Richard Branson's Virgin America airline announced today in an SEC filing that it is planning to raise up to $368 million in its IPO. This news comes just days after a fatal crash that killed one Virgin Galactic test pilot and injured another. Show More Summary
Today Virgin Galactic revealed it plans to sell 13,106,377 shares in an initial public offering on the NASDAQ. The company estimates that it will raise as much as $368 million in the IPO, according to an SEC filing. This announcement closely follows the tragic crash of Virgin Galactic and Scaled Composites’ space plane SpaceShipTwo. The upcoming IPO will turn […]
Richard Branson's Virgin Galactic experimental space tourism company announced today in an SEC filing that it is planning to raise up to $368 million in its IPO. This news comes just days after a fatal crash that killed one Virgin Galactic...Show More Summary
Following spacecraft crash, Virgin Galactic boss takes issue with "self-proclaimed experts" after scientist said company ignored safety warnings.
Kenneth Chang brings us the latest on the Virgin Galactic tragedy: The Virgin Galactic space plane that broke apart over the Mojave Desert on Friday shifted early into a high-drag configuration that was designed to slow it down, federal accident investigators have said. The accident killed the co-pilot, Michael Alsbury; the pilot, Peter Siebold survived […]
Spaceflight Now's Stephen Clark reports that SpaceShipTwo disintegrated after its braking system prematurely extended, a reveal that will shift the focus away from the rocket motor.
By Carolyn Cohn and Richa Naidu LONDON (Reuters) - The Virgin Galactic spaceship which crashed on Friday was insured against losses totaling around $40-50 million and the lead underwriter was AIG, insurance sources said on Monday. AIG declined to comment. Show More Summary
U.S. investigators say a slowing device "deployed early" on SpaceShipTwo read more
It is day three into the investigation of what caused a space plane to crash in California. Virgin Galactic founder Richard Branson joins "CBS This Morning" from Necker Island to discuss the crash.
Click here to receive Mediabistro’s Morning Media Newsfeed via email. A&E Networks Chairman Abbe Raven to Retire (THR) Cable pioneer Abbe Raven is set to retire. Her last day as chairman of A&E Networks will be Feb. 2. The news comes nearly a year after Raven’s protégé, Nancy Dubuc, was elevated to CEO and Raven to chairman. Show More Summary
Authorities investigating the crash say human error may have caused the space plane to break apart in mid-air. Early feathering may have caused the incident. John Blackstone reports.
US aviation investigators say they now know how Virgin Galactic's SpaceshipTwo broke up in mid-flight, but don't yet know why. The crash tragically killed co-pilot Michael Alsbury and seriously set back CEO Richard Branson's space tourism program....
The Virgin Galactic spacecraft deployed a "feathering" system, designed to help it descend back to Earth, was deployed too early. The crash killed one pilot and injured another.
An investigation into the deadly crash of a Virgin Galactic spaceship has found that a function to help the craft descend into the atmosphere was deployed early, a federal safety official said on Sunday, adding pilot error could not be ruled out. The National Transportation Safety Board (NTSB) is...
Following the tragic accident on Friday which saw Virgin Galactic's SpaceShipTwo fail catastrophically, engineers are now scrabbling to understand the cause. In a new briefing, the National Transportation Safety Board has explained that the craft d eployed its braking system prematurely. Read more...
Credits: Getty Alt Text: Virgin Galactic SpaceShipTwo Preliminary investigation suggests that Virgin Galactic's SpaceShipTwo broke up after an onboard system deployed prematurely One-Minute Read Monday, November 3, 2014 - 10:20am Virgin...Show More Summary
How do you cope with a business as risky as space travel?
Virgin Galactic's experimental spaceship broke apart in flight over California's Mojave Desert after a device to slow the craft's descent prematurely deployed, federal investigators said Sunday. National Transportation Safety Board Acting...Show More Summary
But agency says that wasn't cause of Virgin Galactic SpaceShipTwo's fatal crash; findings raise more questions
The dead co-pilot of the crashed Virgin Galactic sub-orbital space craft Michael Alsbury moved a crucial control surface lock to an unlock position seconds before it tumbled and broke apart according to US crash investigators. The acting chair of the National Transportation Safety Board, Christopher Hart told a third public briefing on the crash that [...]