Virgin Galactic Says Commercial Space Flights on Track for Second Quarter
The Virgin Galactic SpaceShipTwo space plane Unity returns to earth above Spaceport America, near Truth and Consequences, New Mexico in 2021.
Photographer: Patrick T. Fallon/AFP/Getty ImagesThis article is for subscribers only.
Virgin Galactic Holdings Inc. stood by its plans to begin commercial space flights by the middle of next year, bolstering the company even as preparations remain a drag on its cash.
The space tourism firm has multiple test flights scheduled in the coming months ahead of a planned launch in the second quarter, according to a statement Thursday. The disclosure came as Virgin Galactic reported third-quarter sales that beat estimates.