VSS Unity was a good suborbital spaceship. But Virgin Galactic needs a great suborbital spaceship.
Virgin Galactic founder Sir Richard Branson, far left, and CEO Michael Colglazier, far right, stand with the crew of the Galactic 07 mission.CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC's Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights.
"Our Delta class ships are powerful economic engines. Because of their breakthrough capacity and revenue generation, we are choosing to leapfrog past our third-generation ship, VSS Imagine, and move directly to our fourth generation, the Delta Class," Colglazier said on an earnings call last year. The company's on a ticking cash clock, too. It had nearly $870 million in cash and equivalents on hand as of March, while burning about $1 billion of negative free cash flow over the last two years.and – taking the company's track record and the broader history of human spaceflight vehicle development into account – Virgin Galactic should spend at least another $1 billion before a Delta spacecraft starts flying passengers.
, in an expansion of the complaint that the employees, fired in 2022, have been pursuing via a U.S. labor board case. –, NASA said. The agency explained that audio of an emergency simulation was accidentally broadcast publicly. The update was issued roughly 90 minutes after the apparent false alarm. –saying in a statement that SpaceX's fourth test flight of the monster rocket was "within the scope" of the regulator's expectations.
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