Stock Market News

Virgin Galactic Shares Gain After Partnering with Boeing on New Motherships

2022.07.07 17:35

Virgin Galactic Shares Gain After Partnering with Boeing on New Motherships
Virgin Galactic Shares Gain After Partnering with Boeing on New Motherships

Virgin Galactic (NYSE:SPCE) shares gained nearly 5% in pre-open trading Thursday after the company announced that they have reached an agreement with Boeing (NYSE:BA) subsidiary, Aurora Flight Sciences, to partner in the design and manufacturing of the Company’s next generation motherships. The mothership is the air launch carrier aircraft in Virgin Galactic’s space flight system, that carries the spaceship to its release altitude of approximately 50,000 feet.

Virgin Galactic Chief Executive Officer Michael Colglazier said: “Our next generation motherships are integral to scaling our operations. They will be faster to produce, easier to maintain, and will allow us to fly substantially more missions each year. Supported by the scale and strength of Boeing, Aurora is the ideal manufacturing partner for us as we build our fleet to support 400 flights per year at Spaceport America.”

Aurora plans to manufacture the aircraft at its Columbus, Mississippi, and Bridgeport, West Virginia facilities. Final assembly of the motherships will be completed at the Virgin Galactic facility in Mojave, California.

“With Aurora, we are accessing the best of the nationwide aerospace ecosystem,” said Swami Iyer, President of Aerospace Systems. “As a subsidiary of the world’s largest aerospace company, Aurora has some of the industry’s top engineers and manufacturing facilities.”

“This partnership between Aurora and Virgin Galactic brings together teams that share a passion for aerospace, innovation, and exploration,” said Per Beith, Aurora President and CEO.

The first new mothership is expected to enter service in 2025, the same year Virgin Galactic’s first Delta-class spaceship is expected to begin revenue payload flights. The Company’s upcoming commercial missions are expected in Q1 2023.

 

Virgin Galactic Shares Gain After Partnering with Boeing on New Motherships

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,300.59 0.06%
ethereum
Ethereum (ETH) $ 1,942.76 0.99%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.41 2.80%
bnb
BNB (BNB) $ 617.57 5.35%
solana
Solana (SOL) $ 135.59 1.44%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.754087 2.60%
dogecoin
Dogecoin (DOGE) $ 0.176451 3.45%
tron
TRON (TRX) $ 0.22184 0.16%
staked-ether
Lido Staked Ether (STETH) $ 1,942.27 1.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,218.56 0.10%
pi-network
Pi Network (PI) $ 1.45 3.89%
chainlink
Chainlink (LINK) $ 14.10 2.16%
leo-token
LEO Token (LEO) $ 9.71 0.70%
the-open-network
Toncoin (TON) $ 3.44 17.25%
stellar
Stellar (XLM) $ 0.275957 0.39%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,327.30 1.09%
usds
USDS (USDS) $ 1.00 0.02%
hedera-hashgraph
Hedera (HBAR) $ 0.194077 1.83%
avalanche-2
Avalanche (AVAX) $ 19.16 2.14%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.86%
sui
Sui (SUI) $ 2.37 1.93%
litecoin
Litecoin (LTC) $ 93.12 1.64%
bitcoin-cash
Bitcoin Cash (BCH) $ 345.21 5.56%
polkadot
Polkadot (DOT) $ 4.38 4.31%
mantra-dao
MANTRA (OM) $ 6.61 5.60%
weth
WETH (WETH) $ 1,942.87 1.04%
ethena-usde
Ethena USDe (USDE) $ 0.999866 0.05%
bitget-token
Bitget Token (BGB) $ 4.46 0.92%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999957 0.06%
hyperliquid
Hyperliquid (HYPE) $ 14.41 3.24%
whitebit
WhiteBIT Coin (WBT) $ 28.92 1.25%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,064.02 1.01%
monero
Monero (XMR) $ 211.88 0.91%
uniswap
Uniswap (UNI) $ 6.24 2.92%
susds
sUSDS (SUSDS) $ 1.04 0.04%
aptos
Aptos (APT) $ 5.40 3.72%
dai
Dai (DAI) $ 0.999855 0.01%
near
NEAR Protocol (NEAR) $ 2.68 2.07%
pepe
Pepe (PEPE) $ 0.000007 3.03%
internet-computer
Internet Computer (ICP) $ 5.85 3.66%
okb
OKB (OKB) $ 46.55 0.90%
ondo-finance
Ondo (ONDO) $ 0.884532 2.20%
ethereum-classic
Ethereum Classic (ETC) $ 18.01 0.03%
gatechain-token
Gate (GT) $ 21.74 1.73%
aave
Aave (AAVE) $ 174.35 0.72%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,278.58 0.10%
mantle
Mantle (MNT) $ 0.754863 3.15%
official-trump
Official Trump (TRUMP) $ 12.22 3.03%