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Virgin Galactic’s New Spacecraft On Track for 2026

Space tourism company Virgin Galactic Holdings Inc. says its passenger-carrying Delta spacecraft is on track to start commercial service in 2026, replacing the current Unity model.

The company (NYSE: SPCE) said it will send Unity aloft for its final ride as early as June 8, its seventh commercial flight.

Chief Executive Michael Colglazier told financial analysts on a May 7 conference call that Unity “has served Virgin Galactic incredibly well.”

Shortly before the call, Virgin Galactic said first-quarter revenue had climbed to $2 million from just under $400,000 in the same period a year earlier.

Revenue is expected to climb further to $3.5 million in the current quarter.

Profitability Question

When Virgin Galactic may reach profitability remains an open question.

One way the company is seeking to streamline operations is the opening of a test facility in Irvine, for various components of the new Delta spaceships.

Virgin Galactic Spaceline President Mike Moses said the site will be “shaving years off the development timeline we saw with VSS Unity.”

The company will also keep its Eve mother ship—the giant twin-fuselage plane that launches the spacecraft—running strong with 125 flights per year.

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Sonia Chung
Sonia Chung
Sonia Chung joined the Orange County Business Journal in 2021 as their Marketing Creative Director. In her role she creates all visual content as it relates to the marketing needs for the sales and events teams. Her responsibilities include the creation of marketing materials for six annual corporate events, weekly print advertisements, sales flyers in correspondence to the editorial calendar, social media graphics, PowerPoint presentation decks, e-blasts, and maintains the online presence for Orange County Business Journal’s corporate events.
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