Virgin Galactic's First Commercial Flight Sends Stock Price Soaring
TL;DR Summary
Virgin Galactic's stock price surged by 47% after the company announced its first commercial flight, scheduled for June 27, with another in August. The company has faced delays and technical issues, and missed its 2021 revenue projection by 98%. Private space flights will cost $450,000 per ticket. Despite the stock's recent spike, it is still trading far below highs reached in 2021.
Topics:business#business#commercial-flights#richard-branson#space-tourism#stock-market#virgin-galactic
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