• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
space flight

Virgin Galactic Is One Step Closer to Sending Tourists to Space

By
Ian Mount
Madrid-based Editor
Down Arrow Button Icon
By
Ian Mount
Madrid-based Editor
Down Arrow Button Icon
August 2, 2016, 7:11 AM ET

Virgin Galactic is about to get off the ground again.

A little less than two years ago, the first version of its SpaceShipTwo spacecraft was destroyed when a co-pilot wrongly turned on the descent mechanism during a test flight, killing him and seriously injuring the pilot. On Monday, Virgin Galactic said it received an operator license for its new SpaceShipTwo craft from the Federal Aviation Administration’s Office of Commercial Space Transportation (FAA-CST).

This license will allow it to begin test flights of the new vehicle. On Monday, it performed a more modest taxi test, pulling it down the runway behind a Land Rover. Virgin Galactic has yet to announce when the first test flight will happen.

“The granting of our operator license is an important milestone for Virgin Galactic, as is our first taxi test for our new spaceship,” said Virgin Galactic senior vice president of operations Mike Moses. “While we still have much work ahead to fully test this spaceship in flight, I am confident that our world-class team is up to the challenge.”

 

The company, which received $600 million in funding from founder Richard Branson, the Virgin Group, and Aabar Investments Group (Abu Dhabi’s sovereign wealth fund of Abu Dhabi), is aiming to use the craft to send satellites (if not paying human passengers) into space by sometime next year. When it does begin to shuttle people into space, Stephen Hawking, Brad Pitt, Tom Hanks, and Katy Perry are said to be in line for the $250,000 flights. About 700 people have already put down deposits for the flights, according to Reuters.

Earlier this year at Fortune’s Brainstorm E energy and environment conference in Carlsbad, Calif., Virgin Galactic CEO George Whitesides, a former NASA chief of staff, said that space travel would become common relatively soon.

“We’re at an inflection point,” he said. “Only about 550 people have ever gone to space. Come back in 10 years and thousands of people will have gone.”

The first SpaceShipTwo flew 55 missions before it was destroyed on Oct. 31, 2014, according to USA Today.

About the Author
By Ian MountMadrid-based Editor
LinkedIn icon

Ian Mount is a Madrid-based editor at Fortune.

See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Economy
The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says
By Nick LichtenbergDecember 17, 2025
19 hours ago
placeholder alt text
Success
As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’
By Preston ForeDecember 16, 2025
2 days ago
placeholder alt text
Economy
America's $38 trillion national debt 'exacerbates generational imbalances' with Gen Z and millennials paying the price, warns think tank
By Eleanor PringleDecember 16, 2025
2 days ago
placeholder alt text
AI
'Robots are going to be amongst us': Qualcomm exec says buckle up for the next 5 years. Your car is going to be the first shoe to drop
By Nino PaoliDecember 17, 2025
1 day ago
placeholder alt text
Innovation
An MIT roboticist who cofounded bankrupt Roomba maker iRobot says Elon Musk's vision of humanoid robot assistants is 'pure fantasy thinking'
By Marco Quiroz-GutierrezDecember 16, 2025
2 days ago
placeholder alt text
AI
IBM, AWS veteran says 90% of your employees are stuck in first gear with AI, just asking it to ‘write their mean email in a slightly more polite way’
By Marco Quiroz-GutierrezDecember 16, 2025
2 days ago

Latest in

RJ Scaringe, wearing a dark green shirt and glasses, gestures with both hands as he speaks.
North AmericaAutos
Rivian CEO says midprice EV sales are still 50% Tesla: ‘That’s not a reflection of a healthy market’
By Sasha RogelbergDecember 18, 2025
28 minutes ago
Photo of the Endra founding team, including Anton Juric, the COO, at left, Niklas Lindgren, CEO, in the center, David Rydberg, technical cofounder, and Gustav Hammarlund, technical cofounder, right.
AIArchitecture
Exclusive: Swedish startup automating mechanical, electrical, and plumbing design for commercial buildings raises $20 million in seed round
By Jeremy KahnDecember 18, 2025
28 minutes ago
NEW YORK, NY - NOVEMBER 23: Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. (Photo by Jim Spellman/WireImage)
InvestingMarkets
‘Big Short’ investor Michael Burry piles misery onto tech stocks after Oracle fails to close AI debt deal
By Jim EdwardsDecember 18, 2025
37 minutes ago
(L - R) Elon Musk, Ray Dalio.
Personal FinanceRay Dalio
Elon Musk says there will be ‘no poverty’ in the future, implying Ray Dalio’s multi-million Trump Account pledge will be essentially redundant
By Eleanor PringleDecember 18, 2025
49 minutes ago
NewslettersTerm Sheet
A federal investigation is underway after Nevada’s safety regulator suddenly dropped violations against Boring Company
By Jessica MathewsDecember 18, 2025
1 hour ago
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York on Oct. 16, 2025.
NewslettersCEO Daily
Fed chair contender Christopher Waller says weak jobs data is strengthening the case for more rate cuts: ‘AI is stalling hiring’
By Diane BradyDecember 18, 2025
1 hour ago