Virgin Galactic’s CEO Michael Colglazier has told shareholders the company will be a powerhouse in space travel, despite reporting a net loss of US$84 million in Q1 2024.

Virgin Galactic is on track to commence commercial spaceflights aboard its Delta Class spaceships in 2026, with the space travel company seeking to raise US$300 million in funding to further accelerate its growth plans.

Space Perspective, the world’s first stratospheric balloon flight experience company, has revealed that Sir Richard Branson will serve as co-pilot on its first crewed flight, bringing his unparalleled ballooning experience that led to record-breaking Atlantic and Pacific Ocean crossings to the organisation.

After a series of successful commercial spaceflights in 2023 and earlier this year, Virgin Galactic is proudly boasting that it’s operation now accounts for about 5% of the very small number of people who have ever been into space.

Virgin Galactic completed its 12th mission to date last weekend, carrying one researcher and three private astronauts.

Virgin Galactic will look to reignite its commercial spaceflight operations next month, announcing plans for hybrid research/private astronaut crew for ‘Galactic 07’.

Virgin Galactic completed its first spaceflight of 2024 and 11th mission to date, successfully last Friday [26 January 2024]. The latest mission comes as Richard Branson’s space venture confirmed its Delta-class spacecraft won’t begin test flights until early 2025 and their commercial services won’t begin until a year later.

The launch window for Virgin Galactic’s first space flight launch of 2024 remains open for tomorrow, Friday 26 January 2024, from Spaceport America.

Virgin Galactic has confirmed plans to launch its next spaceflight, ‘Galactic 06’, on or around 26 January 2024. The upcoming spaceflight comes after the listed company successfully operated six suborbital flights in six months this year, the latest being in early November which carried three customers, only one of which was a private astronaut.

Virgin Galactic has this week launched a new ‘NXTGEN Astronaut’ program, appearing to strategically target an audience of those who had previously registered interest in the space program with the publically listed company.

Virgin Galactic Holdings successfully operated its fifth space mission in five months, ‘Galactic 04′, last Friday from Spaceport America.

Virgin Galactic has flagged an early October space mission for its third paying passenger flight after its fourth successful spaceflight in four months was carried out on Friday [8 September 2023].