[walrus01]

Blue Origin is presently spending a great deal of money developing New Glenn. I would be very surprised if we don't see a flight test of the "v1.0" full scale rocket before 2025.

Virgin Galactic has nothing in development with anywhere near the velocity capability for low earth orbit. Going up in a parabola to 100 km or 150 km and then coming back down again, a few hundred km down range, is a very different sort of delta-v requirement versus putting something in a stable orbit.

They are in "about the same place" for things that are flying now, but for the next generation beyond that, Blue Origin is far ahead.