Virgin Galactic Flight Test Program Update – VSS Unity Preparing For First Rocket Powered Flight From New Mexico

Virgin Galactic Holdings, Inc. (NYSE: SPCE), today announced its new flight window since it paused the spaceflight preparations in response to state guidelines from the New Mexico Department of Health to reduce the spread of COVID-19.

The new flight window will open on December 11, pending good weather conditions and technical readiness. This flight expects to fulfill a number of objectives, including testing elements of the customer cabin as well as assessing the upgraded horizontal stabilizers and flight controls during boost. The flight will also carry payloads as part of the NASA Flight Opportunities Program.

The flight will be conducted by essential personnel only. No guests or media will be onsite, in accordance with company and state COVID-19 protocols. The operational footprint at our New Mexico facilities has been further minimized in the past 2 weeks. Only essential staff will be onsite to support the pre-flight operations ahead of the flight and the day of flight.

Michael Colglazier, CEO, Virgin Galactic said: “With safety as our core priority, we remain committed to completing our first powered flight in New Mexico. In accordance with local government guidelines and safety protocols, we have minimized the number of people onsite to the greatest degree possible. While on this occasion no media or guests will be allowed onsite, our team will endeavour to capture and share the beautiful images with the world after the flight has been completed. We look forward to completing this important milestone in our test flight program in the coming weeks.”

Gov. Michelle Lujan Grisham said, "I'm grateful to Virgin Galactic, as I am to every business in our state, for their commitment to safety in this difficult time. This is an exciting announcement that demonstrates we have gotten back on track in a safe and speedy manner. New Mexico's future on the cutting edge of aerospace development is brighter than ever."

You can read more about our flight objectives and pre-flight preparations that occur in the weeks leading up to flight.

About Virgin Galactic Holdings

Virgin Galactic Holdings, Inc. is a vertically integrated aerospace and space travel company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. It is developing a spaceflight system designed to offer customers a unique and transformative experience. You can find more information at https://www.virgingalactic.com/

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Virgin Galactic Holdings, Inc. (the "Company"), including statements regarding the Company’s spaceflight systems, markets and expected performance. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to the factors, risks and uncertainties regarding the Company's business described in the documents filed by the Company from time to time with the Securities and Exchange Commission (the "SEC"). These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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