29 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 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 nearly 40% higher at $5.67 a share. It had surged by a similar amount late Thursday.
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