Live updates: Virgin Galactic completes initially commercial spaceflight

Live updates: Virgin Galactic completes initially commercial spaceflight


People today react as the passenger rocket airplane operated by Virgin Galactic can take off, during the company’s first commercial flight to the edge of space, at the Spaceport America facility, in Fact or Penalties, New Mexico, U.S., June 29, 2023. 

Jose Luis Gonzalez | Reuters

Area tourism business Virgin Galactic, established by Sir Richard Branson in 2004, accomplished its long-awaited to start with professional spaceflight, identified as “Galactic 01,” on Thursday.

Having off from Spaceport The united states in New Mexico, the firm’s spacecraft was flown by a pair of pilots and carried four passengers: A Virgin Galactic coach, to oversee the mission from inside the cabin, and its very first trio of paying shoppers. The a few paying out passengers are customers of the Italian Air Pressure. The flight also carried 13 research payloads onboard.

Virgin Galactic’s begin to professional company arrives soon after yrs of delays and setbacks. The firm previously stated if “Galactic 01” was a good results, it would approach to fly its second mission as before long as August and then intention to start out flying its spacecraft, VSS Unity, the moment a month.

Sign up right here to get weekly editions of CNBC’s Investing in Room e-newsletter.

The business proceeds to raise capital to fund progress of its coming Delta course of spacecraft, aiming to create a fleet of cars that can each and every fly at least when a week.

Virgin Galactic has a backlog of about 800 travellers. A lot of of these tickets were marketed at charges amongst $200,000 and $250,000 each over a 10 years in the past, but the organization reopened ticket revenue two many years in the past – with pricing beginning at $450,000 for each seat.



Supply

Gold, silver prices fall after CME raises precious metals margins — again
World

Gold, silver prices fall after CME raises precious metals margins — again

One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices lost ground on Wednesday as investors booked profits after a historic annual rally and exchange […]

Read More
Retail investors close out one of their best years ever. How they beat Wall Street at their own game
World

Retail investors close out one of their best years ever. How they beat Wall Street at their own game

A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images Retail investors have had a gangbuster year in 2025. Mom-and-pop investors bought the dip at key points this year, providing strong returns as the market climbed to all-time highs. Once thought of as unsophisticated and easily duped, […]

Read More
Champagne sales surge at New Year — but labor abuses and tariffs have clouded the industry
World

Champagne sales surge at New Year — but labor abuses and tariffs have clouded the industry

Bulgarian grape harvesters work in the vineyards of Chateau de Meursault in Meursault, in the Burgundy region of central-eastern France, on August 26, 2025. (Photo by ARNAUD FINISTRE / AFP) (Photo by ARNAUD FINISTRE/AFP via Getty Images) Arnaud Finistre | Afp | Getty Images It’ll come as no surprise that sales of Champagne peak in […]

Read More