Virgin Galactic launches tourists to space for the first time

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 a pair of pilots – CJ Sturckow and Kelly Latimer – and carried four other people: Virgin Galactic chief astronaut trainer Beth Moses, to oversee the mission from inside the cabin, and a trio of passengers.

The three customers onboard Galactic 02 were British former Olympian Jon Goodwin and two passengers from the Caribbean, Keisha Schahaff and Anastatia Mayers, who won seats through a charity fundraising drawing by nonprofit Space for Humanity.

The flight takes customers past an altitude of 80 kilometers, or about 262,000 feet — what the U.S. recognizes as the boundary of space.

The mission is Virgin Galactic’s seventh spaceflight to date, and its third since May. The company aims to fly spacecraft VSS Unity at a rate of once a month and is developing a fleet of spacecraft called “Delta-class,” planned to debut in 2026, to fly at a weekly rate.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

Virgin Galactic uses a two-step system known as “air launch” to fly its passengers on a suborbital spaceflight. 

This type of spaceflight gives passengers a couple of minutes of weightlessness, unlike the much longer, more difficult and more expensive private orbital flights conducted by Elon Musk’s SpaceX. During Virgin Galactic’s second-quarter earnings call, CEO Michael Colglazier addressed concerns about extreme tourism experiences in the wake of the Titan submersible tragedy earlier this year.

“We did not, in fact” see any fallout from Virgin Galactic customers, Colglazier said.

The company completed its first commercial spaceflight, the Galactic 01 mission, in June carrying members of the Italian Air Force.

Virgin Galactic has a backlog of about 800 passengers. Many of those tickets were sold at prices between $200,000 and $250,000 over a decade ago, but the company reopened ticket sales two years ago, with pricing beginning at $450,000 per seat.



Source

Walmart will report earnings before the bell. Here’s what to expect
Business

Walmart will report earnings before the bell. Here’s what to expect

The logos of Walmart and Sam’s Club are pictured in Cuautitlan Izcalli, Mexico, January 30, 2025. Raquel Cunha | Reuters Walmart will report quarterly earnings on Thursday, as economists and investors try to gauge how U.S. consumers are responding to President Donald Trump’s decision to raise tariffs on dozens of countries across the globe. Here’s […]

Read More
As Target chases a comeback, its new CEO must take on skeptical investors and customers
Business

As Target chases a comeback, its new CEO must take on skeptical investors and customers

People walk by a Target store in midtown Manhattan in New York City, March 21, 2025. Kylie Cooper | Reuters When Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors. Its fiscal second-quarter results posted Wednesday illustrated the […]

Read More
How hurricane resilience for commercial real estate is leveraging drones and AI
Business

How hurricane resilience for commercial real estate is leveraging drones and AI

A screenshot of Site Technologies’ commercial real estate risk assessment tools. Courtesy of Site Technologies A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]

Read More