Once more, Virgin Galactic postpones commercial space travel until the second quarter of 2023. from Reuters

Reuters. FILE PHOTO – On December 13, 2018, Mojave Air and Space Port in Mojave, California, the United States saw the takeoff of Virgin Galactic’s carrier aircraft WhiteKnightTwo carrying a space tourism rocket plane SpaceShipTwo. taken on December 13, 2018. Gene Blevin/Reuters/REUTERS – After the bell on Thursday, shares of the space tourism company fell 6% as Virgin Galactic Holdings (NYSE: SPCE) Inc. once more postponed the commercial launch of its space voyage to the second quarter of 2023 from the first quarter.

The debut had been postponed to the first quarter of 2023 by the business founded by billionaire Richard Branson in May, citing a supply-chain issue and a manpower shortfall. Flights had previously been postponed until the fourth quarter of 2022.

While commercial service is currently scheduled to begin in the second quarter of 2023, Chief Executive Michael Colglazier stated that development on the future fleet is still being made.

Virgin Galactic had reopened ticket sales to the general public for space travel in February, setting costs at $450,000 per person with a $150,000 down payment.

Additionally, compared to the same period last year, the company’s net loss increased to $110.7 million from $94 million.

It signed a contract with Aurora Flight Sciences, a subsidiary of Boeing (NYSE: BA), last month to build a new twin-fuselage carrier jet that will transport its next-generation spaceship into orbit.

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