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Far from an internal exercise, this first round of the

program involved a cadre of our future astronaut

customers. And we’ve been connected now to our

future astronauts for over a decade, as I was speaking

to the folks here at the head table. I was actually, in

fact, one of those customers originally that’s how

I got connected to the company.

I bought a ticket for myself and for my wife, and

we look forward to flying as soon as we can. But as

I watched this group of wonderful people light up

this new phase of preparation, it spoke to the true

importance of what it is we’re doing.

The Virgin Galactic Spaceflight System in front of Spaceport America

I would love for as many of you to come by, whether as astronauts or not, to come

visit it. Because I really think that as people who appreciate the aviation sector

and the aviation history, you will see, and you’ll get a sense of the sort of the

monumental nature of what we’re building in New Mexico and with our vehicles.

What I think is most important is that last

month, we ferried Unity to Spaceport America,

the first time our spaceship had touched

ground in New Mexico, its new home. Beyond

flight, our team made and is continuing to

make significant strides to prepare for our

upcoming commercial operations and in

growing out our business.

SpaceShipTwo Unity Relocates to

Virgin Galactic’s Gateway to Space,

Spaceport America, New Mexico

We announced a partnership with Under

Armour for our custom designed personalized

flight suits which each of our future

Full Range Virgin Galactic and Under Armour

Spacewear System for Private Astronauts

astronauts will wear during their flights.

And also, working in concert with

Under Armour, our pilots, and our expert

medical and training staff, we kicked

off the first iteration of our Astronaut

Readiness Program, a short training

regime which will familiarize our

customers with the experience of

spaceflight and prepare them for

time aboard SpaceShipTwo.

Virgin Galactic’s Second

Spaceship Weight on Wheels

Back in Mojave, where our teammates at The

Spaceship Company remain firmly rooted, significant

progress has been made on building out a true fleet

of vehicles. In early January, we achieved Weight on

Wheels for our second spaceship, all major structural

elements of the vehicle being assembled, and the

vehicle carrying its own weight on its own landing

gear for the very first time.

We hit this milestone considerably faster than was the case when we were

constructing the first spaceship, a pace achieved through a more efficient modular

assembly process, and of course, the benefit of experience. Meanwhile, our third

spaceship is not very far behind with over 50% of the structural and system parts

already fabricated.

The construction of the

space line underlines

our ambitions. Having

several ships in our fleet,

each independent, each

interchangeable, means we

can hit true reusability in

our systems and achieve

a genuine routineness in

our cadence. With several

spaceships and consistent

service, we can fully cater

Virgin Galactic Fleet

to both future astronauts and

to our future astronaut manifest while accommodating regular flights of

research payloads.

Pg 8 Pg 9

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