Current:Home > FinanceVirgin Galactic's first commercial flight to space is days away from taking off -Ascend Finance Compass
Virgin Galactic's first commercial flight to space is days away from taking off
View
Date:2025-04-14 22:23:10
Virgin Galactic's commercial flights to space are getting ready for liftoff. The company announced on Thursday that it's just days away from sending "private astronauts" on its first flight, "Galactic 01" beyond the realms of Earth.
Galactic 01 is expected to fly between June 27 and June 30 with three crew members on board to conduct microgravity research, Virgin Galactic said in an announcement to investors. Those crew members are from the Italian Air Force and the National Research Council.
"With scientific payloads on board, the spaceflight will showcase the value and power of the unique suborbital science lab that Virgin Galactic offers," the company says on its website.
The company's second commercial flight, Galactic 02, is planned to depart just over a month later at the beginning of August. After those two flights, Virgin Galactic said it is hoping to launch commercial spaceflights on a monthly basis. More details on these flights will be announced prior to liftoff. More than 800 tickets for these flights have already been sold, according to the BBC, but it comes at a heavy cost.
Just applying for the opportunity requires a $10,000 temporary credit card authorization, and if you are approved and committed to the flight, there is a $150,000 deposit. Before the flight, participants must pay an additional $300,000 to bring the total cost of spending a few minutes in space to $450,000.
.@VirginGalactic announces the start of commercial spaceflight service with #Galactic01 flight this month. A huge well done to the team, so excited for our astronauts to inspire more people to look to the stars. https://t.co/MDJjwKQj74 pic.twitter.com/9NtxSdDJMo
— Richard Branson (@richardbranson) June 15, 2023
The new venture comes soon after the company successfully launched "Unity," its first crewed flight in two years that took place on a sub-orbital spaceplane.
Starting this commercial flight venture comes amid a space race between Virgin Galactic and Jeff Bezos' Blue Origin, both of which soared to space in the summer of 2021 to ignite excitement. Richard Branson, who owns Virgin Galactic, was one of the few who experienced a launch that summer, when he flew to more than 50 miles above Earth for a weightless view of the planet.
But the commercial flight excitement comes after a bit of a downfall for Branson, who had to file for bankruptcy for his satellite company Virgin Orbit. The firm laid off 85% of its employees and said it was looking for buyers in April, just a few months after an attempt to launch nine satellites ended in failure.
- In:
- Virgin Galactic
- News From Space
- Richard Branson
- Space
Li Cohen is a social media producer and trending content writer for CBS News.
veryGood! (24)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Why Blake Shelton Is Comparing Gwen Stefani Relationship to Taylor Swift and Travis Kelce's Romance
- Nike names Elliott Hill as CEO, replacing John Donahoe
- A night with Peter Cat Recording Co., the New Delhi band that’s found global appeal
- Arkansas State Police probe death of woman found after officer
- Rare G.K. Chesterton essay on mystery writing is itself a mystery
- Giant, flying Joro spiders make creepy arrival in Pennsylvania just in time for Halloween
- Brewers give 20-year-old Jackson Chourio stroller of non-alcoholic beer for clinch party
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- A couple found the Kentucky highway shooter’s remains by being bounty hunters for a week, they say
Ranking
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- JoJo was a teen sensation. At 33, she’s found her voice again
- Oregon governor uses new land use law to propose rural land for semiconductor facility
- Giant, flying Joro spiders make creepy arrival in Pennsylvania just in time for Halloween
- Meet first time Grammy nominee Charley Crockett
- Ohio sheriff condemned for saying people with Harris yard signs should have their addresses recorded
- Diddy is 'fighting for his life' amid sex trafficking charges. What does this mean for him?
- Don't fall for this: The fake QR code scam that aims to take your money at parking meters
Recommendation
Average rate on 30
North Carolina judge won’t prevent use of university digital IDs for voting
How many points did Caitlin Clark score today? Rookie's minutes limited with playoffs looming
Joel Embiid signs a 3-year, $193 million contract extension with the 76ers
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Oregon governor uses new land use law to propose rural land for semiconductor facility
Voters split on whether Harris or Trump would do a better job on the economy: AP-NORC poll
Kyle Okposo announces retirement after winning Stanley Cup with Florida Panthers