The reopening of space-tourism ticket sales is “a significant positive milestone for the company,” said Austin Moeller, an analyst at Canaccord Genuity.
Virgin Galactic Holdings Inc. stock jumped more than 7% on Friday as Wall Street looked past a wider-than-expected quarterly loss for the space-tourism company to focus on the news it is selling seats on its space-tourism flights thanks to a “surge in consumer interest.”
Virgin said late Thursday it will offer single seats, a multi-seat package for couples, friends, or families, and a full-flight buyout, with prices starting at $450,000 a seat, up from a previous $250,000.Virgin also surprised analysts by saying it will transition to a new spacecraft family “much faster than anticipated,” he said.
“While the push to the right of additional customer spaceflights is somewhat disappointing, we view the company’s new focus on improving the efficiency of the The lengthier maintenance period postpones revenue generation, but the enhancements will help the supply side of the equation, with the Eve mothership no longer “a major constraint,” Chen said.
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