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Following Richard Branson’s announcement of halting further financial contributions, the stock price of Virgin Galactic experienced a significant drop of over 17% by Monday’s close. This latest complication adds to a series of challenges the company has faced, including recent layoffs and a suspension of commercial…
After a few short trips to the edge of space, Virgin Galactic’s VSS Unity spaceplane is set for retirement, making room for a worthy successor. The company’s Delta class vehicle is gearing up for its debut in 2025, promising to bring in some profit with weekly suborbital flights.
In an effort to cut cost for the sake of the development of its next generation spaceplane, Virgin Galactic will lay off a number of its employees and save on expenses in hopes of bringing in future profits from its commercial flights.
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