#virgingalactic

[ipconsultinggroup-1]

🎯 Boeing Virgin Galactic settle lawsuit over work on Virgin mothership

On October 3, Boeing (BA.N) and Virgin Galactic (SPCE.N) reached a settlement in a lawsuit related to Boeing's work on Virgin Galactic's space tourism "mothership." A filing in a Virginia federal court on Thursday confirmed the case had been resolved following a settlement conference earlier that day. Both Virgin Galactic's attorney, Brett Williamson, and Boeing stated in emails that the dispute had been "satisfactorily resolved by mutual agreement of the parties."

The companies did not disclose further details about the settlement. Virgin Galactic's mothership, a jet carrier, launches sightseeing spacecraft into suborbital space. The company completed its first commercial flight last year. In 2022, Virgin Galactic signed a contract with Boeing's Aurora Flight Sciences to assist in designing a new mothership. However, Boeing later stated that the project would be more costly and take longer to develop than initially anticipated.

In March, Boeing filed a lawsuit against Virgin Galactic, accusing the company of stealing trade secrets and failing to pay $25 million owed for Boeing's work. The lawsuit alleged that Virgin had taken proprietary information, including test data and mathematical equations, from Boeing. In response, Virgin countersued in California in April, claiming that Boeing delivered "shoddy and incomplete work" on the aircraft. Virgin argued it was entitled to monetary damages of at least the difference between the $45.6 million it had paid Boeing and the significantly lower actual value of Boeing's performance.

Virgin Galactic dismissed its California lawsuit in June, opting to pursue its claims within the Virginia case. A jury trial for the Virginia case was scheduled to begin in December. The case is titled The Boeing Company and Aurora Flight Sciences Corp v. Virgin Galactic LLC, filed in the U.S. District Court for the Eastern District of Virginia under case number 1:24-cv-00456. Boeing's legal team includes Stephen Cowen, Brian Rabbitt, and Megan Lacy Owen from Jones Day.

[enterprisewired]

Virgin Galactic Implements Workforce Reduction as Focus Shifts to Next-Generation Suborbital Vehicle

Virgin Galactic has made the strategic decision to reduce its workforce and cut down on expenses as it shifts its attention towards the development of the Delta class of suborbital spaceplanes. This move is aimed at conserving resources and prioritizing the company’s future endeavors.

While specific details, such as the number of employees being affected, were not provided, the company mentioned that the process of notifying impacted employees is ongoing. Further information on these changes will be presented during the company’s scheduled earnings call on November 8.

The company also disclosed that its facilities would remain closed for the week. According to Virgin Galactic’s annual report filed with the Securities and Exchange Commission in February, the company had 1,166 employees as of the end of 2022.

The Focus on Delta Class

Michael Colglazier, CEO of Virgin Galactic, highlighted that these workforce reductions and cost-cutting measures are in alignment with the company’s commitment to preserving its financial resources for the development of the Delta class of spaceplanes. The Delta vehicles are envisioned to offer more frequent and cost-effective suborbital flights, distinguishing them from the existing SpaceShipTwo suborbital vehicle, VSS Unity.

Colglazier also pointed out the “uncertainty” in the markets, attributing it to high-interest rates and geopolitical events. He emphasized that such uncertainty has made it less favorable to access capital in the near term. In light of this, the company aims to direct its resources towards the Delta program, while streamlining and minimizing activities outside this program.

In his message to employees, Colglazier stated, “The Delta ships are powerful economic engines,” and continued, “To bring them into service, we need to extend our strong financial position and reduce our reliance on unpredictable capital markets. We will accomplish this, but it requires us to redirect our resources toward the Delta ships while streamlining and reducing our work outside of the Delta program.”

Financial Snapshot and Future Projections

Virgin Galactic reported having $980 million in cash and equivalents at the close of the second quarter of the current year, coinciding with a net loss of $134.4 million. Although the estimated costs for developing the Delta vehicles were not disclosed, the company anticipates their entry into service by 2026. While the existing VSS Unity can accommodate up to four customers per monthly flight, the company projects only limited revenue from it.

Previous Cost-Cutting Measures

The company had previously implemented cost-saving measures, including delaying work on a new line of mothership aircraft by approximately a year, which are responsible for carrying the Delta-class spaceplanes into the air. The decision was made considering the possibility of utilizing the current mothership aircraft, VMS Eve, for test flights of Delta-class vehicles. Virgin Galactic had also deprioritized the introduction of another spaceplane, VSS Imagine, before the rollout of the Delta line of vehicles.

It remains to be seen how these workforce reductions will impact the operations of VSS Unity, especially after it recently completed its fifth commercial flight, Galactic 05, carrying two researchers and a private astronaut. With VMS Eve, both vehicles are now set to undergo annual maintenance, with flights resuming in January, as announced by the company.

Virgin Galactic is navigating through a crucial phase in its journey, making tough decisions to ensure it remains on track for its ambitious plans in the space tourism industry. The strategic realignment underscores the challenges and uncertainties that are often associated with groundbreaking endeavors in space exploration.

Also Read: Nokia Announces Significant Workforce Reduction Amid Challenging Market Conditions

[cristalgarciarealty]

🏡🎈509 Corbett St. in T-or-C!🌳2660 Sq.Ft. / 0.28 Acres / Solar Panels☀️

[jjbizconsult]

Virgin Galactic News: Exciting First Tourist Flight to Space

Virgin Galactic News: Exciting First Tourist Flight to Space. Exciting First Tourist Flight to Space Virgin Galactic successfully completed its second commercial spaceflight on Thursday, the first to carry private-paying tourists. The flight, called Galactic 02, launched from Spaceport America in New Mexico and carried four people, including two pilots, a Virgin Galactic chief astronaut…

[todayonglobe]

Virgin Galactic Successfully Completes their Historic Commercial Spaceflight

Virgin Galactic and Richard Branson made history with the successful completion of their first-ever commercial spaceflight, carrying research payloads and a crew from the Italian Air Force and the National Research Council of Italy.

Read more:👇

[biglisbonnews]

Virgin Orbit's share price hit a new record low in the wake of mass layoffs Richard Branson’s rocket company is running out of fuel.Read more... https://qz.com/virgin-orbit-layoffs-share-price-record-low-1850286832

[bannerorgin]

#kalpanachawla #nasa #space #sunitawilliams #astronaut #india #isro #sirishabandla #kalpanachawala #physics #spacex #follow #ramanujan #feynman #womenempowerment #instagood #virgingalactic #astrophysics #science #inspiration #esa #motivation #likeforlikes #modeling #followforfollowback #quantumphysics #kiranbedi #k #relativity #women https://www.instagram.com/p/Cp4jSm_Lshk/?igshid=NGJjMDIxMWI=

[sifytech]

The Sky is NOT the Limit!

SpaceX? Virgin Galactic? Blue Origin? Adarsh explores the upcoming plans for commercial space travel. Read More. https://www.sify.com/science-tech/the-sky-is-not-the-limit/

[spacedazetx]

Hope you had a Happy Valentines Day from Space Daze #valentines #spacedaze #valentinesday #valentinesday2023 #bemyvalentine #bemine #love #astronaut #nasa #spacex #virgingalactic #ufo #uap #cia #fbi #nsa #intelligence #fyp #fypシ #fypage #fypppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp #followforfollowback #follow #followtrain #folow4folow #followforlike #followfor #follower #followers #followersinstagram https://www.instagram.com/p/CoshW_Epvvy/?igshid=NGJjMDIxMWI=

[rsabmp]

भारत की महान बेटी-कल्पना चावला करना, हरियाणा, भारत में जन्मी थी। उनका जन्म 17 मार्च सन् 1962 में हुआ था। उनके पिता का नाम श्री बनारसी चावल लाला और माता का नाम संजयोती देवी था। वह अपने परिवार की चार बहनो में सबसे छोटी थी। घर में सब उसे प्यार से मोंटू कहते थे। कल्पना की शुरुआती पढ़ाई "टैगोर बाल निकेतन" में हुई है। कल्पना जब आठवीं कक्षा में पहुचीं तो वे इंजीनियर बनने की इच्छा प्रकट की। उसकी मां ने अपनी बेटी की भावनाओं को समझा और आगे बढ़ने में मदद की। पिता उन्हें चिकित्सक या शिक्षिका ��नाना चाहते थे। चंचलता बचपन से ही अंतरिक्ष में घूमने की कल्पना करती थी। वैमानिक अभियान्त्रिकी में पंजाब इंजिनियरिंग कॉलेज, चंडीगढ़, भारत से करते हुए 1982 में अभियांत्रिकी स्नातक की डिग्री प्राप्त की।[6] वे संयुक्त राज्य अमेरिका के लिए 1982 में चले गए और 1984 वैमानिक अभियान्त्रिकी में विज्ञान निष्प्रभावी की डिग्री टेक्सास विश्वविद्यालय आर्लिंगटन से प्राप्त की । फंतासी जी ने 1986 में दूसरी विज्ञान निष्प्रभावी की डिग्री पाई और 1988 में कोलोराडो विश्वविद्यालय बोल्डर से वैमानिक अभियंत्रिकी में विद्या वाचस्पति की डिग्री पाई। जी को हवाईजहाजों, ग्लाइडर और व्यावसायिक विमानचालन के लाइसेंस के लिए प्रमाणित उड़ान निर्देश का अधिकार कल्पना प्राप्त थी। उन्हें एकल और बहु इंजन वायुयानों के लिए पेशेवर विमान चालकों का लाइसेंस भी प्राप्त था। अन्तरिक्ष यात्री बनने से पहले वो एक सुप्रसिद्ध नासा कि वैज्ञानिक था। जी मार्च 1995 में नासा के अंतरिक्ष यात्री कोर में शामिल हुए और वे 1997 में अपनी पहली उड़ान के लिए कल्पना में तारीख गए थे। उनका पहला अंतरिक्ष मिशन 1997 को छह अंतरिक्ष यात्री दल के हिस्से के रूप में अंतरिक्ष शटल कोलंबिया की उड़ानें एस-87 से शुरू हुईं। कल्पना जी अंतरिक्ष में उड़ने वाली प्रथम भारत में जन्मी महिला थीं और अंतरिक्ष में रहने वाले भारतीय मूल की दूसरी व्यक्ति थीं। राकेश शर्मा ने 1984 में सोवियत अंतरिक्ष यान में एक उड़ान भरी थी। कल्पना जी अपने पहले मिशन में 1.04 करोड़ किलोमीटर या 65 लाख मील का सफ़र तय कर के 365 घंटे में पृथ्वी की 252 परिक्रमाओं कीं। #kalpanachawla #nasa #space #indian #astronaut #india #isro #spacesuit #indiandaughter #physics #spacex #follow #ramanujan #feynman #womenempowerment #instagood #virgingalactic #astrophysics #science #inspiration #esa #motivation #likeforlikes #modeling #followforfollowback #quantumphysics #galaxy #star #relativity #women (at Kanpur, Uttar Pradesh) https://www.instagram.com/p/CoHWMkpJWwo/?igshid=NGJjMDIxMWI=

[outer-space-youtube]

Virgin Galactic Commercial Mission!

FINALLY!! Virgin Galactic launches first ever commercial mission!! LIVE COVERAGE!  Virgin Galactic finely took flight; the passengers boarded the small craft strapped to a double wide high-altitude jet, and weighted… https://www.virgingalactic.com/  It looks like they flew around for ‘hours’ until the space ship 2 was let go from the Carrier Jet that carid the space ship to a high enough…

[stormbear]

Perfect flight for #Galactic04 and @virgingalactic

#newmexico #spaceportamerica #spacevalley #truthorconsequences #virgingalactic #bejealous

[spacemen2001]

Virgin Galactic llevó al espacio a sus tres primeros turistas | El Tiempo

Virgin Galactic lleva al espacio los primeros Turistas Espaciales

Reportaje de El Tiempo de Colombia

#tecnología #ciencia #TurismoEspacial #VirginGalactic #ElTiempoColombia

https://youtube.com/watch?v=qXgKWdIUk1g&feature=share

[jjbizconsult]

Virgin Galactic: The First Steps to Space Tourism

[spacenutspod]

Virgin Galactic sent its first privately funded adventurers — and its first space sweepstakes winners — past the 50-mile space boundary today. The tourists on the suborbital space trip known as Galactic 02 included Keisha Schahaff, who won two tickets in an online contest organized by the Omaze charity sweepstakes platform and a nonprofit group called Space for Humanity in 2021. She and her daughter, Anastatia Mayers, became the first mother-and-daughter duo to share a spaceflight, and the first spacefliers from the Caribbean island nation of Antigua and Barbuda. “I kind of feel like I was born in this life for this,” Schahaff, a wellness coach, told NBC’s “Today” show. Her daughter is a college student who aims to become an astrobiologist. Jon Goodwin — an 80-year-old British adventurer who competed as a canoeist in the 1972 Olympics — also broke barriers on today’s Galactic 02 flight. In 2005, he was one of the first customers to reserve a spot with Virgin Galactic, back when the price was $200,000. Then, almost a decade ago, he was diagnosed with Parkinson’s disease. Today he became only the second person with Parkinson’s to take a space trip. (The first was NASA shuttle astronaut Rich Clifford.) “When I was diagnosed with Parkinson’s, I thought, ‘Well, that’s it. They’re not going to accept me any longer,'” Goodwin said before the flight. “The fact that I am now one of three [on] the first commercial trip to go into space, with suffering with Parkinson’s for nine years, just shows you this attitude of ‘Space for All’ is a wonderful attitude.” Rounding out the crew were Virgin Galactic pilots C.J. Sturckow and Kelly Latimer, and chief astronaut instructor Beth Moses. This was the first spaceflight for Latimer. Today’s flight profile followed the routine that was set during Virgin Galactic’s test flights, plus a research mission known as Galactic 01 that was flown for the Italian Air Force in June. The SpaceShipTwo rocket plane known as VSS Unity was slung underneath its twin-fuselage carrier airplane, VMS Eve, for takeoff from Spaceport America in New Mexico at 8:30 a.m. MT (14:30 UTC). About 47 minutes later, Unity was released from Eve at an altitude of 44,300 feet and fired up its rocket motor for the climb to a maximum height of a little more than 290,000 feet (55 miles, or 88.4 kilometers). That altitude exceeded the 50-mile space boundary as defined by NASA and the Federal Aviation Administration — but stayed below the internationally recognized 100-kilometer (62-mile) space boundary known as the Karman Line. At the top of the ride, the riders in Unity’s passenger cabin unstrapped themselves from their seats and experienced a few minutes of weightlessness. They also marveled at views of a curving Earth beneath the black sky of space. They returned to their seats for the high-G descent — and then unfurled an Antiguan flag to celebrate their milestone. Virgin Galactic’s webcast showed a crowd of well-wishers on Antigua cheering on the spacefliers — and one of those well-wishers was the company’s billionaire founder, Richard Branson. Proud to be in Antigua and Barbuda to watch today's historic @virgingalactic spaceflight alongside astronauts Keisha and Anastatia’s family and friends. Big hugs with Keisha's mum Florence! #Galactic02 https://t.co/1313b4AxII pic.twitter.com/4cVnfltXjx— Richard Branson (@richardbranson) August 10, 2023 Unity glided to a landing back at Spaceport America a little bit after 9:30 a.m. MT (15:30 UTC). The carrier aircraft, piloted by Nicola Pecile and Mike Masucci, touched down minutes later. Although this was the first Virgin Galactic mission to carry crew members who could be considered space tourists, the first crewed flight of Blue Origin’s New Shepard suborbital spaceship set an earlier precedent. That flight carried an 18-year-old Dutch student named Oliver Daemen, whose family paid an undisclosed fare for the trip. Mayers is also 18, and is now the youngest woman to take a suborbital spaceflight. The post Virgin Galactic Flies Its First Privately Funded Space Tourists appeared first on Universe Today.