Page 1

Vagia ● Quarter of Strong Operational Progress Including : Successful Completion of Third Spaceflight ; First Spaceflight from Spaceport America , New Mexico ; Unity 21 in May Approval from FAA for Full Commercial Launch License in June Successful Completion of Fourth Spaceflight ; First With a Full Crew ; Unity 22 in July Reopening Sales , with Prices Beginning at $ 450,000 Per Seat Next Rocket - Powered Spaceflight , Unity 23 , Targeted for Late - September GALACTIC Virgin Galactic Announces Second Quarter 2021 Financial Results LAS CRUCES , N.M. - August 5 , 2021 - Virgin Galactic Holdings , Inc. ( NYSE : SPCE ) ( " Virgin Galactic " or the " Company " ) , a vertically integrated aerospace and space travel company , today announced its financial results for the second quarter ended June 30 , 2021 . " In the second quarter , we made meaningful progress towards commencing commercial service in 2022 . We successfully completed two spaceflights from New Mexico the latest carrying a full crew of mission specialists in the cabin and garnering an extraordinary global media and consumer response . In addition , we received FAA approval to expand our existing launch license , marking the first time the FAA has licensed a Spaceline to fly customers to space , " said Michael Colglazier , Chief Executive Officer of Virgin Galactic . " Leveraging the surge in consumer interest following the Unity 22 flight , we are excited to announce the reopening of sales effective today , beginning with our Spacefarer community . As we endeavor to bring the wonder of space to a broad global population , we are delighted to open the door to an entirely new industry and consumer experience . " ● Business Highlights : On July 11 , 2021 , successfully completed first fully crewed spaceflight . This spaceflight marked VSS Unity's 22nd flight and its fourth spaceflight . The flight fulfilled test objectives including evaluating the cabin and customer experience . ● On May 22 , 2021 , successfully completed first spaceflight from Spaceport America , New Mexico . This spaceflight marked VSS Unity's 21st flight and its third spaceflight . The flight fulfilled test objectives including confirming the technical readiness of the spaceship's upgraded flight controls and horizontal stabilizers . The flight also carried revenue - generating scientific research experiments . In June , the Federal Aviation Administration ( " FAA " ) updated the Company's existing commercial space transportation operator license to allow the spaceline to fly customers to space . The adjustment marked the first time the FAA has licensed a spaceline to fly customers . In June , we announced a new contract for a human - tended research spaceflight . The company will fly Kellie Gerardi , a researcher for the International Institute for Astronautical Sciences ( IIAS ) , on a