Virgin Galactic stock rallies as Wall Street hails space-tourism seat sales as a ‘milestone’

Virgin Galactic Holdings Inc. stock jumped more than 7% on Friday as Wall Street looked past a wider-than-expected quarterly loss for the space-tourism company to focus on the news it is selling seats on its space-tourism flights thanks to a “surge in consumer interest.”

Virgin said late Thursday it will offer single seats, a multi-seat package for couples, friends, or families, and a full-flight buyout, with prices starting at $450,000 a seat, up from a previous $250,000.Virgin also surprised analysts by saying it will transition to a new spacecraft family “much faster than anticipated,” he said.

“While the push to the right of additional customer spaceflights is somewhat disappointing, we view the company’s new focus on improving the efficiency of the The lengthier maintenance period postpones revenue generation, but the enhancements will help the supply side of the equation, with the Eve mothership no longer “a major constraint,” Chen said.

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Virgin Galactic lands on $450,000 as starting price for space tourismVirgin Galactic Holdings Inc. said Thursday it is selling seats on its space-tourism flights for $450,000 and up, and reported a “surge in consumer interest”... good Will they take Tripcoin as payment So, we’re gonna ban gasoline cars, but we’ll allow any moron to dump tons of CO2 into the atmosphere for fun?
Source: MarketWatch - 🏆 3. / 97 Read more »

Virgin Galactic lands on $450,000 as starting price for space tourismVirgin Galactic Holdings Inc. said Thursday it is selling seats on its space-tourism flights for $450,000 and up, and reported a “surge in consumer interest”... good Will they take Tripcoin as payment So, we’re gonna ban gasoline cars, but we’ll allow any moron to dump tons of CO2 into the atmosphere for fun?
Source: MarketWatch - 🏆 3. / 97 Read more »