Published by Anthony Di Pizio
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Virgin Galactic (NYSE:SPCE) is a super exciting company. This new release adds to the anticipation for investors as further spaceflights were delayed back in February.
This new iteration, dubbed 'VSS Imagine', adds a second active spacecraft to the fleet which (hopefully) means more testing and a faster path to commercial flights. CEO Michael Colglazier stated on CNBC that the company plans to fly up to 400 times per year with the tourism business, which means multiple flights per day, and many more spacecrafts needed. This SpaceShip 3 is the beginning of an ever-expanding line.
Due to technical difficulties, Virgin Galactic were forced to reschedule February flight tests with SpaceShip 2, 'VSS Unity', with those now expected to start in May. Founder Sir Richard Branson is expected to be on one of those tests sometime in the summer.
View the VSS Imagine release and promo video below
ADS Capital has a buy recommendation on Virgin Galactic
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