Virgin Galactic looks to raise money to help boost next-generation spaceflight fleet

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Virgin Galactic looks to raise money to help boost next-generation spaceflight fleet

By Matthew Narvaiz / Journal Staff Writer
Matthew Narvaiz
Staff Writer

Author email
Nov 8, 2024
Nov 8, 2024 Updated Nov 8, 2024

The VSS Unity spaceship is towed from the runway to the tarmac at Spaceport America in southern New Mexico on Thursday, June 29, 2023.聽
Chancey Bush/ Journal

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Virgin Galactic on Wednesday said it has entered into a sales agreement to sell shares of its common stock to boost the development of its next-generation spaceflight fleet, which is expected to take more frequent trips to suborbit.聽

In announcing the news, company officials also held a third-quarter earnings call that touched on the Virgin Galactic鈥檚 progress in building out its fleet, which could include up to four ships and an additional mothership to go along with the VMS Eve.聽

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