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Stock impact report

Virgin Galactic Reenters Space Tourism Market at $750K Per Ticket [CNET News]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: CNET News
Nearly two years since Virgin Galactic's last space flight, the company will once again take regular citizens up into space -- regular citizens who have an extra $750,000, that is. It began accepting online reservations on Monday , with a price tag substantially higher than the $600,000 it charged for trips in 2023. The next expeditions will take place aboard the company's new Delta Class craft, which can hold six passengers (up from four) and can fly twice per week. Virgin Galactic said it will test the new ship this summer and will begin commercial trips in the fall. The first flights will be for research to gather data for how the ship performs, and then passenger flights will begin 6 to 8 weeks after those research expeditions, the company said. If all goes as planned, the first nonresearch passengers could be flying into space before the end of the year, the company said. The company will sell 50 tickets at $750,000 each, then pause sales after all are sold. The company wi Show less Read more
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