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Virgin Galactic
Virgin Galactic is an American spaceflight company founded by Richard Branson and his British Virgin Group retains an 11.9% stake through Virgin Investments Limited. It is headquartered in California, and operates from New Mexico. The company is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists. Virgin Galactic's suborbital spacecraft are air launched from beneath a carrier airplane known as White Knight Two. Virgin Galactic‘s maiden spaceflight occurred in 2018 with its VSS ''Unity'' spaceship. Branson had originally hoped to see a maiden spaceflight by 2010, but the date was delayed for several years, primarily due to the October 2014 crash of VSS ''Enterprise''. The company did the early work on the satellite launch development of LauncherOne before this was hived off to a separate company, Virgin Orbit, in 2017. The company also has aspirations for suborbital transport and in 2017, Branson has said that Virgin Galactic was ...
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LauncherOne
LauncherOne is a two-stage orbital launch vehicle developed and flown by Virgin Orbit that began operational flights in 2021, after being in development from 2007 to 2020. It is an air-launched rocket, designed to carry smallsat payloads of up to into Sun-synchronous orbit (SSO), following air launch from a carrier aircraft at high altitude. The rocket is carried to the upper atmosphere on a modified Boeing 747-400, named '' Cosmic Girl'', and released over the Pacific Ocean. Initial work on the program was done by Virgin Galactic, another Virgin Group subsidiary, before a separate entity — Virgin Orbit — was formed in 2017 to complete development and operate the launch service provider business as a separate entity from the passenger-carrying Virgin Galactic business. The first successful flight was on 17 January 2021, which delivered a payload of 10 CubeSats to low Earth orbit (LEO). Two additional launches also successfully made it to orbit. LauncherOne was the firs ...
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Russell 2000
The Russell 2000 Index is a small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group (LSEG). Overview The Russell 2000 is by far the most common benchmark for mutual funds that identify themselves as "small-cap", while the S&P 500 index is used primarily for large capitalization stocks. It is the most widely quoted measure of the overall performance of small-cap to mid-cap company shares. It is commonly considered an indicator of the U.S. economy due to its focus on small-cap companies in the U.S. market. The index represents approximately 10% of the total market capitalization of the Russell 3000 Index. , the weighted average market capitalization for a company in the index is around $3.1 billion; the median market cap is $1.0 billion. The market cap of the largest company in the index is $ ...
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VSS Unity
VSS ''Unity'' (Virgin Space Ship Unity, Registration: N202VG), previously referred to as VSS ''Voyager'', is a SpaceShipTwo-class suborbital rocket-powered crewed spaceplane. It is the second ''SpaceShipTwo'' to be built and is part of the Virgin Galactic fleet. It first reached space as defined by the United States (above 50 miles) on 13 December 2018, on the VP-03 mission. ''Unity'' is able to reach space as defined by the U.S. Air Force, NASA, and the FAA, by going over 50 miles (80.5 km) above sea level. However, it is unable to go above the Kármán line, the FAI's defined space boundary at 62.1 miles (100 km). VSS ''Unity'' was rolled out on 19 February 2016 and completed ground-based system integration testing in September 2016, prior to its first flight on 8 September 2016. Overview VSS ''Unity'', the second SpaceShipTwo suborbital spaceplane for Virgin Galactic, is the first SpaceShipTwo built by The Spaceship Company. The ship's name was announced on 19 February ...
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The Spaceship Company
The Spaceship Company (TSC) is a British/American spacecraft manufacturing company that was founded by Burt Rutan and Richard Branson in mid-2005 and was jointly owned by Virgin Group (70%) and Scaled Composites (30%) until 2012 when Virgin Galactic became the sole owner. TSC was formed to own the technology created by Scaled for Virgin Galactic's Virgin SpaceShip program. This includes developments on the care-free reentry system and cantilevered-hybrid rocket motor, licensed from Paul Allen and Burt Rutan's Mojave Aerospace. The company is manufacturing Virgin Galactic's spacecraft and will sell spacecraft to other buyers. The suborbital launch system offered will include the SpaceShipTwo spacecraft and the White Knight Two carrier aircraft. History 2005-2010 The company was founded in 2005 by Burt Rutan and Richard Branson, and was initially jointly owned by Virgin Group and Scaled Composites, to own the technology created by Scaled for Virgin Galactic's Virgin Space ...
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Hot Air Balloon
A hot air balloon is a lighter-than-air aircraft consisting of a bag, called an envelope, which contains heated air. Suspended beneath is a gondola or wicker basket (in some long-distance or high-altitude balloons, a capsule), which carries passengers and a source of heat, in most cases an open flame caused by burning liquid propane. The heated air inside the envelope makes it buoyant, since it has a lower density than the colder air outside the envelope. As with all aircraft, hot air balloons cannot fly beyond the atmosphere. The envelope does not have to be sealed at the bottom, since the air inside the envelope is at about the same pressure as the surrounding air. In modern sport balloons the envelope is generally made from nylon fabric, and the inlet of the balloon (closest to the burner flame) is made from a fire-resistant material such as Nomex. Modern balloons have been made in many shapes, such as rocket ships and the shapes of various commercial products, though the ...
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Virgin Atlantic
Virgin Atlantic, a trading name of Virgin Atlantic Airways Limited and Virgin Atlantic International Limited, is a British airline with its head office in Crawley, England. The airline was established in 1984 as British Atlantic Airways, and was originally planned by its co-founders Randolph Fields and Alan Hellary to fly between London and the Falkland Islands. Soon after changing the name to Virgin Atlantic Airways, Fields sold his shares in the company after disagreements with Richard Branson over the management of the company. The maiden flight from Gatwick Airport to Newark International Airport took place on 22 June 1984. The airline along with Virgin Holidays is controlled by a holding company, Virgin Atlantic Limited, which is 51% owned by the Virgin Group and 49% by Delta Air Lines. It is administratively separate from other Virgin-branded airlines. Virgin Atlantic Airways Limited and Virgin Atlantic International Limited both hold Civil Aviation Authority (CAA) Type ...
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Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Virgin Galactic Unity 22
Virgin Galactic Unity 22 was a sub-orbital spaceflight of the SpaceShipTwo-class VSS ''Unity'' which launched on 11 July 2021. The crew consisted of pilots David Mackay and Michael Masucci as well as passengers Sirisha Bandla, Colin Bennett, Beth Moses, and Richard Branson. Background On 7 June 2021, Jeff Bezos announced that he planned to be on the first crewed flight of his company Blue Origin, which meant being aboard the first crewed flight to space (suborbital) of a private enterprise fully funded by private money with (2 possible different "record firsts" depending on whether one uses the international standard limit of space as 100 km altitude or the USA 50 mile altitude limit): * A) in case of using the Karman line as the boundary of space, passengers (non-pilots) onboard, or * B) in case of using thee USAF/NASA 50 mile altitude limit for space, more than 1 passenger (i.e. non-pilot) aboard. These two different "record firsts" are due to the fact that A) SpaceShip ...
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VSS Unity VF-01
VF-01 was a sub-orbital spaceflight of the SpaceShipTwo-class VSS Unity, VSS ''Unity'' that took place on 22 February 2019, piloted by David Mackay (pilot), David Mackay and co-piloted by Mike Masucci. It was operated by Virgin Galactic, a private company led by Richard Branson that intends to conduct space tourism flights in the future. Following VSS Unity VP-03, VSS ''Unity'' VP-03, VF-01 was a demonstration of the craft's ability to carry passengers. Virgin Galactic's chief astronaut trainer Beth Moses acted as a test passenger, evaluating the experience for potential customers. Reaching an apogee of , the flight satisfied the United States definition of spaceflight (), but fell short of the Kármán line (), the Fédération Aéronautique Internationale definition. Crew Flights are currently only by U.S Convention. Flight On 22 February 2019, ''Unity's'' mother ship VMS Eve, VMS ''Eve'' carried it into flight in a Parasite aircraft, parasite configuration. Shortly before ...
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Outer Space
Outer space, commonly shortened to space, is the expanse that exists beyond Earth and its atmosphere and between celestial bodies. Outer space is not completely empty—it is a near-perfect vacuum containing a low density of particles, predominantly a plasma of hydrogen and helium, as well as electromagnetic radiation, magnetic fields, neutrinos, dust, and cosmic rays. The baseline temperature of outer space, as set by the background radiation from the Big Bang, is . The plasma between galaxies is thought to account for about half of the baryonic (ordinary) matter in the universe, having a number density of less than one hydrogen atom per cubic metre and a kinetic temperature of millions of kelvins. Local concentrations of matter have condensed into stars and galaxies. Studies indicate that 90% of the mass in most galaxies is in an unknown form, called dark matter, which interacts with other matter through gravitational but not electromagnetic forces. Observations s ...
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VSS Unity VP-03
VP-03 (also referred to in some sources as PF04) was a sub-orbital spaceflight of the SpaceShipTwo-class VSS ''Unity'' which took place on 13 December 2018, piloted by Mark P. Stucky and co-piloted by Frederick W. "CJ" Sturckow. VSS ''Unity'' was carried aloft by the White Knight Two carrier plane before being released. The spacecraft reached an apogee of ; the flight satisfied the United States definition of spaceflight () but fell short of the Kármán line (), the Fédération Aéronautique Internationale definition. The flight was operated by Virgin Galactic, a private company led by Richard Branson who conducted a space tourism flight on 11 July 2021. It was the first crewed spaceflight from U.S. soil since the Space Shuttle mission STS-135 in 2011. Crew Flights are currently only by U.S Convention. Background During the 20th century, human spaceflight was conducted exclusively by countries and government agencies, such as NASA. This began to change during the early ...
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Virgin Orbit
Virgin Orbit is a company within the Virgin Group which provides launch services for small satellites. On January 17, 2021, their ''LauncherOne'' rocket successfully reached orbit for the first time, and successfully deployed 10 cubesats. The company was formed in 2017 to develop the air-launched LauncherOne rocket, launched from a modified Boeing 747 aircraft named Cosmic Girl; this tandem had previously been a project of Virgin Galactic. Based in Long Beach, California, Virgin Orbit has more than 300 employees led by president Dan Hart, a former vice president of government satellite systems at Boeing. Virgin Orbit focuses on small satellite launch, which was one of three capabilities being focused on by Virgin Galactic. These capabilities are: human spaceflight operations, small satellite launch, and advanced aerospace design, manufacturing, and test. On 30 December 2021 Virgin Orbit became a publicly traded company (symbol VORB) at the NASDAQ stock exchange. Virgin Orbit ...
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