AP News | |

The Federal Aviation Administration said Thursday that Virgin Galactic cannot launch anyone into space again until an investigation is complete into a mishap that occurred during July’s flight with founder Richard Branson.

The ban came as Virgin Galactic announced plans to launch three Italian researchers to the edge of space in a few weeks.

Kimberly Redmond | |

Virgin Galactic Holdings filed to sell up to $500 million in common stock to investors Monday morning, just a day after its billionaire founder Richard Branson completed a historic flight to the edge of space and back.

In its shelf filing with the US Securities and Exchange Commission, Virgin Galactic named Credit Suisse, Morgan Stanley and Goldman Sachs as agents for the deal.

AP News | |

Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert.

Company officials said it will likely be summer before the VSS Imagine — designed and manufactured in California — undergoes glide flight testing at Spaceport America in southern New Mexico. That will coincide with the final round of testing for the current generation of spacecraft, which will be the one that takes British billionaire and Virgin Galactic founder Sir Richard Branson to the fringes of space later this year.