Virgin Galactic plans first commercial space service for June; shares take off

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Virgin Galactic Holdings , the space tourism firm founded by Richard Branson, said on Thursday its long-awaited commercial spaceflight service would launch later this month, sending its shares up over 55% in trading after the bell.

Virgin Galactic logo is displayed on a screen on the floor of the New York Stock Exchange as the company begins public trading in New York, U.S., October 28, 2019. REUTERS/Brendan McDermid, the space tourism firm founded by Richard Branson, said on Thursday its long-awaited commercial spaceflight service would launch later this month, sending its shares up over 55% in trading after the bell.

"Galactic 02" will follow in early August, with monthly spaceflights expected thereafter, the company said.

 

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