Virgin Galactic Stock Soars as Company Readies for First Commercial Space Flight

Virgin Galactic Stock Soars as Company Readies for First Commercial Space Flight

Business
June 16, 2023 by secret
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Updated 14 min ago Virgin Galactic Stock Soars as Company Readies for First Commercial Space Flight By Quentin Webb , Deputy Finance Editor for Europe Virgin Galactic (SPCE)‘s shares are rocketing after the company said it was days away from sending its first commercial flight into space, following years of delays. Galactic 01 is due
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Updated 14 min ago

Virgin Galactic Stock Soars as Company Readies for First Commercial Space Flight

Virgin Galactic (SPCE)‘s shares are rocketing after the company said it was days away from sending its first commercial flight into space, following years of delays.

Galactic 01 is due to fly between June 27 to June 30, carrying a team of three Italian researchers, Virgin Galactic said. After that, it expects to start monthly flights from early August. Private astronauts will pay $450,000 to fly.

In recent premarket trading, Virgin Galactic stock stood 42% higher at $5.78 a share. It had surged by a similar amount late Thursday.



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