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.
In order to remain completely independent and honest in my writing, I accept no sponsorships from big space companies or any political organizations. Nor do I depend on ads.
Instead, I rely entirely on the generosity of readers to keep Behind the Black running. You can either make a one time donation for whatever amount you wish, or you sign up for a monthly subscription ranging from $2 to $15 through Paypal, or $3 to $50 through Patreon, or any amount through Zelle.
The best method to donate or subscribe is by using Zelle through your internet bank account, since it charges no fees to you or I. You will need to give my name and email address (found at the bottom of the "About" page). What you donate is what I get.
To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
For PayPal click one of the following buttons:
If these electronic payment methods don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
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.