
SPCE Stock Up 4% in Pre-market, Virgin Galactic Publishes Q4 2021 Results, Recommences Ticket Sales
Virgin Galactic said earlier that the ramp-up of astronaut service would determine a favorable profit.
Virgin Galactic said earlier that the ramp-up of astronaut service would determine a favorable profit.
According to Virgin Galactic Spaceflight reservations will amount to $450,000. Whereby those interested will part with an initial deposit of $150,000 and will make their final payment before their flight.
The move to delay the proposed spaceflight test by Virgin Galactic (SPCE) was rooted in its culture of putting its crew and passenger’s safety first.
Further advancement into commercial space service is highly anticipated, a fact that has made the company’s stock gain 71.47% year-to-date and 124.81% in 1 year.
Shares of Virgin Galactic (SPCE) climbed about 28.50% during pre-market trading after the announcement and reached the level of $55.50.
In the pre-market today, SPCE stock is up 6%, trading close to $60. Virgin Galactic shares are expected to grow further and reach new levels.
The IIAS is expected to explore the space using the Virgin Galactic’s new scientific research benefits and applications that are available for human-tended research experiments.
It is not yet clear how many SpaceShip III vehicles the company will produce. However, it is obvious that its VSS Imagine is unique. As soon as this summer, it will start “glide” testing.
Virgin Galactic stock is currently at $27.81 in the pre-market trading, increasing 4.82% over its previous close of $26.53.
Despite Virgin Galactic’s lack of commercial flights, Wall Street has shown some tinge of confidence in the stock performance of the company.
Virgin Galactic stock has climbed more than 106% over the past year. These days, the stock is also in the green.
Despite the recent controversial news related to the shares of SPCE, the entire outlook for the industry remains bullish for 2021.
Virgin Galactic (SPCE) stock closed 24.83% higher on Monday and rose 1.56% in pre-market today.
At the time of writing, as the market opened, Virgin Galactic (SPCE) shares are 19.26% up, trading at $19.60.
Virgin Galactic revealed that it plans to conduct four-hour test flights of the spacecraft’s carrier aircraft WhiteKnightTwo scheduled for October 1 and October 7.