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Delta Class

All articles tagged with #delta class

spaceflight2 years ago

Virgin Galactic's VSS Unity Space Plane Grounded in 2022, Stock Soars

Virgin Galactic's VSS Unity space plane will be grounded until January 2024 and will fly just once or twice more before being permanently grounded in mid-2024. This move is to free up resources for the development of the next-generation suborbital vehicle, the Delta class. The Delta craft will have a higher flight cadence and revenue generation potential compared to Unity. Virgin Galactic aims to begin flight tests of the first Delta spacecraft in 2025 and bring it into service in 2026. The company also announced layoffs of about 18% of its workforce to decrease costs and strategically realign resources.

via Space.com|
#delta-class#financial-transition#spaceflight
space2 years ago

Virgin Galactic Streamlines Operations and Cuts Staff to Prioritize Next-Generation Spacecraft

Virgin Galactic has announced a strategic realignment of resources and a workforce reduction as it focuses on the development of its next generation of suborbital spaceplanes, known as the Delta class. The company did not disclose the number of employees being laid off but stated that the layoffs and expense reductions are aimed at conserving funding and reducing reliance on unpredictable capital markets. Virgin Galactic reported having $980 million in cash and equivalents at the end of the second quarter and expects the Delta vehicles to enter service in 2026.

via SpaceNews|
#cost-reduction#delta-class#layoffs
space2 years ago

Virgin Galactic's Future Spaceplanes and Return to Space.

Virgin Galactic is preparing for its first commercial flight, called Galactic 01, in late June, following a successful glide flight by VSS Unity on April 26. The company is also providing new details about its next generation of vehicles, the Delta class of suborbital spaceplanes, which it expects to put the company on a path to profitability. With a ticket price of at least $450,000 per customer, Virgin Galactic expects to generate a minimum of $2.7 million in revenue per flight. The company expects to start assembling the first Delta-class vehicles at a new factory near Phoenix in 2024, with test flights in 2025 and commercial service projected to start in 2026.

via SpaceNews|
#commercial-flights#delta-class#profitability