Virgin Galactic
Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design.
Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the edge of space for more than a decade.
Virgin Galactic said it completed a mission concept review alongside NASA of its supersonic vehicle design and now will work with the Federal Aviation Administration to create a framework for certifying the aircraft for flight. Previously Boeing’s venture arm invested $20 million in Virgin Galactic, specifically toward helping the company build a supersonic aircraft.
“We have made great progress so far, and we look forward to opening up a new frontier in high speed travel,” Virgin Galactic chief space officer George Whitesides said in a statement.
Virgin Galactic’s
British aerospace company Rolls-Royce has a notable history making aircraft engines, including having built the engines that powered the supersonic Concorde aircraft.
Virgin Galactic is finishing development testing of its SpaceShipTwo series of spacecraft, mostly recently installing the cabin’s interior as it looks to begin flying passengers for the first time. The company’s spacecraft manufacturing subsidiary building the second and third spacecraft for Virgin Galactic’s fleet, underway at the company’s facility in Mojave, California.
Virgin Galactic’s spacecraft, left, alongside the next in the company’s fleet under construction.
Virgin Galactic
Virgin Galactic shares rose 2.9% in premarket trading. The company reports earnings after the bell Monday.
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