Virgin Galactic announces another delay

Stock falls 13% afterhours

Virgin Galactic has delayed the start of its paid spaceflights once again, now to the end of next year.

The wait continues

Virgin Galactic has got hit with another setback, as the company revealed to CNBC that it has had to delay the start of its commercial space tourism service to the fourth quarter of 2022. Originally the plan was to offer paid flights during the third quarter of next year, so customers will have to wait a while longer.

Why is the service delayed?

Virgin Galactic planned to begin the enhancement period after its next Unity 23 spaceflight until a recent test carried out revealed a reduction in the strength margins of certain materials used to modify specific joints, so its vehicles now require further inspection.

Taking the right path

“The re-sequencing of our enhancement period and the Unity 23 flight underscores our safety-first procedures, provides the most efficient path to commercial service, and is the right approach for our business and our customers,” Virgin Galactic CEO Michael Colglazier said in a statement.

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