{"id":46757,"date":"2023-08-10T09:39:27","date_gmt":"2023-08-10T13:39:27","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/virgin-galactics-stock-rises-2-4-ahead-of-first-private-spaceflight\/"},"modified":"2023-08-10T09:39:29","modified_gmt":"2023-08-10T13:39:29","slug":"virgin-galactics-stock-rises-2-4-ahead-of-first-private-spaceflight","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=46757","title":{"rendered":"Virgin Galactic\u2019s stock rises 2.4% ahead of first private spaceflight"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002385381\" role=\"document\">\n<p>Virgin Galactic Holdings Inc.\u2019s stock rose 2.4% in premarket trades Thursday ahead of the company\u2019s first private spaceflight.<\/p>\n<p>The Galactic 02 mission is Virgin Galactic\u2019s<br \/>\n        SPCE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208333884\/composite\" class=\"positive\">+1.33%<\/bg-quote><br \/>\n       second commercial spaceflight and seventh spaceflight. The livestream of the mission begins at 11 a.m. ET.<\/p>\n<p><strong>Related:<\/strong>\u00a0These are the passengers for Virgin Galactic\u2019s first private spaceflight<\/p>\n<div class=\"paywall\">\n<p>The VSS Unity spacecraft will transport 80-year-old Jon Goodwin, an early Virgin Galactic ticket holder and Olympian, as well as Keisha Schahaff and Anastatia Mayers, a mother and daughter who won their seats on the mission in a draw that raised funds for non-profit Space for Humanity. Schahaff and Mayers are the first mother-daughter duo to fly to space and the first astronauts from the Caribbean, according to Virgin Galactic. Goodwin, who competed as a canoeist for Great Britain at the 1972 Munich Olympics, is the first Olympian and the second person with Parkinson\u2019s disease to go to space, Virgin Galactic said in a statement.<\/p>\n<p>In June, the Galactic 01 mission\u00a0transported\u00a0three crew members from the Italian air force and the National Research Council of Italy into space to conduct research on microgravity.<\/p>\n<p><strong>Related:<\/strong>\u00a0Virgin Galactic hits milestone, but full ramp of commercial operations still \u2018years away,\u2019 analyst says<\/p>\n<p>After the Galactic 02 mission, the company has said it expects monthly flights to follow. The cost of a trip to space with Virgin Galactic is $450,000, so customers inevitably come from the ranks of the superwealthy. But demand has been brisk, with Virgin Galactic saying that it has around 800 \u201cfuture astronauts\u201d signed up.<\/p>\n<p>Earlier this month, Virgin Galactic reported a second-quarter net loss, which it said was primarily driven by an increase in research and development expenses related to development of its future fleet.<\/p>\n<p><strong>Related: <\/strong>Virgin Galactic stock falls on Q2 revenue miss<\/p>\n<p>In a filing in June, the company said\u00a0it\u2019s seeking to raise $400 million\u00a0to develop its spaceship fleet and infrastructure and scale up its commercial operations.<\/p>\n<p>Virgin Galactic\u2019s stock has fallen 2.9% this year, compared with the S&amp;P 500 index\u2019s gain of 16.4%.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/virgin-galactics-stock-rises-2-4-ahead-of-first-private-spaceflight-5cffa062?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virgin Galactic Holdings Inc.\u2019s stock rose 2.4% in premarket trades Thursday ahead of the company\u2019s first private spaceflight. The Galactic 02 mission is Virgin Galactic\u2019s SPCE, +1.33% second commercial spaceflight and seventh spaceflight. The livestream of the mission begins at 11 a.m. ET. Related:\u00a0These are the passengers for Virgin Galactic\u2019s first private spaceflight The VSS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-46757","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Virgin Galactic\u2019s stock rises 2.4% ahead of first private spaceflight | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Virgin Galactic Holdings Inc.\u2019s stock rose 2.4% in premarket trades Thursday ahead of the company\u2019s first private spaceflight. 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