ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Virgin Galactic Completes 12th Successful Spaceflight

Galactic 07’ Carries Five Research Payloads During Company’s Seventh Research Mission

After Today’s Final Commercial Flight of VSS Unity, Momentum Builds for Production of Delta Class Spaceships

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced the completion of its second spaceflight of 2024 and 12th mission to date, carrying one researcher and three private astronauts. Today’s ‘Galactic 07’ flight marks the Company’s seventh research mission with Virgin Galactic’s spaceship again serving as a suborbital lab for space-based scientific research.

Onboard ‘Galactic 07’:

  • Astronaut 027 – Tuva Cihangir Atasever, Turkish Space Agency (TUA) astronaut and Axiom Mission 3 (Ax-3) Backup Mission Specialist
  • Astronaut 028 – Anand “Andy” Harish Sadhwani, California, USA
  • Astronaut 029 – Irving Izchak Pergament, New York, USA
  • Astronaut 030 – Giorgio Manenti, Italy

‘Galactic 07’ Flight Facts

  • Take-off Time: 8:31 am MT
  • Altitude at Release: 44,562 ft
  • Apogee: 54.4 miles
  • Top Speed: Mach 2.96
  • Landing Time: 9:41 am MT

“Watching our pioneering spaceship Unity return from space on its final commercial flight was a breathtaking and proud moment as we celebrate the ship’s unprecedented achievements in human spaceflight and build momentum for the rollout of our first Delta Class ships in 2026,” said Michael Colglazier, CEO of Virgin Galactic.

On today’s flight, Atasever flew with three human-tended experiments, including custom headgear with brain activity monitoring sensors to collect physiological data related to human spaceflight; a dosimeter; and two commercially available insulin pens to examine the ability to administer accurate insulin doses in microgravity. He also participated in four investigations carried out by Turkish researchers on the ground to understand physiological changes during suborbital spaceflight.

“I am beyond grateful to have represented my country on ‘Galactic 07’ and conduct groundbreaking research that will impact future space missions,” said Atasever. “The successful completion of Ax-3 and now ‘Galactic 07’ is just the beginning of Türkiye’s space endeavors. May our people at home continue to be inspired and dream beyond the stars.”

‘Galactic 07’ also flew two autonomous rack-mounted payloads supported by NASA’s Flight Opportunities program: a Purdue University experiment to study propellant slosh for spacecraft propulsion applications and a University of California, Berkeley experiment to test new 3D printing technology while in microgravity.

The flight was Virgin Galactic’s seventh spaceflight carrying microgravity and space-based research, following last year’s research missions, ‘Galactic 05’ with U.S. Planetary Scientist Dr. Alan Stern and U.S. Payload Specialist and Bioastronautics Researcher Kellie Gerardi, and ‘Galactic 01’ with the Italian Air Force and National Research Council. VSS Unity was piloted by Commander Nicola Pecile and Pilot Jameel Janjua. VMS Eve was piloted by Commander Andy Edgell and Pilot C.J. Sturckow.

Read the Virgin Galactic research overview here, and learn more about the ‘Galactic 07’ payloads here.

Building on VSS Unity’s unrivaled record in commercial human spaceflight (32 total flights, including 12 to space), the company is now producing its fourth-generation and most advanced spaceships, the Delta Class, expected to enter commercial service in 2026.

Press materials may be accessed via the Virgin Galactic Newsroom at https://press.virgingalactic.com, including:

About Virgin Galactic

Virgin Galactic is an aerospace and space travel company, pioneering human spaceflight for private individuals and researchers with its advanced air and space vehicles. Scale and profitability are driven by next-generation vehicles capable of bringing humans to space at an unprecedented frequency with an industry-leading cost structure. You can find more information at https://www.virgingalactic.com/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our spaceflight systems, the development of our Delta class spaceships and proposed timeline for commercial service using such spaceships, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to any delay in future commercial flights of our spaceflight fleet, our ability to successfully develop and test our Delta fleet and the time and costs associated with doing so, the safety of our spaceflight systems, our expected capital requirements and the availability of additional financing, and the other factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.virgingalactic.com, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Source: Virgin Galactic Holdings, Inc.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.