Michael. Thanks,
world experiences and this around scaling is fantastic all he right that person experience the view will through company the has I has say the and weeks past only to company. to my phase. we exactly Michael's that joined deep that He the have tremendously lead closely Before that its begin, company growth I I customer Michael couple and serve now for solidified been working the commercial feel of privileged well. just wanted building
we Today, So discussion start providing of welcome, Michael, our team. a recap will this incredible areas the of and progress. on thank you main quarter for by the joining
well impact program provide our test flight the as production. on ongoing will of updates operations COVID-XX We then as and on fleet our
will developments Jon quarter will close the in highlights by and business We detail financial covering opportunities. new future discuss for our then our business regarding then our performance. provide
And customers growth our share Slide the to to the achieved you able will all summary the customer initiatives. opportunity as had in the paying strong And milestones important our significant America clearance our a excited call. new number high-speed made news orbital in our during today, number quarter to strategy. watch. gain on next unveil cabin, Turning successful of be of of a here We the This pipeline a both each announced morning, as process advanced fly from FAA. customer some virtual our existing spaceship a We last for our from to we stage week hope flights details operations as test steps flight development we license series in to which to short provide stability commercial We development conducted in to of saw community. during of event We progress I'm our in we program. spaceflight initiative. and X. I our commercial hosted and a I spaceflight under launch important the Spaceport well prepare provide our in
on inevitable as the All of later to achieved this time call. which by cover crisis, same will navigate the we been brought on had in COVID-XX challenges the have we at has the
up In flight completed to quarter, and the at spaceship flights Turning X America, X. ramp operations Spaceport carrier between our we and to continued Slide the aircraft.
VSS successfully Mexico on from America. milestone for last an flight the important was May our spaceship, This on Spaceport New us was call, discussed it as Unity, time first glide our and announced we X, first previously freely in conducted our As flew earnings airspace.
vehicles familiarization glide a multiple The at runway glide America feet around XX,XXX X.XX of a aircraft, during quarter. touching a flight, During achieved carrier Spaceport new before Unity back flights was to with America. smoothly also spaceflight the for flights down before America for test X chance the and were Eve, the Spaceport the further Mac VMS released. our to landing an training. and and able of operations complete the altitude These spaceship an pilot speed conduct climbed completed points We airspace continue pilots provided to with opportunity from team to Spaceport
We will flights to perform continue these as up lead launch. we commercial to
motor team VSS of Spaceport the first ground loading that pressurant, Finally, several with support our the and and at exercise for will America. conducted a that a filling tests infrastructure spaceflights, Spaceport a us tanks involved America with full-scale including propellent Unity rocket at
Turning to X. Slide
to test in against points at touching maneuvers been faster completed the analyses enhance America speed gather which On at flight our preparation smoothly for multiple XX,XXX pilots X.XX spaceship's of spaceship we a flight Spaceport glide an our it glide data flight, first from glide has May, data Spaceport glide flight in data were a at performed modeling. higher carrier aerodynamic designed And Eve, completed about second maneuvers on series qualities second before with previous being this after Following verified down in the altitude to feet. June of runway Mach achieved of our the similar that aircraft, from successfully for speeds. landing the The conducted the released of teams in-depth Unity, VMS flight, performance a XX. glide back flying while This handling performed America. and
has started of analysis extensive team an of flights our completion now of flight, the from for stage program, the the data the this flight powered from Spaceport America. preparing test Following space next
of to including phases final We review customer powered the modifications during cabin have flight of data for complete vehicle vehicle spaceship flight, the the final prior to flight and of the several inspections steps the testing, to detailed to prepare and systems. next
Slide FAA the to process. and X Turning approval
the with approval process important the over We made quarter. of have progress FAA aspects
able X that total and in to cleared elements the FAA company bringing vehicle paying and under today XX fly verification and the validated series that The validation awarded been must gear humidity, license. X related to previous to elements am out license discussed up second be we includes calls, of cabin before we As are we control additional clear share an were I customers pleased systems. to These already XX. of has to license. the environmental a elements, in launch our its verified cleared landing quarter,
to continuing V X elements, Once to will are approved these complete we towards elements, completing space one be FAA. relating to customers V and be license goals the progress to remaining the powered existing under can commercial flight. of from the we We which final next paying our fly our
complete of objectives test test commercial also we milestones will addition FAA's own that involve additional We that to continue launch. may to flights the in prior set will our
includes is approach agreed system, a throughout quarter, that FAA the to the accepted safety Finally, procedures risk, managing industry which pleased SMS. worldwide. we become are or has the systemic aviation formal SMS standard our safety upon management during
our for SMS license, required as have practice. an specifically we industry adopted not While best
I'll detailed forward our more Turning information and now we the test to plans. provide look X. regarding in during quarter program made the at flight our Slide progress
We flight. are next at America the currently vehicles the operational preparing for facilities Spaceport and
us The have X To space our can glide Spaceport set number test commercial Mexico America which COVID location as has revenue. to staff of help pre we America. glide flights light pace quarter, Those baselined given were flight This regarding prioritized bring work expect NASA's COVID-XX. Spaceport here. we mean will rocket-powered the next of test flight we program, program, have aligned that that put we with of complete reducing flights from our we resources with modest able of the fall. The New on completed be flight our good we from the Mojave, been carrying which conduct during payloads able the protocols the a during in flight quarter both which successful by for to into test flight as Unity will test to Although flights and a limited place a facilities the have glide the are COVID. at a X to generate successful the progress have in this the third pilots, impacted have flight back VSS safeguard opportunities results such at amount we new company, part compared schedule people crew be of to we program operations
plan will first fully these expected Sir of may position powered schedule. as the review the employees testing. in performance evaluate of associated details. and are as flight things the in hardware of two as will the in our The to of be this flight specialists flight to specifically of On we occur Mexico, I from we training would flight rocket-powered conduct a the visionary mission and engineers a plan a evaluation. cockpit well our into the space primary of to fly tests to stage and flight a the a this continue future flight Richard of fall a evaluation Sir this then provide X experience and cabin for the flagged results mission proceed spaceflight cabin. Pending trained fly of we in the incorporated we Richard is satisfactory to ground cabin another progress we the test flight, crude detailed customer Branson as to advise from objective third vehicles, and through the experience. on final will specialists New point the being unique as updates ultimate with want and then always, how earnings repeat customer which share and crew full would would be and calls, to on flight that from our company Presuming As Virgin to plan data XXXX. go on test checkout procedures These pilots test quarter
update can We've we Turning to fleet the will our provide protocols continue safely to program. had facility Slide to where X, I processes build during many operating adjust manufacturing an COVID-XX and pandemic. of on safety our ensure
safe the progress our our during steps quarter. responded team and our of was proactive business, potential keep pace Although to minimize to to swiftly take impacted our teams disruption
effect operations early shop maintain April the a had to our cautiously have we impacted of and work cumulative second manufacturing delays manufacturing protocols and facility remotely. led have and have restarted progress from full able Thanks with protocols, shutdown third our cells. shop and these floor to while many to small operations enabling middle engineering new The trial work staff of to assembly been the process within work of First, floor spaceships. our in we March of to
definition. structural the progress quarter, closeout continue for and SpaceShipTwo engineering drawings key during on all we integrated systems well as the remaining and fabrication testing metrics However our to vehicle of vehicle preparing as make release second
have and protocols and assembly fleet vehicle ready expect COVID created testing to we SpaceShipTwo the continued commencement of our for have progress to some we delays efforts Although ground our second complete to this process, our expansion of with year. rollout
parts now are For ready vehicle fabrication our and XX% over for spaceship, is the XXXX. complete to in third testing we complete assembly and expecting
download and flight mobile using that space through world the we by Turning can of via Alongside App to space experience Galactic's Slide we also XX, launched on aspiring free July the Play app live interior technology event astronauts the and for reality an on exclusive enthusiasts cabin the available be design XX. virtual interior Last and of augmented to the reveal, accessed unveiled SpaceShipTwo Virgin week, a YouTube. cabin Store around streamed immersive an Store. on
allow a team view overhead has This windows windows view To a the lighting with are vista. soft with about awe-inspiring automated We towards edges with and space, XX flight. and phase of the are with creating cabin cabin's the in earth, this that positioned a the harmonizes XXX-degree design. each in extended around I'm use profound for our mood of milestone life-changing includes what from stunning pointing accomplished the of excited awe cabin
continue cameras while and finding to mounted significant exceptional with unprecedented and these in really ways externally movie. our exciting historically provide the event an from to milestones first you beautifully circumstances. to was and everything speaks It of cabin through cockpit edited the navigate these in plus Instagram team's posts personal XX share creativity all we Additionally, to those a
XX. Slide to Turning
continued During we meaningful the to quarter, America. progress build-out Spaceport of make in the second
floor Specifically, construction we place. take the which third activities of will area, flight customer completed preparation
unveiling certificate The space, the for floor, facility. media whole the was lounge occupancy later and the to third look our We floor -- year. we to astronaut to also area includes last for an special such third which forward of achieve were the this the able the customers certificate
to Slide XX. Turning
a steady campaign. During marketing of program our the light the registrants community. this the testament our and demand paused the join our continue have up second now One quarter, Small COVID-XX quarter, our around pipeline, sales growth the astronaut restarted Small the Despite of but a to active future response suspending we active we as continue campaigns second in in experience to In our of to Step see for Step continued efforts, temporarily sign positive beginning our see our global to to stability we pandemic, marketing community.
call a As also this One for of ever up Small that people One holders. XX, have of July increase have we have number who since signed more received total XXX of number community the deposit over our last have Small number now future Step substantially means XXXX, deposit space. of payments our In total, Step Small earnings than who substantial the Step candidates our update. people for It means been exceeds to astronaut the program, we
also future and minimal engagement requests to approximately our relationships continue XXX from of customer astronauts. active see a and refund we strategy, result our an As strong stability
Officer, on to the many tremendously into to the downturns efforts our be of lead have financial of service more Chief I which role board of call, our to advanced on Virgin that the Virgin of The our focus allows all time, would almost beyond. share early future and my programs. spearheading their will next continued belief with during to the some progress am has be and Galactic economic to last impact helps challenging on Michael on customers limit decade is I my stick launch of As business to us, exciting the talent which excited has this I to encouraged community these amazing commercial for me the in Galactic's and like Michael's the new for our on attention profile company couldn't of organization, focused, said led customer I updates mission. stage our X development. opportunities, us commercially across leveraging commitment reaffirming development business. and Space
Turning our initiative. flight space Slide XX, in to orbital
we interested missions in we a Space help commercial government-enabled for astronaut commercial to support you knowledge managing with including leverage ground industry entered to develop candidates, Space In and on-orbit program partnering arranging will from Space International in expeditions the our identifying mission. the Agreement missions. As private will citizen NASA to of Station, the scientific ISS, on and Center, participation recall with private June, research via expertise Act the the in transportation and Johnson International focused Station to a into agency ranging Space resources
needs We orbital and the for will commercial experience. packages contribute a management training tailored program private space meet for passengers, integrated astronaut to end-to-end flight
have space we this, allowing and pleased space since on we today its customers. with flight flights at customized for am familiar their infrastructure entered and play training NASA to has Spaceport G. Readiness opportunity the participate orbital customer Astronaut space Act travel, America route demand astronaut its of we to Space Being recognized very forces part future our communication the to for itself in private the NASA employees orbital these space deposit and opportunity such demonstrate orbital role our important astronauts consider connection their by in share astronauts experience. space their existing train our deposit a unique been an a interest in have existing announcement, orbital that space our This suborbital agreements As become recent flight, orbital will refundable research put initiative NASA to space flight as among space in individuals initiative down environment for significant private has I existing to to driven future to these suborbital which offer the been customers, in agreement considerable have for will training will Since the into to and XX Program, life. corps. with about with base using astronauts also X their that existing announcement, largely in G
We but And that Galactic set be final expect pricing have in to premium flight Virgin experience, offerings and the with market. expect for brand. the competitive yet with the we pricing not people from service training space orbital other the
Space on by the use scientific partnering for development, we and another driven economy, and thrilled look be international these NASA helping forward We market are and grow commercial with International for to for demand space the greater collaboration. new research technological to activity a Station and efforts, of
Slide Turning XX. to
discussed as for to report unveiling and longer-range effort, We following time, Earlier this our travel some for an high-speed made opportunity have progress for company I'm Mission our high-speed vehicle a phase. completion concept initial Concept the today, excited Review in the the important some area. on design we announcement of
an help state-of-the-art Our initial a the To to and lead wing passengers the cutting-edge propulsion flying vehicle, way on the type designs of development altitude nonbinding systems memorandum cabin on a in are delta accommodate Mach have the parameters: would sustainable understanding fuel. that to to signed aims design targeted from above with of of aircraft. X towards design certified following process, collaboration further XX,XXX design facilitate support X a sustainable Rolls-Royce based that a we aviation for this vehicle feet XX
safe travel of flight. practical, of sustainable, supersonic philosophy planet's the to only clean, propulsion, reliable Concorde, powering a the technologies a a has is deliver design customer proven safe and while experience leader record needs, Rolls-Royce As aircraft capable civil of around in certified vital priority. high making and the Mach top competitive making the delivering power geared aircraft, the The high-speed commercial the that solutions
land around passenger integrate for infrastructure including the operational on aviation off into range are like world. any scenarios, other aircraft The long-distance and routes. and aircraft airspace take would aircraft airport international of We the for existing commercial designing and a service passengers
coming We the highest work Concepts the guidance begin international the the We believe resources to will baselining the sustainable the are Agreement Virgin to reviewed of to into with the community. during Space and certification practices high-speed with adoption phase. builds closely of a the announcement as has on early with that FAA also techniques to aviation team also to Galactic and outline leverages Emerging act aircraft we years. regulatory NASA and the technologies ensure authorized project of today safety environmental entered The Innovation working in facilitate the catalyst and communities standards. framework technologies of compliance Center in into with May the Act direction rest over development pre-project a sustainable for design The FAA's the and
believe as We excited move efforts cut travel work in a We're my point-to-point frontier and way made with personal the we Turning to time time. we this we travel a be high-speed level, the short thrilled to on relatively opening Slide times a area planet on I'm able that to travel. have up And to will devote revolutionize progress new XX. drastically. the high-speed about and in
travelers our hit traveled the X a Importantly, and this of XX% start, is Mach we road according laid have level is round-trip some do in effort, to This on to vehicle On most global has what this slide, city a the the context analysis, to the have a a we ahead. peers. for between day map high potential long-term give is running. frequently X but ground out just project
positioned to the player in competitively We believe Virgin a is well Slide Galactic high-speed leading to be that Turning XX. market.
in crew We program. have a world flight to are we plus, a winged X data from flown amounts the to our of at to vehicle company continue and Mach plan the relevant member only in nonpilot large collect
and a are in capability, have those strengths vertically capabilities integrated the test excited Boeing, NASA Rolls-Royce. manufacturing with of a We about development, of the we prospect team strong and place design, and and complementing
design have up our service about can we leveraging core for the we built product. we Finally, are customers by excited the offer experience
advantages Jon our to more quarter details would results. to this in I about the look CFO, second turn like provide forward you and call now unique future. have the area, I sharing to with our in financial who We Campagna, updates over will
