"The most attention-grabbing catalyst is the return of ticket sales. Virgin Galactic has resumed selling reservations for its upcoming commercial spaceflights, with seats now priced at $750,000 each. This marks a significant price increase from earlier reservation tiers and signals confidence that the company's Delta-class spacecraft will be ready to deliver on that premium."
"Virgin Galactic's first new vessel is nearing completion, with ground testing scheduled for April. Flight testing is targeted for Q3 2026, and commercial service is planned for Q4 2026. These are the milestones the market has been waiting on for years, and Virgin Galactic is now executing against them on a public timeline."
Virgin Galactic Holdings shares increased by 18% as the company resumes ticket sales for commercial spaceflights at $750,000 per seat. This marks a significant shift after a two-year pause, indicating confidence in the upcoming Delta-class spacecraft. The first new vessel is nearing completion, with ground testing set for April and flight testing planned for Q3 2026. These developments are crucial for revenue generation, as the company currently has 675 reservations in its backlog and aims to transform its revenue profile with more frequent flights.
Read at 24/7 Wall St.
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