Boardroom Uncovered: How Virgin Group’s CEO went from New Zealand to running Richard Branson’s empire Business Boardroom Uncovered is City PM‘s on-camera interview series featuring the CEOs of the biggest and best-known companies operating in the UK.
Richard Branson: Virgin founder’s net worth gets a boost from Virgin Atlantic’s growth Virgin Richard Branson has seen his net worth hold steady as growth has returned to his Virgin Group.
How Sir Richard Branson’s Virgin Group makes money and what it’s worth today Business City PM has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Virgin Galactic is set to fly tourists to the stars – but can space tourism become more than a hobby for the super rich? August 7, 2023 Richard Branson’s Virgin Galactic is set to launch its first tourists to space on Thursday this week. The Galactic 02 mission, which follows the successful launch of the companies’ first commercial flight in June, will carry three paying customers – an 80-year old Olympian and a Caribbean mother-daughter duo. Launching from Spaceport America in New [...]
Virgin Galactic shares take-off after astronaut test flight announcement May 9, 2023 Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares in Virgin Galactic jumped four per cent after the company said the May mission would be the final test of the spaceflight system [...]
Virgin Orbit rocket launch failure to be investigated by UK officials January 13, 2023 UK officials will work with counterparts in the US to oversee an investigation into the failure of Virgin Orbit’s rocket launch mission from Cornwall. The Space Accident Investigation Authority (CAIS) said it will work alongside the Federal Aviation Administration to “ensure that any relevant safety lessons are learnt”. The organisations will oversee Virgin Orbit’s investigation. [...]
UK enters space race: where to watch the launch of Virgin Orbit’s Cosmic Girl January 9, 2023 Tonight sees the first launch of a space rocket via UK soil, with an expected launch window starting at 21:45pm tonight. The LauncherOne rocket be attached under the wing of a modified Boeing 747 owned by Virgin Orbit which will take off from Spaceport Cornwall at Newquay Airport. The mission, dubbed ‘Start Me Up’ mission is a collaborative effort [...]
Richard Branson facing US lawsuit is sign of the times for the young space industry November 8, 2022 The lawsuit Richard Branson is facing in the US over claims he hid Virgin Galactic’s problems from shareholders is a sign of the times, as investors become rattled by a young market’s growing pains. The British billionaire has been accused of defrauding shareholders into overpaying for the space tourism company’s shares, a US judge said [...]
Virgin Orbit ‘opportunistic on the market’ as it eyes new fundraising October 9, 2022 Virgin Orbit’s boss Dan Hart said the satellite launching company is going to be “opportunistic on the market,” as it seeks additional funding rounds following a disappointing SPAC listing. A subsidiary of Richard Branson-backed Virgin Galactic, the firm raised only $228m (£205m) when it listed in December 2021 on the NYSE. However, the initial target [...]
Richard Branson pumps £30m windfall into Virgin Brands October 4, 2022 Richard Branson has invested some £30m worth of royalties back into his Virgin brand. The British billionaire pumped £25m into the Virgin group last year, down from £85m in 2018. The cash is intended to help support the businesses hit hardest by successive Covid-19 lockdowns worldwide, namely Virgin Atlantic. Virgin Galactic, Branson’s lagging space venture, [...]
