Virgin Galactic and Rolls Royce Ink Partnership

Virgin Galactic (NYSE:SPCE) inked a non-binding memorandum of understanding with Rolls-Royce (OTCPK:RYCEF) to collaborate in designing and developing engine propulsion technology for supersonic commercial travel.

It also unveiled its initial design concept of a high-speed aircraft – that would have capacity for 9 to 19 people at an altitude above 60K feet – before disclosing earnings results and a new 20.5M stock offering that weighed on shares.

On Sunday, SpaceX (SPACE) ferried astronauts Doug Hurley and Bob Behnken back from the International Space Station for a landing in the Gulf of Mexico, marking the first splashdown in the last 45 years of NASA travel.

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Image: Photo by Waldemar Brandt on Unsplash


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