Introduction

The Virgin Galactic company is a pioneering enterprise which is run by Virgin Group. The company plans to be the first company able to carry tourists into space, customers will be transported beyond the official line of the atmosphere to experience weightlessness and view the Earth from space.

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Highlights

Virgin group is a company which has a history of testing unique business ideas and trying controversial business plans to find new sources of revenue. The company began as a record shop selling records via the postal service. Currently the company is involved in a number of different business areas, including banking, transport and media.
Virgin Galactic as a company is going to be running an experience where tourists can pay for the experience of being in space. The company has designed its own fleet of new spacecraft and will be running them from purpose built spaceports the first of which will be in New Mexico USA
Virgin’s spacecraft include the Spaceship two, the White Knight two and the Launcher one. The White Knight carries a payload which can be a satellite launching craft or a Spaceship two carrying tourists, toward the end of the atmosphere where the ship or launcher can release and fire their rockets into the atmosphere.

Your key questions answered

* What types of industries in Virgin group involved with currently?
* What is the nature and plan for the new plunge into space tourism?
* Is the company likely to be successful in this new business environment?
* What are the potential pitfalls of this business venture?

Table Of Contents

OVERVIEW
Catalyst
Summary
THE VIRGIN STORY
The Virgin Group’s history
The Virgin Group companies
Despite global success the company has had to be pragmatic
VIRGIN GALACTIC IS BORN
Virgin Galactic plans to run commercial flights to outer space
The Virgin Galactic trip will cost less than the current options
The Virgin Galactic experience will cross the Karman line
Virgin Galactic will fly from purpose built space ports
VIRGIN’S SPACECRAFT FLEET
The Spaceship Two is a passenger carrying craft
The White Knight Two is a utility mother-ship craft
Launcher One, a payload carrying rocket
CAN THIS INNOVATIVE COMPANY BE A SUCCESS
NASA’s budget has been reduced
Potential safety and technology concerns for Virgin
Some opportunities exist from the invention of new technology
There are some competitors, but currently the market is open
CONCLUSIONS
Virgin has proven itself to be an innovative company
Competitors are few in the commercial space flight business
There are numerous potential pitfalls to overcome
APPENDIX
Sources
Further Reading
Ask the analyst
About MarketLine
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