current ticket holders to the new vehicles, but fly flights now at whatever they need to charge so that they are making a profit? That is mentioned in the article. They could probably charge $2M a seat and still get customers. The US has 81,340 people with at least $30M so that's quite a large pool to draw from.

"He said some seats might be sold to private astronauts who are willing to pay a “premium price” of up to $1 million each, versus the current price of $450,000."

https://www.foxbusiness.com/economy/the-us-has-the-most-multi-millionaires-in-the-world
Akin's Laws of Spacecraft Design #1:  Engineering is done with numbers.  Analysis without numbers is only an opinion.

Offline FutureSpaceTourist

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Re: Virgin Galactic: General discussion (2)
« Reply #341 on: 11/11/2023 08:41 am »
https://www.latimes.com/business/story/2023-11-08/virgin-galactic-layoffs

Quote
Richard Branson’s Virgin Galactic lays off 185 employees, 18% of workforce. Nearly 80 worked in Mojave

BY SAMANTHA MASUNAGASTAFF WRITER
PUBLISHED NOV. 8, 2023 UPDATED NOV. 9, 2023 1:40 PM PT

Richard Branson‘s Virgin Galactic will lay off 185 employees, or about 18% of the company, as the space tourism firm attempts to conserve cash, ride out the skittish capital markets and focus resources on a new line of spacecraft.

Offline FutureSpaceTourist

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Re: Virgin Galactic: General discussion (2)
« Reply #342 on: 11/11/2023 08:46 am »
Could an option be to delay current ticket holders to the new vehicles, but fly flights now at whatever they need to charge so that they are making a profit?

The problem with that option is that it means bumping founders who paid nearly 20 years ago for their flight. VG have already done that a bit, but it’s clearly a tricky balance.

Online TrevorMonty

Re: Virgin Galactic: General discussion (2)
« Reply #343 on: 11/11/2023 09:24 am »




(They may have learned a lesson or two from VO, and are looking at all possible ways to extend the runway).

Pun intended???

Offline FutureSpaceTourist

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Re: Virgin Galactic: General discussion (2)
« Reply #344 on: 11/14/2023 03:56 pm »
https://twitter.com/virgingalactic/status/1724469767044809065

Quote
Virgin Galactic is thrilled to announce the appointment of Luigi Brambilla to Virgin Galactic's Board of Directors. Luigi brings with him an impressive 18-year track record of experience spanning the Travel & Leisure, Wellness, Entertainment, and Financial sectors, with a notable decade-long tenure at the Virgin Group.

🚀 Welcome aboard, Luigi!

https://www.virgingalactic.com/news/virgin-galactic-appoints-luigi-brambilla-to-board-of-directors

Quote
VIRGIN GALACTIC APPOINTS LUIGI
BRAMBILLA TO BOARD OF DIRECTORS


ORANGE COUNTY, Calif. – November 13, 2023 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”) today announced the appointment of Luigi Brambilla to Virgin Galactic’s Board of Directors. Brambilla is an experienced investment and capital markets executive with an 18-year track record of experience across the Travel & Leisure, Wellness, Entertainment and Financial sectors—including 10 years at the Virgin Group.

Michael Colglazier, Chief Executive Officer of Virgin Galactic, said: “We are very pleased to announce Luigi as the newest member of our Board. His long history with Virgin Group, along with his extensive investment and capital markets expertise, make him an ideal fit for the role as we continue to build our Delta Class fleet and ready the business for profitable growth.”

Brambilla said: “I am honored to join the Board in support of a visionary company that has pioneered the world’s first commercial spaceline and created a spaceflight system that can only be described as revolutionary. It’s an exciting new chapter for Virgin Galactic, and I’m thrilled to play a part in building its long-term success for years to come.”
 
Brambilla’s appointment to the Board fills the seat previously held by Evan Lovell, who served on Virgin Galactic’s Board of Directors until his passing in June of 2023. Virgin Galactic’s Board now includes nine directors who collectively bring significant experience in aerospace, manufacturing, safety, risk oversight, supply-chain management, consumer experience and finance.

Offline Tomness

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Re: Virgin Galactic: General discussion (2)
« Reply #345 on: 11/14/2023 07:52 pm »
https://twitter.com/virgingalactic/status/1724469767044809065

Quote
Virgin Galactic is thrilled to announce the appointment of Luigi Brambilla to Virgin Galactic's Board of Directors. Luigi brings with him an impressive 18-year track record of experience spanning the Travel & Leisure, Wellness, Entertainment, and Financial sectors, with a notable decade-long tenure at the Virgin Group.

🚀 Welcome aboard, Luigi!

https://www.virgingalactic.com/news/virgin-galactic-appoints-luigi-brambilla-to-board-of-directors

Quote
VIRGIN GALACTIC APPOINTS LUIGI
BRAMBILLA TO BOARD OF DIRECTORS


ORANGE COUNTY, Calif. – November 13, 2023 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”) today announced the appointment of Luigi Brambilla to Virgin Galactic’s Board of Directors. Brambilla is an experienced investment and capital markets executive with an 18-year track record of experience across the Travel & Leisure, Wellness, Entertainment and Financial sectors—including 10 years at the Virgin Group.

Michael Colglazier, Chief Executive Officer of Virgin Galactic, said: “We are very pleased to announce Luigi as the newest member of our Board. His long history with Virgin Group, along with his extensive investment and capital markets expertise, make him an ideal fit for the role as we continue to build our Delta Class fleet and ready the business for profitable growth.”

Brambilla said: “I am honored to join the Board in support of a visionary company that has pioneered the world’s first commercial spaceline and created a spaceflight system that can only be described as revolutionary. It’s an exciting new chapter for Virgin Galactic, and I’m thrilled to play a part in building its long-term success for years to come.”
 
Brambilla’s appointment to the Board fills the seat previously held by Evan Lovell, who served on Virgin Galactic’s Board of Directors until his passing in June of 2023. Virgin Galactic’s Board now includes nine directors who collectively bring significant experience in aerospace, manufacturing, safety, risk oversight, supply-chain management, consumer experience and finance.
Bad timing,  but every one that chipped in when they are running out of cash, want theirs hands in the honey pot.

Offline FutureSpaceTourist

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Re: Virgin Galactic: General discussion (2)
« Reply #346 on: 11/23/2023 06:31 am »
https://twitter.com/virgingalactic/status/1727512750287675888

Quote
.@AviationWeek Network announced the winners of the 66th Annual Laureate Awards (#AWLAUR), honoring extraordinary achievements in the global aerospace arena. We’re proud to see Mike Moses, President of Virgin Galactic’s Spaceline, recognized in the Space category.

Offline catdlr

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Re: Virgin Galactic: General discussion (2)
« Reply #347 on: 11/23/2023 07:25 am »


Quote
.@AviationWeek Network announced the winners of the 66th Annual Laureate Awards (#AWLAUR), honoring extraordinary achievements in the global aerospace arena. We’re proud to see Mike Moses, President of Virgin Galactic’s Spaceline, recognized in the Space category.

Congratulations to Mike Moses, I really do miss his post-shuttle news conferences.
Tony De La Rosa, ...I'm no Feline Dealer!! I move mountains.  but I'm better known for "I think it's highly sexual." Japanese to English Translation.

Online Chris Bergin

Re: Virgin Galactic: General discussion (2)
« Reply #348 on: 11/23/2023 10:17 am »
Fastest talking man ever at those pressers. The man is genius level! :)
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Offline FutureSpaceTourist

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Re: Virgin Galactic: General discussion (2)
« Reply #349 on: 12/02/2023 08:04 pm »
https://arstechnica.com/space/2023/12/no-further-investments-in-virgin-galactic-says-richard-branson/

Quote
No further investments in Virgin Galactic, says Richard Branson
Branson's business empire "no longer has the deepest pockets."

PHILIP GEORGIADIS AND PEGGY HOLLINGER, FINANCIAL TIMES - 12/2/2023, 6:58 PM

Sir Richard Branson has ruled out putting more money into his lossmaking space travel company Virgin Galactic, saying his business empire “does not have the deepest pockets” any more.

Offline jstrotha0975

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Re: Virgin Galactic: General discussion (2)
« Reply #350 on: 12/02/2023 09:37 pm »
Maybe a new space start-up could purchase the assets and make money off of it. Seams like most of the hard work has already been done.

Offline mn

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Re: Virgin Galactic: General discussion (2)
« Reply #351 on: 12/02/2023 10:38 pm »
Maybe a new space start-up could purchase the assets and make money off of it. Seams like most of the hard work has already been done.

Not at all. The current vehicle is apparently not good enough to actually generate revenue. (Plenty of guesses why, up thread)

They now need a couple of years of investment to get their Delta class ships ready.

Offline wannamoonbase

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Re: Virgin Galactic: General discussion (2)
« Reply #352 on: 12/05/2023 04:42 pm »
As much as I want to see this business succeed, they have taken far too long, like Blue Origin long, to become operational.

I don't see how this can be a viable business with 1 flight per month after all the years of funding and development.

https://news.yahoo.com/virgin-galactic-hits-financial-turbulence-144000294.html
Wildly optimistic prediction, Superheavy recovery on IFT-4 or IFT-5

Offline FutureSpaceTourist

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Re: Virgin Galactic: General discussion (2)
« Reply #353 on: 12/22/2023 06:45 pm »
https://twitter.com/virgingalactic/status/1738283681796755673

Quote
As we head into 2024, we're taking a look back at everything the team accomplished in 2023. Revisit the Virgin Galactic spaceflights achievements of this year and look forward to what’s on the horizon with us. 💫

Offline catdlr

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Re: Virgin Galactic: General discussion (2)
« Reply #354 on: 01/27/2024 06:12 pm »
« Last Edit: 01/27/2024 06:12 pm by catdlr »
Tony De La Rosa, ...I'm no Feline Dealer!! I move mountains.  but I'm better known for "I think it's highly sexual." Japanese to English Translation.

Offline ZachF

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Re: Virgin Galactic: General discussion (2)
« Reply #355 on: 01/28/2024 01:56 am »
Maybe a new space start-up could purchase the assets and make money off of it. Seams like most of the hard work has already been done.

Their IP is pretty much worthless, unfortunately... almost impressively worthless considering the time involved.

They’ve been messing around with the Rutan designs for soooooo long that the market has changed around it multiple times.
« Last Edit: 01/28/2024 01:58 am by ZachF »
artist, so take opinions expressed above with a well-rendered grain of salt...
https://www.instagram.com/artzf/

 

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