Black Friday Sale! 50% Off All Access

Virgin Galactic's VSS Unity Completes Human Spaceflight It marks the Richard Branson-founded company's third foray into space and aerospace's first-ever successful launch from New Mexico.

By Emily Rella

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

Opinions expressed by Entrepreneur contributors are their own.

GENE BLEVINS | Getty Images

The battle of the billionaires hoping to claim their stake in outer space wages onward.

This past weekend, Richard Branson's Virgin Galactic spaceflight company successfully reached outer space for the third time in its history when it launched the VSS Unity to an altitude of slightly more than 44,000 feet (it was designed to go as high as roughly 50,000). It also marks the first time any aerospace company has launched from New Mexico.

Related: You Can Now Take A Ride In Jeff Bezos' Rocket Ship for $2.8 Million

"Today's flight showcased the inherent elegance and safety of our spaceflight system, while marking a major step forward for both Virgin Galactic and human spaceflight in New Mexico," Michael Colglazier, Chief Executive Officer of Virgin Galactic, said in a statement. "We will immediately begin processing the data gained from this successful test flight, and we look forward to sharing news on our next planned milestone."

The VSS Unity, reached a speed of Mach 3 after being released from its "mothership," the VSS Eve.

It was a historic flight for pilot-in-command CJ Sturckow who is now the first and only person to fly into space from three different American states.

"I am proud of the team for their hard work and grateful to the people of New Mexico who have been unwavering in their commitment for commercial spaceflight from day one," Branson said. "Their belief and support have made today's historic achievement possible."

The successful flight comes at an ideal time for Virgin Galactic, which hopes to receive a commercial license in order to launch flights for paying customers. There have also been recent reports of Branson selling millions in company stock amid pandemic losses.

"By repeatedly demonstrating high levels of safety, unparalleled customer experience and commercial viability, we will create conditions that will lead to rapid innovation and expansion," the company added.

As mentioned earlier, commercial space exploration has been a hot topic as of late. Just last week, an online auction opened to the public for a seat on the New Shepard, a spacecraft designed by Jeff Bezos' Blue Origin company. The current highest bid is a casual $2.8 million.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Making a Change

This All-Access Pass to Learning Is Now $20 for Black Friday

Unlock more than 1,000 courses to fit your schedule.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Health & Wellness

How to Improve Your Daily Routine to Strike a Balance Between Rest and Business Success

Here's how entrepreneurs can balance their time and energy to prevent burnout.

Business News

Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market 'Go Ballistic'

Corcoran said she praying for lower interest rates and people are "tired of waiting."

Business News

The Two Richest People in the World Are Fighting on Social Media Again

Jeff Bezos and Elon Musk had a new, contentious exchange on X.

Money & Finance

Why Donald Trump's Business-First Policies Trump Harris' Consumer-Centric Approach

President Donald Trump's pro-business agenda is packed with policy moves encouraging investment to drive economic growth. The next Congress has a unique opportunity to support entrepreneurship and innovation, improving U.S. competitiveness with the rest of the world.