Leonard David's INSIDE OUTER SPACE

Image credit: Virgin Galactic

Virgin Galactic has issued the company’s Second Quarter 2024 financial results, along with a business update on its Delta Class suborbital spaceship program.

“Progress on our Delta Class spaceship program was substantial in Q2, with the pace of design completion accelerating and tool fabrication underway,” said Michael Colglazier, Chief Executive Officer of Virgin Galactic.

Image credit: Virgin Galactic

Pivot primary focus

“In the next month, our teams will pivot primary focus from design completion to the build and test phases of our production spaceships, which remain on track to enter commercial service in 2026,” Colglazier said in a company statement.

For the building of its Delta Class spaceships, the company added that construction is complete on its final assembly facility in Phoenix, Arizona.

Image credit: Virgin Galactic

Seat revenue

Earlier flights of its VSS Unity “delivered key engineering and operational data informing design of Delta Class production model spaceships,” the company explains. “Blended manifest of research and private astronauts on ‘Galactic 07’ mission generated an average of $900K revenue per seat.”

To dive into details presented, go to the investor relations website that features videos and an overview of the “Virgin Galactic Business Model” at:

https://investors.virgingalactic.com/events-and-presentations/