Virgin Galactic Announces New Research Flight Contract with Repeat Customer

OORANGE COUNTY, Calif. – (June 20, 2024) – Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the “Company”) today announced a new contract with the International Institute for Astronautical Sciences (“IIAS”) to fly three research astronauts as part of a future crew aboard the Company’s Delta Class spaceship.

It will be the second research mission that IIAS has conducted with Virgin Galactic. It follows ‘Galactic 05’ in November 2023, which tested novel healthcare technologies and examined how fluids behaved in low gravity to help inform designs for future medical technologies and life-support systems. The mission is anticipated to take place within the first year of Delta commercial service, which remains on track to commence in 2026.

“We were thrilled with the results from our fluid cell experiment on ‘Galactic 05’, which demonstrated our ability to accurately predict the behavior of fluid in a container in a weightless environment. We’ll be expanding on that research for our next mission, and I’ll be working to demonstrate our ability to control the behavior of the liquid as well,” said astronaut and IIAS Director of Human Spaceflight Operations Kellie Gerardi. “The quality and repeatability of the microgravity environment provided by Virgin Galactic’s system is truly game-changing and the potential for a ‘fly, fix, fly’ approach opens the door to many exciting possibilities for IIAS to make discoveries that benefit future explorers.”

The IIAS astronaut crew expected to participate in the research mission includes:

· Kellie Gerardi, a bioastronautics researcher and IIAS Director of Human Spaceflight Operations from the U.S. Gerardi previously flew as a payload specialist on the ‘Galactic 05’ research mission.

· Dr. Shawna Pandya, a physician, aquanaut, bioastronautics researcher, and Director of IIAS’s Space Medicine Group, from Canada.

· Dr. Norah Patten, an aeronautical engineer and bioastronautics researcher from Ireland.