Overview

• Virgin Galactic plans to conduct a test flight in late May with four crew members to validate the spaceflight system before beginning commercial service in June.
• The company has spent nearly $1.5 billion preparing for commercial spaceflight and still has $1 billion in funding remaining.
• The first commercial flight is set for June and will carry members of the Italian Air Force.
• Virgin Galactic hopes to eventually conduct 400 spaceflights per year and begin testing an upgraded spaceship model by 2025.
• The company re-opened ticket sales in February with seats priced at $450,000 each requiring a $150,000 deposit.