Virgin Galactic’s commercial launch on track for 2023

Virgin Galactic’s commercial launch on track for 2023

Virgin Galactic Holdings Inc., SPCE, said its commercial service launch is on track for the second quarter of 2023, which is the second quarter of 2023.

What Happened: Billionaire Richard Branson s aerospace company suspended flights of the spaceplane VSS Unity and its carrier plane VMS Eve in order to make enhancements in 2021. Since then, the company's commercial service launch has been on hold.

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The enhancements are nearing completion and the company is on track to make its debut customer mission to space by the second quarter.

The company s financial results for the fourth quarter and full year ended December 31, 2022 were announced after the enhancement program complete and validation flights begin in the second quarter of 2023, Chief Executive Officer Michael Colglazier said.

Colglazier said it was great to see our mothership back in the skies, and that we are thrilled that VMS Eve has rejoined spaceship Unity back home at Spaceport America. Why is it important to note that the two flights, VSS Unity and VMS Eve, have had four spaceflights so far. In July 2021, the spaceflight carried Branson and three other passengers to space from New Mexico.

Virgin Galactic will embark on a research mission for the Italian Air Force before the upcoming first commercial mission. The mission was originally scheduled for mid-October 2021. The mission has been postponed multiple times since then.

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