Virgin Galactic, the space tourism arm of billionaire Richard Branson’s Virgin empire, will work with engine maker Rolls-Royce to develop an aircraft capable of traveling at around 3 times the speed of sound
Rolls-Royce North America Chairman Tom Bell says in the statement that his company “brings a unique history in high speed propulsion, going back to the Concorde, and offers world-class technical capabilities to develop and field the advanced propulsion systems needed to power commercially available high-Mach travel.”
The Virgin Galactic’s New York Stock Exchange-listed shares rose 5% Monday as of 1:45 pm E.T. to $23.49. Shares are still some way off a high of $37.35 in mid FebruaryBack in June, Branson sold around $500 million of Virgin Galactic shares as the pandemic threatened his airline and business empire. Now he is pushing forwards with his plans in space tourism and small satellites.International Airshow 2012 in Hampshire.
Following an investigation, Orbit confirmed Monday that the rocket failed due to a breach in a high-pressure line carrying cryogenic liquid oxygen to the first-stage combustion chamber. The engine soon stopped providing thrust and the demonstration launch ended.
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