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Stock impact report

Virgin Galactic reopens sales for spaceflight tourism priced at $750,000 a seat [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
In a conference call with investors and journalists Monday, CEO Michael Colglazier said the company would open up 50 more spaces for 90-minute suborbital pleasure flights aboard its SpaceShip spaceplane, starting in late 2026 or early 2027. It comes after repeated delays and setbacks for the California-based company, which has been taking bookings for more than two decades but has so far only managed to fly a handful of commercial passengers beyond Earth's atmosphere Branson himself, a boisterous 75-year-old British billionaire known for daredevil stunts such as crossing oceans in a hot-air balloon , took a Virgin Galactic spaceflight with much fanfare in July 2021 , followed by its first fully commercial expedition in 2023 But despite initial promises of starting spaceflights in 2011, it has repeatedly struggled to realize Branson's soaring ambitions amid mechanical problems , manufacturing delays, and a fatal crash in 2014 that claimed the life of 39-year-old co-pilot Michael Show less Read more
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