Virgin Galactic delays commercial suborbital flights again
See update below.
Capitalism in space: In releasing its quarterly report, Virgin Galactic revealed that it is once again delaying the beginning of commercial suborbital flights, pushing back those first flights until the first quarter of 2023.
The net loss for Q1 2022 was $93 million, which was higher than Q4 2021 net loss of $81 million but less than the $130 million loss for the first quarter of 2021.
Flight tests of Virgin Galactic’s VSS Unity suborbital space plane that were supposed to take place this summer have been pushed back to the fourth quarter. And the start of commercial service has been delayed from the fourth quarter to 2023. The company said the delays were due to supply chain and labor constraints.
You can read the full quarterly report here.
The company also says it still has 800 reservations for those commercial flights, which suggests that once flights begin it will have plenty of business for at least a period of time, depending on how frequently it can launch and how many passengers can fly each time.
UPDATE: The overhype of all of Richard Branson’s hi-tech projects, such as Virgin Galactic, was further illustrated by this other story from February about Branson’s well publicized project to build a hyper-loop transportation system in West Virgina.
Hyperloop was over-hyped. As the Financial Times first reported, Virgin Hyperloop laid off about half of its staff, as it makes a major shift it its goals. “The U.S. company said 111 people were laid off on Friday as it refocuses on delivering a cargo version of the experimental transportation system.”
Hat tip John Harman.
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See update below.
Capitalism in space: In releasing its quarterly report, Virgin Galactic revealed that it is once again delaying the beginning of commercial suborbital flights, pushing back those first flights until the first quarter of 2023.
The net loss for Q1 2022 was $93 million, which was higher than Q4 2021 net loss of $81 million but less than the $130 million loss for the first quarter of 2021.
Flight tests of Virgin Galactic’s VSS Unity suborbital space plane that were supposed to take place this summer have been pushed back to the fourth quarter. And the start of commercial service has been delayed from the fourth quarter to 2023. The company said the delays were due to supply chain and labor constraints.
You can read the full quarterly report here.
The company also says it still has 800 reservations for those commercial flights, which suggests that once flights begin it will have plenty of business for at least a period of time, depending on how frequently it can launch and how many passengers can fly each time.
UPDATE: The overhype of all of Richard Branson’s hi-tech projects, such as Virgin Galactic, was further illustrated by this other story from February about Branson’s well publicized project to build a hyper-loop transportation system in West Virgina.
Hyperloop was over-hyped. As the Financial Times first reported, Virgin Hyperloop laid off about half of its staff, as it makes a major shift it its goals. “The U.S. company said 111 people were laid off on Friday as it refocuses on delivering a cargo version of the experimental transportation system.”
Hat tip John Harman.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID 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. Every one of those 2020 conclusions has turned out right.
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.
How is this even newsworthy?
The only thing else I want to hear is “Branson arrested.”
Well—at least he looked uncomfortable here
https://m.youtube.com/watch?v=BzuxEyeqri0
That and the Dr. D David Schultz slap-out of John Stossell…two of my favs.
If we we had to have put up with all this in 1969 the Russians would be colonzing the moon while the foot dragging nit-wits would be studying the impact of cosmic dust on the moon
Its no longer the Russians but the Chinese.