Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Virgin Galactic
Global investment

Virgin Galactic and its space tourist flights

24.08.2020
2 min read

Virgin Galactic and Virgin Orbit: plans for space

Virgin Galactic is one of the first companies that offers space tourism services. Aircraft for travel are being developed, and in the future will be able to enter low Earth orbit. Already now you can buy tickets for this adventure, which cost from 250 thousand dollars. Transport will be able to accommodate six tourists and two pilots on board.
The company is part of the Virgin Group, owned by billionaire Richard Branson. The grandiose plans and the opportunity to fly into space have already been evaluated by 450 people who have applied for a trip, 150 of them even contributed part of the amount for the ticket. It is assumed that the flight time by plane will be 2.5 hours, of which 5-6 minutes people will stay in zero gravity.
The success of the company is also evidenced by its listing on the New York Stock Exchange. In order to place its shares, managers took an extraordinary step, bypassing the traditional procedure. For the listing Virgin Galactic has merged with the investment organization Social Capital Hedosophia, whose shares were already on the stock exchange. SCH now owns over 46% of Richard Branson’s company. The capitalization of Virgin Galactic is more than 1.5 billion dollars. It is the only space tourism company whose shares are open for purchase. Competitors in the field are SpaceX and Blue Origin. .
Established by Virgin Galactic in 2004 with the investment of a billionaire. The company has not yet conducted commercial flights, but is actively working on developing the project. In 2014, an experimental ship was created, but during the tests there was a crash and the aircraft crashed, one pilot died. Therefore, the development of the project was suspended for some time, but it was resumed later.

Virgin Galactic

Now engineers are working on a new model of the aircraft, whose design will lift passengers to a height where they can feel weightlessness. This type of flight is called suborbital.
Another Richard Branson company, Virgin Orbit, is testing and launching missiles. It recently applied a unique method of sending spacecraft to Earth orbit. Traditionally, missiles lift themselves into the air, but Virgin Orbit decided to use an aircraft for this purpose. This option allows the spacecraft to be delivered faster and reduces fuel consumption by about 30%.
They have already passed their first tests. The company decided to launch its own LauncherOne rocket using a Boeing 747-400, which was slightly modified. Everything went well, and the company plans to make the first launch of the rocket this way by the end of the year.

Tags: Global investment
0
Previous Post Drop in oil prices: long-term forecast from IMF Next Post Brand valuation of different countries: rating review

You Might Also Like

Globant
Global investment
Argentinian software developer Globant strengthens its AI division
25.12.2023
investment in nuclear power
Global investment
European Parliament brings nuclear energy investments into the green technology sector
23.09.2022
Maruti Suzuki
Global investment
Maruti Suzuki to expand car production
01.05.2024
green energy
Global investment
Bank of America: India’s green energy sector could receive a $10 billion investment
19.03.2023
real estate in China
Global investment
Investment in Chinese real estate fell by 10%
20.04.2023
Foreign direct investment
Global investment
Foreign direct investment in China increases
09.10.2022

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics