Virgin Galactic Flight Test Program Update: SpaceShipTwo Preparing for Second Test Flight from New Mexico

Test flight Window Opens Today, June 25, 2020

Flight Results to be Released with Media Broll Package Post-Market Close

LAS CRUCES, N.M.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or “the Company”), a vertically integrated aerospace company, is preparing for the second glide flight of SpaceShip Two, set to launch from Spaceport America in New Mexico.

The window for this test flight opens today, Thursday, 25 June 2020. Currently, weather appears favourable through the end of the week.

Virgin Galactic will provide an update on the results of this glide flight with an additional press release and media broll package post-market close on the day of flight. The company will not provide social media updates during the flight.

Virgin Galactic’s first test flight from New Mexico on 1 May 2020 was a great milestone for the team, as this marked the first free flight for VSS Unity from New Mexico. This flight tested all components required to fly the carrier aircraft and spaceship in glide configuration, and included pilot proficiency training and testing of ground operations.

This glide flight test will be a high-speed glide enabling the team to evaluate systems and vehicle performance in advance of rocket-powered space flights from the company’s new operating base in New Mexico. The team will continue to check vehicle systems and operational procedures at Spaceport America, pilot proficiency training and will test new glide flight test points.

The pilots for this flight will be Mark ‘Forger’ Stucky and Michael ‘Sooch’ Masucci flying VSS Unity. Both pilots are commercial astronauts, having each previously flown Unity into space on different flights. Nicola Pecile and CJ Sturckow will be flying VMS Eve.

The company remains committed to operating safely and diligently during the Covid-19 pandemic, with required safety protocols in place.

You can download all press materials from the Virgin Galactic Press FTP including Broll from the May 1 test flight.

About Virgin Galactic

Virgin Galactic is a vertically-integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. Using its proprietary and reusable technologies and supported by a distinctive, Virgin-branded customer experience, it is developing a spaceflight system designed to offer customers a unique, multi-day, transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico. Virgin Galactic and The Spaceship Company believe that one of the most exciting and significant opportunities of our time lies in the commercial exploration of space and the development of technology that will change the way we travel across the globe in the future. Together we are opening access to space to change the world for good.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the “Company”), including statements regarding the Company’s spaceflight systems, markets and expected performance. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to the factors, risks and uncertainties regarding the Company’s business described in the documents filed by the Company from time to time with the Securities and Exchange Commission (the “SEC”). These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.