Latest news with #DeltaSpacecraft
South China Morning Post
19-05-2025
- Business
- South China Morning Post
Virgin Galactic plans to raise ticket price for space trips from current US$600,000
Virgin Galactic says it plans to charge more for its space tourism flights when it resumes sales in the first quarter of 2026. Advertisement 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 did not disclose a new price tag during a call with analysts after Virgin Galactic reported results for the first quarter last week. The company competes with Jeff Bezos' Blue Origin in selling short trips to space for sightseeing and research. Virgin Galactic's now-retired VSS Unity taking off for a suborbital space flight from the US state of New Mexico in 2024. The company will replace it with its forthcoming Delta spacecraft. Photo: Anadolu via Getty Images The first flight with the new spaceship – a research mission – is planned for summer 2026, with private astronaut flights slated for the autumn of that year, the company said. Virgin Galactic paused tourism operations in June 2024 to focus on developing its upgraded Delta spacecraft.
National Post
16-05-2025
- Business
- National Post
Virgin Galactic to increase price for space tourism flights
Article content 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
Bloomberg
15-05-2025
- Business
- Bloomberg
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. The Richard Branson-founded company had been selling tickets for suborbital joyrides on its forthcoming Delta spacecraft at about $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.
