Progress in SpaceShip Program
Significant advancements in the SpaceShip program, including major milestones being crossed, proof points supporting flight rate and reusability assumptions, and expected dates for Flight Test and first spaceflight remaining unchanged.
Fuselage Manufacturing Progress
The lower skin of the forward fuselage arrived well within the time extension expected, and the first fuselage is forecasted to wrap up earlier than expected.
Oxidizer Tank Milestone
Next-generation tank qualified for the life of Delta class SpaceShips, expected to be 500 or more spaceflights, significantly increasing reusability.
Improvement in Financial Metrics
Operating expenses decreased by 19%, net loss improved by 15%, and adjusted EBITDA improved by 11% compared to the prior year period.
Upgrade of Launch Vehicle Eve
Eve's upgrade completed on time and under budget, now capable of flying SpaceShips on successive days, with plans to ramp to 3-4 flights a week.