Virgin Galactic delays launch of commercial space flight service

div classBodysc17zpet90 cdBBJodivpReuters – Virgin Galactic Holdings Inc will delay the launch of its commercial space flight service to the first quarter of 2023, the space tourism company said on Thursday, citing supply chain crisis and labor constraints.p

pShares of the company fell nearly 2 in extended trading.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“We look forward to returning to space in the fourth quarter and launching commercial service in the first quarter of next year,” Chief Executive Officer Michael Colglazier said. p

pThe Richard Bransonfounded company had earlier planned to launch the commercial space flight service in the fourth quarter of 2022.p

pA handful of companies including Elon Musk‘s SpaceX and Jeff Bezos’ Blue Origin are striving to make space tourism a reality, and some have already launched civilian missions.p

pVirgin Galactics net loss stood at 93.1 million during the first quarter ended March 31, compared to a loss of 129.7 million, a year ago.p

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pp Reporting by Tiyashi Datta in Bengaluru Editing by Shailesh Kuberp

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