Rocket ship, blastoff.
Virgin Galactic is jumping on Tuesday, with the stock up nearly 7% as of 7:18 a.m. ET, after the space tourism company said it’s ready to restart taking well-heeled customers to infinity and beyond, selling 50 slots for space travel at $750,000 apiece.
During its Q4 conference call on Monday, CEO Michael Colglazier said seats for company’s next tranche of availability would be priced even higher than that, and outlined plans to ramp space flights next year.
Source: company presentation
Virgin had paused its space tourism program after a June 2024 flight to focus on building a better spacecraft.
The news on ticket sales restarting helped boost the stock despite a middling set of Q4 results, which saw the company’s revenues come in a little lower than expected while its adjusted EBITDA loss was slimmer than feared.
The stock jumped as much as 25% in postmarket trading on Monday before paring those gains early on Tuesday morning. Other space-oriented stocks like Rocket Lab and AST SpaceMobile are also trading to the upside amid this new.
A warning of this price hike also prompted a rally in the past: shares of Virgin also soared in May 2025 when management said that the price of tickets would be rising from their prior level of $600,000.
Even with today’s gain, shares of the once hot SPAC IPO are down more than 99% from their 2021 peak.