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Virgin Galactic Up 3% In Pre-market After Reopening Space Ticket Sales

Shares of Virgin Galactic Holdings, Inc. (SPCE) are up 3 percent in pre-market trade on Friday, as news of sale of tickets for suborbital flights eclipsed second-quarter results that showed wider loss than last year.

The integrated aerospace company and space travel company had on Thursday reported second-quarter loss of $94 million or 39 cents a share on revenue of $571,000 versus a loss of $72 million or 34 cents a share on nil revenues in the year-ago quarter.

The space travel company also announced Thursday its plans to reopen space ticket sales. For the private astronaut market, the company would be offering three options of single seat, multi-seat as well as a full-flight buyout. Pricing for these offers would be starting at $450,000 a seat and would initially be prioritized for early hand -raisers and Spacefarer Community.

The company founded by the entrepreneur Richard Branson also announced that its next rocket-powered space flight, Unity 23, a revenue-generating flight with the Italian Air Force was targeted to occur in late -September.

SPCE has traded in the range of $14.27 to $62.80 in the past 52 weeks.


It is currently trading in pre-market hours at $32.66, up $1.13 or 3.58 percent from previous close.

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