Virgin Galactic restarts space-trip sales at $450,000 and up
On this Sunday, July 11, 2021 file photograph, Richard Branson solutions college students’ questions throughout a information convention at Spaceport America close to Fact or Penalties, N.M. Virgin Galactic is promoting tickets for area flights once more, simply weeks after founder Richard Branson rode a rocket-powered aircraft to greater than 50 miles above the Earth. Tickets aren’t low cost. Virgin Galactic is setting costs to start out at $450,000 a seat. The corporate introduced the gross sales because it reported Thursday, Aug. 5, 2021 that it misplaced $94 million within the second quarter. Prices for overhead and gross sales jumped from a 12 months earlier. Income was simply $571,000, barely sufficient to cowl one seat on a future flight. Credit score: AP Photograph/Susan Montoya Bryan, File

The ticket window is open once more for area flights at Virgin Galactic, with costs beginning at $450,000 a seat.

The space-tourism stated Thursday it’s making progress towards starting income flights subsequent 12 months. It should promote single seats, package deal offers and full flights.

Virgin Galactic introduced the choices because it reported Thursday that it misplaced $94 million within the on hovering prices for overhead and gross sales. The corporate posted income of $571,000, barely sufficient to cowl one seat on a future .

The corporate’s most noteworthy current achievement got here final month, after the quarter ended, when founder Richard Branson and five crewmates soared to 53.5 miles (86 kilometers) above the New Mexico desert.

CEO Michael Colglazier stated the corporate resumed gross sales on Thursday to make the most of a surge in client curiosity after the flight by Branson, who beat rival billionaire Jeff Bezos and his Blue Origin ship into area by 9 days.

The corporate primarily based in Las Cruces, New Mexico, gained regulatory approval in June to fly individuals into area.

Virgin Galactic stated “early hand-raisers” will get first precedence to guide seats, and one other listing can be created for brand spanking new prospects.

The corporate’s subsequent spaceflight is scheduled for late September in New Mexico with the Italian air drive.

Virgin Galactic stated it ended the quarter with money and equivalents totaling $552 million.

The outcomes have been launched after the inventory market closed. The corporate’s shares have been up practically 5% in after-hours buying and selling.


After Branson flight, Virgin Galactic slumps on stock sale


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