The sad story of Virgin Galactic
Link here. This so-called suborbital space tourism company, which for years has promised to fly tourists on suborbital flights to space but failed to do so, appears now to be trying to shift gears and instead make itself into a company building supersonic airplanes.
Richard Branson’s dream of a suborbital Virgin Galactic vehicle zipping passengers between distant cities at hypersonic speeds above Mach 5 (6,174 km/h, 3,836 mph) is dead. At least for now.
In August, the space tourism company he founded pivoted to a slower supersonic Mach 3 (3,704 km/h, 2,302 mph) business jet. Virgin Galactic unveiled a mission concept for an aircraft that would carry 9-19 passengers at a cruising altitude of 60,000 ft (18,288 m).
Since Branson began selling off his stock in May and became a minority owner in the company, the new management has apparently shifted its focus away from suborbital space tourism to building a supersonic airplane for commercial travel on Earth.
The problem is that there are already a lot of companies working to do this, and Virgin Galactic is in last place, even as it scrambles to find new investment capital simply to begin development.
After sixteen years, this company has so far accomplished nothing, while spending probably more than $2 billion in private capital. It now wants more, even as Richard Branson has sold off his stock at a nifty profit. (I am no stock market expert, but if I has any interest in buying stock (I do not), this would not be the stock I’d buy.)
Branson however is not entirely off the hook. His entire empire, built on transportation and tourism, is in big trouble because of the Wuhan panic. It might now all collapse, tragically crashing to Earth as did the first SpaceShipTwo several years ago.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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Link here. This so-called suborbital space tourism company, which for years has promised to fly tourists on suborbital flights to space but failed to do so, appears now to be trying to shift gears and instead make itself into a company building supersonic airplanes.
Richard Branson’s dream of a suborbital Virgin Galactic vehicle zipping passengers between distant cities at hypersonic speeds above Mach 5 (6,174 km/h, 3,836 mph) is dead. At least for now.
In August, the space tourism company he founded pivoted to a slower supersonic Mach 3 (3,704 km/h, 2,302 mph) business jet. Virgin Galactic unveiled a mission concept for an aircraft that would carry 9-19 passengers at a cruising altitude of 60,000 ft (18,288 m).
Since Branson began selling off his stock in May and became a minority owner in the company, the new management has apparently shifted its focus away from suborbital space tourism to building a supersonic airplane for commercial travel on Earth.
The problem is that there are already a lot of companies working to do this, and Virgin Galactic is in last place, even as it scrambles to find new investment capital simply to begin development.
After sixteen years, this company has so far accomplished nothing, while spending probably more than $2 billion in private capital. It now wants more, even as Richard Branson has sold off his stock at a nifty profit. (I am no stock market expert, but if I has any interest in buying stock (I do not), this would not be the stock I’d buy.)
Branson however is not entirely off the hook. His entire empire, built on transportation and tourism, is in big trouble because of the Wuhan panic. It might now all collapse, tragically crashing to Earth as did the first SpaceShipTwo several years ago.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
I don’t know if Virgin Galactic is in last place on development. Their subsidiary – The Spaceship Company, is partnered with a company called Boom Technology out of Colorado which will be testing their scaled down Mach 2 plane called “Baby Boom” next year. Boom Technologies is planning on making a full size 55-seat plane in 2029. Will they actually make it?
I looked up “The Spaceship Company”, and this is the spin-off of Scaled Composites to take care of the White Knight and Spaceship2 vehicles. Scaled Composites did own a percentage of the company but sold it all to Virgin in 2012. Scaled Composites was later bought out by Northrup Grumman.
Oh well, I don’t know. But Branson is in the airline business after all. So him lowering his media bar by 80 kilometers isn’t too bad, I think. Supersonic commercial aircrafts would be great!
“- Sir, we’ve got this strategic stock valuation problem of having our entire industry locked down once every two decades for various made up reasons. What should we do about it?
– Fly faster!”
Where the heck did all that money go? They didn’t built that much hardware (a handful of vehicles), and the design/tech hasn’t really evolved since the SpaceShipOne days.
he used VG as an expense dump.
Everything he did he wrote off as an expense of VG.
He never intended to actually do anything with the company except file bankruptcy in the end.
If it all worked out easy and cheaply the first time then everything was fine but since it didn’t he dropped the idea and just kept it around as a shell.
I expected as much