Richard Branson's Virgin Galactic has sold approximately 100 seats for its future commercial spaceflights at $450,000 apiece, bringing its total reservations to date to 700.
Apparently, space travel is a popular desire among nearly half of American adults.
Shares of Richard Branson's Virgin Galactic plunged as much as 20% in pre-market trading Friday after the aerospace company announced schedule changes that will delay its commercial spaceflights until the fourth quarter of 2022.
Virgin Galactic Holdings Inc. said it is pushing back the launch of full commercial service for private-astronaut trips until toward the end of next year as it works to improve its space vehicles.
Following the investigation's findings, the FAA required Virgin Galactic to implement changes to how it communicates to the agency during flight operations. Virgin Galactic has also updated its calculations to expand the protected airspace for future flights to ensure "ample protected airspace for a variety of possible flight trajectories during spaceflight missions."
Virgin Galactic said Wednesday that the Federal Aviation Administration has cleared it to resume launches after an investigation into why its spaceship veered off course while descending during a July flight with founder Richard Branson aboard.
Apple co-founder Steve Wozniak announced the creation of a new private space company "unlike the others."
Virgin Galactic is refuting the contents of a September 1 report that claims that the company's historic July 11 suborbital spaceflight could have been close to a "perilous emergency landing."
The FAA is overseeing an investigation into Richard Branson's flight to space that went off course.
The July 11 flight saw Branson and Virgin Galactic employees fly more than 53 miles above the Earth to the edge of space aboard the company’s SpaceShipTwo before landing at the company’s Spaceport America in New Mexico.
Morgan Stanley turns cautious on Virgin Galactic’s stock. Here’s why.
Spaceship company Virgin Galactic said it will open ticket sales on Thursday for space flights starting at $450,000 a seat, weeks after billionaire founder Richard Branson's high-profile trip to the edge of space.
Jeff Bezos might have to settle for an "honorary" title in his space race ambitions after U.S. air authorities altered requirements for the title of "astronaut."
Bezos and his crewmates touched down in the West Texas desert at the end of the more than 10-minute flight on Blue Origin’s New Shepard rocket on the 52nd anniversary of the Apollo 11 moon landing.
"Given that SpaceX and Blue Origin employees have sophisticated high-tech skills with presumably high income, the impacted small community real estate market will clearly benefit," NAR chief economist Lawrence Yun told FOX Business.
The Federal Aviation Administration has opened a new office in Houston, Texas, in order to hold closer watch over the activities of billionaire-owned firms sending people into space.
Jeff Bezos' Blue Origin announced Thursday that an 18-year-old would be the first paying customer to fly onboard its New Shepard suborbital rocket — and the youngest person to ever go to space.
Richard Branson, who boasts a net worth of about $7.7 billion, tweeted a picture of the two billionaire space tycoons together on Sunday, the morning of the flight.
Investors are pushing up Virgin Galactic shares following the aerospace company's successful Unity 22 mission on Sunday, in which Virgin Group founder Richard Branson and five other crewmates flew to suborbital space and back.
In addition to the seats, winners will be given an all-expenses paid trip to New Mexico and a tour of Spaceport America by Virgin Galactic founder Richard Branson.