Virgin Galactic Holdings: Virgin Galactic Update on Test Flight Program The Test Flight on December 12, 2020 Did Not Reach Space as Planned, as the Rocket Motor Did Not Fire Due to the Ignition Sequence not Completing Virgin Galactic Holdings, Inc. (NYSE: SPCE), a vertically integrated aerospace and space travel company, announced an update following its recent test flight on December 12, 2020. During the test flight, the rocket motor did not fire due to the ignition sequence not completing. Following this event, the pilots conducted a safe landing and return to Spaceport America, New Mexico as planned. Virgin Galactic is now conducting post-flight analysis and can so far report that the onboard computer which monitors the propulsion system lost connection, triggering a fail-safe scenario that intentionally halted ignition of the rocket motor. This system, like others on the spaceship, is designed such that it defaults to a safe state whenever power or communication with sensors is lost. The pilots in the spaceship, as well as the engineers and pilots in mission control, are well prepared for any off-nominal results, as they plan and rehearse many potential scenarios during pre-flight simulation practice sessions, including a scenario where the rocket motor does not ignite after release from the mothership.