Virgin Galactic to increase price for space tourism flights
Virgin Galactic Holdings Inc. said that it plans to charge more for its space tourism flights when it resumes sales in the first quarter of 2026.
Article content
Article content
The Richard Branson-founded company had been selling tickets for suborbital joyrides on its forthcoming Delta spacecraft at about US$600,000 a seat. Company executives didn't disclose a new price tag during a call with analysts after Virgin Galactic reported results for the first quarter on Thursday.
Article content
Article content
The company competes with Jeff Bezos' Blue Origin LLC in selling short trips to space for sightseeing and research.
Article content
Article content
The first flight with the new spaceship — a research mission — is planned for summer 2026, with private astronaut flights slated for the fall of that year, the company said. Virgin Galactic paused tourism operations in June 2024 to focus on developing its upgraded Delta spacecraft.
Article content
Shares of Virgin Galactic, which have slumped to under $5, rose about 13% in postmarket trading after closing at $3.35.
Article content
The revamped Delta vehicles will hold six passengers, two more than in the vehicle used on previous trips. The new craft also is designed for faster turnaround between missions. The company said that it will be able to clear the existing backlog of ticket holders in about a year using the new spacecraft.
Article content
Virgin Galactic reported revenue of about $460,000 for the first quarter, slightly above the roughly $400,000 analysts were expecting.
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
26 minutes ago
- Globe and Mail
SLQT Investors Have Opportunity to Lead SelectQuote, Inc. Securities Fraud Lawsuit with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against SelectQuote, Inc. ('SelectQuote' or 'the Company') (NYSE: SLQT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between September 9, 2020 and May 1, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before October 10, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. SelectQuote directed Medicare beneficiaries to plans from providers who paid it the most, ignoring the suitability of the plan to its customer. The Company failed to provide unbiased comparison shopping for Medicare Advantage plans. The Company received kickbacks to steer Medicare customers to certain insurers while limiting enrollment to their competitors. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about SelectQuote, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Globe and Mail
26 minutes ago
- Globe and Mail
Honeywell's Building Automation Growth Picks Up: More Upside to Come?
Honeywell International Inc. HON is witnessing strong momentum in its Building Automation segment. The company continues to benefit from solid demand for its products and solutions, led by increasing building projects, particularly in North America and the Middle East. Increasing order rates in data centers, airports and hospitality projects bode well for the segment. The Building Automation segment's organic sales increased 8% year over year in the second quarter of 2025. Within the segment, sales from the building products business grew 9% with strength across fire, security and building management systems. Sales from the building solutions business also improved 5% led by growth in the Middle East region. Orders increased both sequentially and year over year, led by strength in products. Software-led new product introductions momentum in the US and high-growth regions and customer wins in focused verticals are likely to continue playing an important role in the segment's overall growth. For 2025, HON anticipates that the Building Automation segment's organic sales will grow in the mid to high-single digits with strong margin performance. Driven by strength across HON's Building Automation and Aerospace Technologies segments, its overall backlog grew 10% year over year to $36.6 billion. For 2025, Honeywell expects overall revenues to be in the $40.8-$41.3 billion range, with organic revenues expected to be up 4-5% on a year-over-year basis. Business Performance of HON's Peers Among its major peers, Carlisle Companies Incorporated CSL is experiencing strong momentum in the Carlisle Construction Materials segment, driven by robust demand for reroofing products and healthy construction activity. Higher sales in the commercial construction market, driven by growing re-roof activity and benefits from the MTL Holdings buyout, have been driving the segment's performance. In the second quarter of 2025, revenues from the Carlisle Construction Materials segment increased 0.6% year over year. Another peer, 3M Company MMM, has been witnessing solid momentum in the Safety and Industrial segment, driven by strength in personal safety, roofing granules, industrial adhesives and tapes, abrasives and electrical markets. Stable demand for 3M's electrical infrastructure products like medium voltage cable accessories and insulation tapes augurs well for the segment in the quarters ahead. Organic sales from 3M's Safety and Industrial segment grew 2.5% year over year in the first six months of 2025. HON's Price Performance, Valuation and Estimates Shares of Honeywell have gained 10% in the past year compared with the industry 's growth of 1.6%. Image Source: Zacks Investment Research From a valuation standpoint, HON is trading at a forward price-to-earnings ratio of 19.64X, above the industry's average of 16.33X. Honeywell carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HON's 2025 earnings has been on the rise over the past 60 days. Image Source: Zacks Investment Research Honeywell currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Honeywell International Inc. (HON): Free Stock Analysis Report 3M Company (MMM): Free Stock Analysis Report
Globe and Mail
26 minutes ago
- Globe and Mail
Kratos Defense's Segment Strengthens Role in Critical Defense Domain
Kratos Defense & Security Solutions, Inc. ( KTOS ) is steadily growing its presence in the defense technologies space through its Kratos Government Solutions (KGS) segment. KGS provides a wide range of advanced systems like C5ISR solutions, satellite communications, microwave products, space and cyber systems, turbine technologies and defense rocket support services, which support U.S. and allied military missions. KGS also delivers secure, reliable communication networks and advanced satellite ground systems. These are critical for ensuring uninterrupted intelligence, surveillance and reconnaissance operations. The segment also develops hypersonic-related technologies and is a prime contractor for the MACH TB (Multi-Service Advanced Capability Hypersonic Test Bed) program. As global security challenges rise and defense modernization speeds up, KGS' products and services are expected to gain more traction. Moreover, the recent acquisition of certain assets from Norden Millimeter, Inc. has further improved KGS's microwave and Radio Frequency Capabilities, allowing it to offer even stronger defense solutions. In the second quarter of 2025, KGS revenues rose 29.9% from the previous year to $278.3 million, supported by growth across all business areas and benefits from the Norden acquisition. This result highlights KGS' solid performance and should play a key role in Kratos Defense's long-term growth story. Peers Warranting a Look As defense priorities include secure communications, advanced missile and electronic support, other defense contractors like Lockheed Martin Corporation ( LMT ) and RTX Corporation ( RTX ) also warrant a look. Lockheed Martin provides advanced systems for surveillance, reconnaissance and battle management. One of its key programs includes the Command Control Battle Management Communications, which is the first battle management system capable of integrating across domains. RTX focuses on providing integrated defense systems, radar and missile warning systems that improve situational awareness and threat detection. Its Intelligence, Surveillance and Reconnaissance systems and multi-mission sensors are critical to both U.S. and international defense operations. KTOS' Price Performance, Valuation and Estimates Shares of KTOS have gained 229.7% in the past year compared with the industry 's 45.8% growth. Image Source: Zacks Investment Research The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 7.12X compared with its industry's average of 10.13X. The Zacks Consensus Estimate for KTOS' third-quarter 2025 earnings has moved south in the past 60 days, while the same for the fourth quarter has remained unchanged. KTOS stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Kratos Defense & Security Solutions, Inc. (KTOS): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report
