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Boeing Demands Virgin Galactic Destroy All Data From Its Failed Space Tourism Venture
There’s new drama in the space industry. Boeing filed a lawsuit against Virgin Galactic, accusing it of retaining trade secrets that the two companies had exchanged while working to develop a new mothership, which never came to fruition. On Friday, Boeing asked a federal judge in Alexandria, Virginia, to issue a court order blocking Virgin…
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Virgin Galactic Preps for Its Next Tourist Spaceplane…by Laying Off Staff
In an effort to cut cost for the sake of the development of its next generation spaceplane, Virgin Galactic will lay off a number of its employees and save on expenses in hopes of bringing in future profits from its commercial flights. Richard Branson’s private space venture announced on Tuesday a “strategic realignment of the…
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Virgin Galactic’s Space Tourism Flights Won’t Be Bringing in the Dough
Richard Branson’s space tourism venture is set to launch its second commercial trip to suborbital heights in less than two weeks but the company is not too optimistic about the revenue generated by its private orbital tours. During a recent earnings call, the company announced a revenue of $US2 million in the second quarter of…
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Virgin Galactic’s SpaceShipTwo Flights Allowed to Resume After FAA Probe
The Federal Aviation Administration is satisfied with the corrective actions taken by Virgin Galactic following an incident on July 11 in which the company’s spaceplane flew outside of mandated airspace.