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threelonmusketeers@sh.itjust.worksM to Spaceflight@sh.itjust.worksEnglish · 7 months ago

Virgin Galactic seeks to raise money to accelerate growth of spaceplane fleet

spacenews.com

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Virgin Galactic seeks to raise money to accelerate growth of spaceplane fleet

spacenews.com

threelonmusketeers@sh.itjust.worksM to Spaceflight@sh.itjust.worksEnglish · 7 months ago
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Virgin Galactic seeks to raise money to accelerate growth of spaceplane fleet - SpaceNews
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Virgin Galactic is proposing to raise $300 million in additional capital to accelerate production of suborbital spaceplanes and a mothership aircraft.
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  • Tar_Alcaran@sh.itjust.works
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    7 months ago

    That’s remarkably cheap.

    • kowanatsi@lemmy.world
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      7 months ago

      And remarkably non-existent? They talk about fleets when they can barely scrape together a single airframe that doesn’t fall apart

      • threelonmusketeers@sh.itjust.worksOPM
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        7 months ago

        Which of VG’s airframes fell apart?

        • kowanatsi@lemmy.world
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          7 months ago

          Oh the conclusion was pilot error:

          https://www.smithsonianmag.com/smart-news/co-pilots-error-caused-virgin-galactic-crash-says-ntsb-180956101/

          But reading the through the findings you’d think there would’ve been some failsafe system before the maneuver

  • burble@lemmy.dbzer0.com
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    7 months ago

    Maybe they’ll con someone into it. Or pull an Astra, go private, and then con someone new.

    • threelonmusketeers@sh.itjust.worksOPM
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      7 months ago

      You don’t think their current business model is viable?

      • burble@lemmy.dbzer0.com
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        7 months ago

        What business?

        • threelonmusketeers@sh.itjust.worksOPM
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          7 months ago

          Fair point. They did have a decent launch cadence in 2023, but their existing fleet was evidently not profitable enough.

          • burble@lemmy.dbzer0.com
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            7 months ago

            I thought they had enough of a war chest to ride out the flight stoppage, but I guess not. I don’t see it with them. Tourism flights and low capacity point to point doesn’t seem like enough to sustain a real company. Blue Origin can do it because they don’t need to make money.

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