The Edge
Virgin Galactic launches tourists to space for the first time
[The livestream is slated to begin at 11 a.m. ET. Please refresh the page if you do not see the video player above.] Virgin Galactic flew its second commercial spaceflight on Thursday, its first carrying private-paying tourists. Called Galactic 02, the flight launched from Spaceport America in New Mexico. The company’s spacecraft was flown by […]
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Viasat revenue grows as investigation continues into malfunctioning $750 million satellite
Viasat offices are shown at the company’s headquarters in Carlsbad, California, March 9, 2022. Mike Blake | Reuters Viasat reported a jump in quarterly revenue Wednesday, as the company continues to investigate its recent satellite malfunction and explores options to make up for some of the service it expected to add this year. The company, […]
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Rocket Lab results match Wall Street estimates, company adds contracts for 10 launches
Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street’s expectations, and the company said it added contracts for 10 more launches in 2023 and 2024. “The second quarter saw strong performance across Rocket Lab’s launch and space systems businesses with three successful Electron [rocket] launches, more than 17 spacecraft featuring Rocket Lab […]
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Space company Redwire trims quarterly losses, builds order backlog past $270 million
A Redwire Corporation banner is displayed at the New York Stock Exchange, Sept. 8, 2021. Source: NYSE Space infrastructure company Redwire said Monday that it nearly erased its net losses during the second quarter and further grew its contract backlog. Redwire brought in $60.1 million in second-quarter revenue, up 64% from the same period a […]
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Boeing resets Starliner plan to be ready for first NASA crew flight by March
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. Boeing Boeing said Monday it aims to be ready to fly NASA astronauts with its Starliner capsule for the first time by March, resetting its timeline after the company delayed a planned launch this […]
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Astra conducts layoffs, raises debt and shifts focus to spacecraft engines in bid to survive
An Astra Spacecraft Engine during testing. Astra Struggling space company Astra is cutting 25% of its workforce, the company announced on Friday, and restructuring to focus more on its spacecraft engine business, which will delay progress on the small rocket it has been developing. Astra is cutting about 70 employees, as well as reallocating about […]
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Virgin Galactic banks $2 million in quarterly revenue after first commercial spaceflight
VMS Eve, operated by Virgin Galactic, returns after the company’s first commercial flight to the edge of space, at the Spaceport America facility, in Truth or Consequences, New Mexico, U.S., June 29, 2023. Jose Luis Gonzalez | Reuters Virgin Galactic reported second-quarter losses on Tuesday that were slightly wider the year-ago period, as the space […]
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Planet lays off about 10% of workforce as satellite imagery company restructures
Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Spencer Platt | Getty Images Satellite-imagery and data-analysis company Planet is restructuring and laying off 117 employees, it announced on Tuesday. The layoffs affect about 10% of Planet’s approximately 1,000 employees. “This action was taken […]
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SpaceX came close to breaking a 56-year rocket record with back-to-back launches
(L)A SpaceX Falcon Heavy rocket stands at pad 39A at the Kennedy Space Center several hours before a scheduled launch in Cape Canaveral, Florida, and (R) A Falcon 9 rocket stands at Cape Canaveral’s SLC-40 pad. Getty (L) | SpaceX (R) SpaceX on Thursday night came close to breaking a record that’s stood for over […]
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Boeing’s Starliner losses total $1.5 billion with NASA astronauts still waiting to fly
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing on Wednesday reported a $257 million charge in the second quarter for its Starliner astronaut spacecraft program, bringing the program’s to-date overrun costs to $1.5 billion as delays continue. The aerospace giant […]
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