Virgin Galactic is one step closer to carrying out its mission of commercial space travel in 2022 with the unveiling of the VSS Imagine, the first in its Spaceship III class.
The reflective material used for the exterior of the ship, initially designed as part of its thermal protection system, mirrors its surroundings, an engineering requirement that then became a design choice.
"A lot of the design and the innovation happens under the hood for us," Michael Colglazier, Virgin Galactic CEO, told Cheddar.
"The big place that really matters is we can now find ways to maintain and have the ship fly more quickly than we were able to do before, and that's really, really critical because we want to fly these lots of times every year and bring a lot of people up to space."
The company has set some early goals to launch 400 flights a year from each of the world's 28 spaceports. Potential astronauts can expect to pay a hefty price tag for the inaugural flights, which will exceed $250,000 which was initially announced by the company.
Colglazier said as the company ramps up commercial space travel and the trips become more regular, those aspiring to travel to space can expect more affordable prices, noting that as with many young industries prices tend to start high before curving downward.
"Virgin Galactic is focused on human spaceflight, and what I'm most looking forward to is this becoming normalized. I think most of us look at this and not long ago would've said 'Well that's never going to happen in my lifetime,' and yet here we are today and it is happening," he noted.
Training for the space flights would be expected to take place over the course of five days with flights lasting just 90 minutes. Richard Branson, Virgin Galactic's founder, is scheduled to take a test flight later this year as part of the pitch to get people on board.
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Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
