Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares jumped 4% after the company said the May mission would be the final test of the spaceflight system and astronaut experience before it opens up for commercial services. FILE PHOTO: Richard Branson and Virgin Galactic crew members enter the company's passenger rocket plane, the VSS Unity, in a still image from undated handout video taken at Spaceport America near Truth or Consequences, New Mexico, U.S. Virgin Galactic/Handout via REUTERS. The company, backed by billionaire Richard Branson, had in May last year delayed its commercial service to the first quarter of 2023 due to supply-chain cris...
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Billionaire Richard Branson's spaceship company Virgin Galactic said on Friday it received approval from the U.S. aviation safety regulator to fly people to space, turning up the pressure on rivals in the nascent and expensive space tourism sector. The company's shares surged as much as 40% to $56.40, their highest since February, after more than doubling in value this year. FILE PHOTO: Virgin Galactic's SpaceShipTwo flies over the Mojave Desert in California April 29, 2013 REUTERS/Gene Blevins The approval from the Federal Aviation Administration (FAA) comes at a critical time for Branson as his space venture faces off against Amazon.com founder Jeff Bezos' Blue Origin and Tesla Inc boss Elon Musk's SpaceX. Bezos, Branson and Musk have been investing billions of dollars on th...
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