LauncherOne will be a two-stage rocket capable of carrying satellites that can weigh as much as 500 pounds into orbit for less than $10 million, Branson said. The new vehicle’s first commercial flight is scheduled to take place by 2016.
Virgin Galactic makes its spaceships in Mojave, where the crafts are undergoing test flights. The company also aims to launch paying customers into suborbital space as early as next year from Spaceport America in Upham, N.M.
“Virgin Galactic’s goal is to revolutionize the way we get to space,” Branson said at the Farnborough International Airshow in England. “LauncherOne is bringing the price of satellite launch into the realm of affordability for innovators everywhere, from startups and schools to established companies and national space agencies.”
Branson also announced that four private companies have put down deposits as future LauncherOne customers, expressing their intent to buy several dozen launches.
The New Mexico Spaceport Authority is working with Virgin Galactic to make Spaceport America a primary site, or at least a preparation location, for LauncherOne business, although no decisions have been made, an authority spokesman told the Journal last week.
Virgin Galactic’s way of getting to space is a bit different from previous ground-launched systems.
Instead of launching a satellite directly into space with a rocket, Virgin Galactic plans to do the following: A rocket tipped with a satellite will be attached to the wings of a White Knight aircraft — which resembles a massive flying catamaran because each has two fuselages — flown to 50,000 feet and dropped like a bomb.
LauncherOne will free-fall for about four seconds before the rocket’s first stage ignites and propels the satellite into space. The satellite will then be jettisoned and taken to a designated low-Earth orbit.
The high-priced small-satellite launch market “is an area ripe for disruption,” Virgin Galactic Chief Executive George Whitesides said in a statement. “Miniaturized satellite components and constrained budgets are driving commercial clients, academic users and government agencies all to clamor for an affordable, dedicated launch vehicle.”
But with these lofty goals, Virgin Galactic still needs to prove its systems will work. It hopes to have its first rocket-powered test flight on the passenger-carrying space ship, called SpaceShipTwo, by year’s end.
The company said it has taken reservations and deposits from more than 529 people ready to make the trip from the company’s spaceport in New Mexico. That’s a number greater than the total count of people who have been to space throughout human history.