Branson

Following Richard Branson’s announcement of halting further financial contributions, the stock price of Virgin Galactic experienced a significant drop of over 17% by Monday’s close. This latest complication adds to a series of challenges the company has faced, including recent layoffs and a suspension of commercial flights.“Even AI Rappers are Harassed by Police” | AI UnlockedSpeaking to the Financial Times, Virgin Galactic’s founder revealed his decision to stop funding Virgin Galactic. He cited post-pandemic financial…

Billionaire Richard Branson said his space travel company Virgin Galactic “should” have “sufficient funds” without his investment Saturday. “We don’t have the deepest pockets after Covid, and Virgin Galactic has got $1bn, or nearly. It should, I believe, have sufficient funds to do its job on its own,” Branson told the Financial Times. Branson has made a decision to not add more money to the Virgin Galactic business, according to FT. His announcement comes only a little over two years after he went to…

Billionaire Richard Branson's space-tourism venture, Virgin Galactic Holdings, which has been bravely looking to get back on equal footing with Elon Musk led SpaceX and Jeff Bezos' Blue Origin, has finally announced the date for the launch of the company's first commercial passenger flight. Over the last year or so, Virgin had been left trailing both SpaceX and Blue Origin due to innumerable delays that dogged its flight schedule. The company had famously flown Branson to space in July 2021, but failed to do a widely…

Carrier aircraft VMS Eve is seen in the background shortly after releasing VSS Unity, which is firing its engine and acclerating during the company's fourth spaceflight test, Unity 22, carrying founder Richard Branson on July 11, 2021.Virgin GalacticVirgin Galactic is targeting as early as May 25 for the launch of its next spaceflight, which marks both its first in nearly two years since flying founder Sir Richard Branson and its planned last step before beginning commercial service.Called Unity 25, the mission represents…

After flying its founder Richard Branson to space, Virgin Galactic is restarting ticket sales beginning at $450,000 (roughly Rs. 3 crores), the company announced Thursday.The new price is about double the $200,000 (roughly Rs. 1.4 crores) to $250,000 (roughly Rs. 1.8 crores) paid by around 600 people who previously booked seats on Virgin's spaceship between 2005 and 2014, as the company looks to cash in on the success of last month's fully-crewed test flight."We are excited to announce the reopening of sales effective…

Virgin Group founder and owner Richard Branson during Virgin Orbit’s Tubular Bells: Part One mission on June 30, 2021.Photo: Virgin OrbitVirgin Investments Limited has pumped $55 million into Virgin Orbit since November of last year, in what is a troubling sign for the fledgling satellite launch company.Cash flow problems, an achingly slow launch cadence, and a botched satellite delivery in January—these are a few of our not-so-favorite things when it comes to Virgin Orbit these days. The Richard Branson-owned company is…

The UK issued its first-ever spaceport license to a launch hub in England, paving the way for a mission by Richard Branson’s Virgin Orbit Holdings. The UK issued its first-ever spaceport license to a launch hub in southwest England, paving the way for a mission by billionaire Richard Branson's Virgin Orbit Holdings Inc. later this month.The UK Civil Aviation Authority issued a license for Spaceport Cornwall, approving its infrastructure, equipment and services after a sign off from Transport Secretary Mark Harper,…

A New York federal judge ruled Richard Branson must face a shareholder suit alleging he concealed safety problems with Virgin Galactic Holdings Inc.’s space program. A New York federal judge ruled Richard Branson must face a shareholder suit alleging he concealed safety problems with Virgin Galactic Holdings Inc.'s space program and sold hundreds of millions of dollars of shares. While most of the claims in the suit were dismissed, US District Judge Allyne Ross in Brooklyn said the shareholders can proceed in trying…