Jeff Foust has an extensive description of Virgin Galactic’s plans, based on Will Whitehorn’s talk at last week’s ISDC:

Virgin is open to other uses of suborbital spaceflight, such as point-to-point transportation, although Whitehorn noted that they are not actively pursuing it because they would then be treated as an airline from a regulatory standpoint, with strict limitations on the flights that a foreign-owned airline can offer in the US. Instead, Virgin is looking at the possibility of orbital spaceflight.