Virgin Galactic said its next flight, Galactic 03, is scheduled for September as it continues a monthly flight cadence.
NEWS • 28/08/23VIRGIN GALACTIC ANNOUNCES FLIGHT WINDOW FOR THIRD COMMERCIAL SPACEFLIGHT‘Galactic 03’ to Fly Three Virgin Galactic “Founder” CustomersFlight Window Opens September 8, 2023Company’s Fourth Spaceflight in Four MonthsORANGE COUNTY, Calif. August 28, 2023 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“the Company” or “Virgin Galactic”) today announced the ‘Galactic 03’ flight window will open September 8, 2023, continuing a monthly cadence of spaceflights. This would be the Company’s fourth spaceflight in four months.The three ‘Galactic 03’ crew members are the first of Virgin Galactic’s group of ‘Founder’ astronauts – the first customers whose forward-thinking vision and early ticket purchases helped make the dream of regular commercial spaceflights a reality.The ‘Galactic 03’ crew bought their tickets as early as 2005 and, since then, have been an active part of the Company’s vibrant Future Astronaut community. This community – comprised of approximately 800 individuals representing over 60 different countries – enjoys access to distinctive experiences designed to inspire and to enrich their spaceflight experience.The pilots for ‘Galactic 03’ are VSS Unity Commander, Nicola Pecile, and VSS Unity Pilot, Michael Masucci; the Astronaut Instructor is Colin Bennett.In the past twelve weeks, Virgin Galactic has introduced eleven new astronauts to the world. Following the ‘Galactic 03’ spaceflight, the customers on board would become Virgin Galactic astronauts 014, 015 and 016.
https://www.virgingalactic.com/news/virgin-galactic-announces-flight-window-for-third-commercial-spaceflightQuoteNEWS • 28/08/23VIRGIN GALACTIC ANNOUNCES FLIGHT WINDOW FOR THIRD COMMERCIAL SPACEFLIGHT‘Galactic 03’ to Fly Three Virgin Galactic “Founder” CustomersFlight Window Opens September 8, 2023Company’s Fourth Spaceflight in Four MonthsORANGE COUNTY, Calif. August 28, 2023 – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“the Company” or “Virgin Galactic”) today announced the ‘Galactic 03’ flight window will open September 8, 2023, continuing a monthly cadence of spaceflights. This would be the Company’s fourth spaceflight in four months.The three ‘Galactic 03’ crew members are the first of Virgin Galactic’s group of ‘Founder’ astronauts – the first customers whose forward-thinking vision and early ticket purchases helped make the dream of regular commercial spaceflights a reality.The ‘Galactic 03’ crew bought their tickets as early as 2005 and, since then, have been an active part of the Company’s vibrant Future Astronaut community. This community – comprised of approximately 800 individuals representing over 60 different countries – enjoys access to distinctive experiences designed to inspire and to enrich their spaceflight experience.The pilots for ‘Galactic 03’ are VSS Unity Commander, Nicola Pecile, and VSS Unity Pilot, Michael Masucci; the Astronaut Instructor is Colin Bennett.In the past twelve weeks, Virgin Galactic has introduced eleven new astronauts to the world. Following the ‘Galactic 03’ spaceflight, the customers on board would become Virgin Galactic astronauts 014, 015 and 016.
At three passengers per month and an 800 passenger backlog, that will take about 22 years to complete! Revenue would initially be $7.2M per year, assuming $200K per passenger for the early ticket holders.
Quote from: Steven Pietrobon on 08/29/2023 05:13 amAt three passengers per month and an 800 passenger backlog, that will take about 22 years to complete! Revenue would initially be $7.2M per year, assuming $200K per passenger for the early ticket holders.IIRC the original 100 Founder passengers had to pay up front in full. So there’s no new revenue for the next flight, nor for quite a few flights after that if the founders take priority!Edit to add: Doh! It was probably held in escrow, so VG can recognise the revenue now. Anyway, it’s clear that VG is not going to get anywhere near cash flow positive until Delta class starts flying.
(2) Cash, Cash Equivalents and Marketable SecuritiesThe Company maintains certain cash balances restricted as to withdrawal or use. Restricted cash consists of cash deposits received from future astronauts that are contractually restricted for operational use until the condition of carriage is signed or the deposits are refunded.
It’s giving #Galactic03 spaceflight week! 🤩
L-3! Tailcone views as we continue to prepare for the #Galactic03 mission currently on schedule for this Friday, September 8.
POV: It’s L-2 and today’s agenda includes G Awareness Training in an aerobatic aircraft. #Galactic03
Another day of spaceflight training in the books! 📚 A message from Astronaut Instructor Colin Bennett. Let’s go, #Galactic03!
Preparations are well underway for today’s #Galactic03 spaceflight in the hangar. Take-off is scheduled for 8:30am MDT. Stay tuned for live updates on X.
Today’s a great day to go to space! VSS Unity and our #Galactic03 crew are on schedule to take-off from @Spaceport_NM.
Today’s #Galactic03 mission will mark our:◆ 8th spaceflight◆ 4th spaceflight in 2023◆ 3rd commercial spaceflight
For the newcomers, here's a refresher on our flight profile. #Galactic03
We have take-off at 8:34am MDT 🤩 #Galactic03
Release, release, release! #VSSUnity has successfully released from our mothership #VMSEve and ignited the rocket motor. #Galactic03
So this is first time that a spaceflight happens where not all crew members have been announced publicly.
