The new rocket announced by Virgin Galactic this month is known as LauncherOne. It is designed to cheaply and efficiently place payloads of up to 500 pounds in low earth orbit. As Richard Branson says in this video “Space is Virgin territory”. They want to put it in the reach of everyone. The tested and proven launch method they used when they won the X prize is the same method they will use to place the LauncherOne rocket into orbit. The White Knight jet will take the rocket to launch altitude and then drop it. Four seconds later the rocket will ignite and travel into orbit. You can read more about LauncherOne  in this article.