Virgin Galactic Leaves Disaster Behind in Race to Space
(Bloomberg) -- In its third supersonic test flight, Virgin Galactic finally hit the mesosphere en route to its goal: suborbital weightlessness. The mesosphere is above the stratosphere and extends to about 50 miles altitude—just beyond which scientists say is the border between atmosphere and space.
On Thursday, Virgin's VSS Unity spacecraft reached almost 171,000 feet and a speed of Mach 2.5 (more than 1,900 mph), thanks to a 42-second rocket-engine burn. It's the latest step upward as Virgin Galactic pushes each flight to greater altitudes and speeds, and founder Richard Branson looks to stay relevant as billionaire brethren Elon Musk and Jeff Bezos build their own space empires.
The VSS Unity is dropped from a carrier aircraft at about 50,000 feet and then ignites the rocket, sending the craft on a vertical tear. At some point, a 60-second burn will take the craft all the way to space, ferrying customers who have paid $250,000 for the unique thrill ride.
When will that happen? The company isn't saying, but Branson's latest prediction of personally boarding a flight this year isn't likely. Still, said Chief Executive Officer George Whitesides, “it's getting real, as I like to say to everybody in Mojave.”
It's in that California desert town where Virgin Galactic performs the test flights and its sister operation, Spaceship Co., is building additional spacecraft for the business.
“We're making really great progress,” Whitesides said via telephone shortly after the flight. “How far we are by the end of the year … I don't make a firm projection on the start of commercial service.”
Space came one step closer today. First footage is in, check it out! #SpaceShipTwo pic.twitter.com/yTQdXVHEVE
July 26, 2018While Musk's SpaceX and Bezos' Blue Origin get all the attention, Virgin Galactic, which calls itself the world's “first commercial spaceline,” has made progress since a 2014 disaster, finishing a series of seven glide flights in January before moving to its powered test-flight program in early April.
The company is gradually extending the duration of each test flight as it edges closer to the full rocket burn, aimed at taking the Unity to its ultimate altitude of around 359,000 feet. The Unity's prior test flight, in late May, reached 114,500 feet.
Virgin Galactic, which Branson formed in 2004, has hired about 100 people at Spaceport America, its future launch site and company headquarters north of Las Cruces, New Mexico, Whitesides said. Spaceship Co. employs about 500 in California.
Branson signed an agreement on July 6 with Italian officials to bring a Virgin Galactic launch operation to a planned spaceport in southern Italy. The company hopes to establish several operations, in Europe, the Middle East and Asia, the CEO said.
Virgin Galactic has been looking to recover after a fatal crash in October 2014 of its original SpaceShipTwo, which broke apart during a test flight. The company then redesigned key aspects of the craft. Last year, Saudi Arabia's Public Investment Fund invested $1 billion into Virgin Group's three U.S.-based space companies: Virgin Galactic, Spaceship Co. and Virgin Orbit.
Whenever it's ready to welcome passengers to southern New Mexico, Virgin plans to set up a lottery to help sort the initial group of 100 customers—whom it calls “founders”—into a flight order. The company has a roster of about 800 and isn't currently selling tickets. Whitesides and his wife, Loretta, are among the first 100.
To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net
©2018 Bloomberg L.P.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.