Virgin Galactic unveiled the VSS Imagine on Tuesday, the first of its next-generation SpaceShip III class of vehicles.
It is the third spacecraft the company has built to date. The VSS Imagine was designed with lessons taken from flight testing on VSS Unity in mind.
SpaceShip III class spacecraft can be manufactured faster and take less time to maintain between each flight compared to SpaceShipTwo class spacecraft due to their modular design.
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Virgin Galactic is on track for a test flight in May, after a delay in December.