Engineer Vishnu Sridhar of the NASA Maris 2020 project on plans to push Ingenuity Mars helicopter ‘to the limit’ and how its first historic flight can help future space studies.
Shares of Virgin Galactic fell in afterhours trading on Monday after the company revealed that it may need to adjust its spaceflight testing schedule.
During its first quarter update, Virgin Galactic said the scheduled launch for its next test flight was currently being reevaluated. It was expected to take place this month.
Executives said they were looking into “potential wear-and-tear” issues on the Eve carrier mothership and launch platform.
The company was expected to take action on the issue in the fall, but realized last week that it may need more immediate attention, which could impact the test flight schedule.
Executives said they would report back next week with an update on timing.
Shares were down around 9% in after-hours activity.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPCE | VIRGIN GALACTIC HOLDINGS INC. | 17.97 | -1.63 | -8.32% |
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“We continue to make strides towards our strategic objectives and have solid momentum as we focus on completing our flight test program,” Michael Colglazier, Virgin Galactic CEO, said in a statement. “We are committed to delivering one of the world’s most unique and transformational customer experiences, with safety at the core of everything we do.”
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The company said it had $617 million in cash on hand, though it generated $0 in revenue for the quarter and incurred a net loss of $130 million.
