🤯 Picked by our AI, this stock rallied more than Nvidia this month, yielding 94% since MarchSee the stock

Virgin Galactic sets date for first commercial flights

Published 2023-06-16, 04:11 a/m
© Reuters Virgin Galactic sets date for first commercial flights
SPCE
-

Proactive Investors - Virgin Galactic Holdings Inc (NYSE:SPCE) has set a date for its first commercial space tourism flight for the last week of June.

The flight window for what it is calling Space Mission 'Galactic 01’ is 27-30 June.

All the passengers on the first flight will be members of the Italian Air Force on a research mission.

After that, the space tourism company co-founded by Sir Richard Branson, expects to follow with a second flight in "early August" and then with monthly commercial flights thereafter.

Around 800 tickets have already been sold for commercial flights at prices starting at US$450,000 apiece, with these paying astronauts being flown to a height of almost 90 kilometres above the earth’s surface.

Virgin Galactic's Unity rocket is carried under the wing of its VMS Eve mothership before detaching and firing its own rockets to reach its suborbital altitude, where space tourists will enjoy a few minutes of weightlessness before the rocket heads back to land at the company's New Mexico base.

Each flight is expected to generate upwards of US$2.7mln for the company.

Last month Virgin Galactic ticked the final box to begin commercial flights by completing its final first successful near-space flight in two years.

Read more on Proactive Investors CA

Disclaimer

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.