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Virgin Galactic has completed its fifth revenue-generating commercial flight. The company has also cut jobs and expenses as part of a strategic realignment to support production of its Delta Class spaceships. This move includes reducing its workforce by approximately 18% and pausing space flights from mid-2024 to cut costs. Despite the cost-cutting measures, the company beat analysts’ expectations for quarterly revenue. Payload specialist Kellie Gerardi, fresh off her flight, spoke about the mission with Morgan Brennan. Billionaire Richard Branson praised the successful research spaceflight, marking the 6th successful spaceflight in 6 months and the spaceship's conversion into a suborbital lab for scientific research.
Virgin Galactic stock soars as company announces job cuts, spacecraft shift $SPCE by @ines_ferre https://t.co/sPbHkH2DNv
Billionaire Richard Branson's Virgin Galactic lays off 185 employees as it doubles down on efforts to build new spaceships https://t.co/h9KBKVO8IK
Virgin Galactic is slashing 18% of its workforce and pausing space flights from mid-2024 to cut costs, even as it beat analysts’ expectations for quarterly revenue https://t.co/s4IuWzc8GA
Virgin Galactic is slashing 18% of its workforce and pausing space flights from mid-2024 to cut costs, even as it beat analysts’ expectations for quarterly revenue https://t.co/yOmjPuvjQG
Virgin Galactic cutting jobs, expenses as interest rates bite https://t.co/VRV5Vbj5qO
Virgin Galactic pausing flights next year and laying off 18% to focus on next-gen spacecraft https://t.co/rKjU6giAmS
⚠️ VIRGIN GALACTIC TO CUT WORKFORCE BY 18% Full Story → https://t.co/Zzpr09qyVE Virgin Galactic Holdings on Wednesday announced a workforce reduction of approximately 185 employees, constituting about 18% of its workforce. https://t.co/cFfM6qRtYl
Virgin Galactic Preps for Its Next Tourist Spaceplane…by Laying Off Staff https://t.co/MDnkMKPcw3 https://t.co/RHxIf3daYg
Virgin Galactic cuts jobs to support production of next-gen spaceships: https://t.co/WrQJpC2smm by TechCrunch #infosec #cybersecurity #technology #news
Virgin Galactic cuts jobs to support production of next-gen spaceships https://t.co/vAopf5X4cl by @breadfrom
Virgin Galactic to Cut Jobs. Interest Rates, Geopolitical Unrest Are a Problem. https://t.co/5ajvTZ0Pwy
Virgin Galactic plans to reduce its workforce as part of a broader cost-cutting move to keep development of its next-generation launch vehicle on track https://t.co/UccCJWTN2K
Virgin Galactic plans to reduce its workforce as part of a broader cost-cutting move to keep development of its next-generation launch vehicle on track https://t.co/ElsJl8sHDL
Virgin Galactic plans to reduce its workforce as part of a broader cost-cutting move to keep development of its next-generation launch vehicle on track https://t.co/DmALi3wVCS
Virgin Galactic plans to reduce its workforce as part of a broader cost-cutting move to keep development of its next-generation launch vehicle on track https://t.co/OcHZQijeTC
Virgin Galactic is cutting jobs and expenses as part of a strategic realignment to support production of its Delta Class spaceships https://t.co/MS3QZA4oEf https://t.co/MS3QZA4oEf
Virgin Galactic to Cut Jobs in Strategic Realignment https://t.co/2hErGIowCd
LISTEN NOW: @VirginGalactic has completed its fifth revenue-generating commercial flight today. Payload specialist, @kelliegerardi, is fresh off her flight and spoke with @MorganLBrennan about the mission. Listen and follow #ManifestSpace here: https://t.co/otJS9isBwG https://t.co/fgJ8FSEZDO
Brilliant to see @VirginGalactic complete another successful research spaceflight, marking its 6th successful spaceflight in 6 months. Here’s more on the mission & how the spaceship was converted into a suborbital lab for scientific research: https://t.co/vsbVMuSUM3 #Galactic05 https://t.co/DF9s4ncTDy