Virgin Galactic is booking space trips at US$750,000 apiece

Virgin Galactic also stated that it expects its second SpaceShip to enter service between late in the fourth quarter of this year or early in 2027. Photo by Handout/Virgin GalacticArticle contentVirgin Galactic Holdings Inc. shares jumped after it resumed sales of its commercial space flights on a limited basis, signalling the Richard Branson-founded company is moving toward restarting tourism operations after a two-year hiatus.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe California-based company said it released a number of tickets for spaceflight expeditions, each priced at US$750,000, or about US$100,000 higher than it previously charged.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentArticle contentVirgin Galactic stock rose as much as 20 per cent in Tuesday trading in New York. The stock is down about 30 per cent for the year through Monday’s close, as the space tourism industry faces limited demand and technology hurdles. Virgin Galactic paused ticket sales while it works to debut its upgraded Delta spaceplane.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentAfter Blue Origin LLC announced in January that it suspended flights of its New Shepard rocket, Virgin Galactic was left as the only major company focused on short trips to space for sightseeing.Article contentVirgin Galactic’s announcement on ticket sales came as it reported fourth quarter financial results for 2025 on Monday that fell short of analysts’ expectations. Revenue was about US$312,000 for the fourth quarter, below the US$360,000 expected on average by analysts polled by Bloomberg.Article contentThe company said it lost 98 cents per share in the quarter, more than the 82-cent loss Wall Street forecast.Article contentVirgin Galactic also stated that it expects its second SpaceShip to enter service between late in the fourth quarter of this year or early in 2027, when the company plans to ramp up spaceflights.Article contentIt had cash and cash equivalents of US$144.7 million, it said, down 19 per cent from the year ago period. Virgin Galactic also expects to burn around US$90 million for the first quarter of 2026.Article content—With assistance from Sana Pashankar.Article contentBloomberg.comArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentTrending Chinese cars can’t cross from Canada to U.S., Trump’s envoy says Autos Opinion: Doug Ford hands Donald Trump a trade weapon FP Comment Suncor reveals expansion plans as key oilsands mine enters its last decade Energy Old Age Security reform is a good idea; arbitrary clawbacks are not Personal Finance Subscriber only. Chinese are burying their dead in empty apartments rather than pay skyrocketing cemetery costs Subscriber only Financial Times Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Chinese cars can’t cross from Canada to U.S., Trump’s envoy says Autos Opinion: Doug Ford hands Donald Trump a trade weapon FP Comment Suncor reveals expansion plans as key oilsands mine enters its last decade Energy Old Age Security reform is a good idea; arbitrary clawbacks are not Personal Finance Subscriber only. Chinese are burying their dead in empty apartments rather than pay skyrocketing cemetery costs Subscriber only Financial Times