Virgin Galactic stock continues rally, boosted by plans for first commercial flight
Virgin Galactic Holdings Inc.’s stock rose 3% in premarket trades Tuesday, continuing its rally as the company prepares for its first commercial flight.
The... Virgin Galactic Holdings Inc.’s stock rose 3% in premarket trades Tuesday, continuing its rally as the company prepares for its first commercial flight. The commercial flight, Galactic 01, will be a paid scientific-research flight with the Italian air force. TD Cowen analyst Oliver Chen described the first commercial flight as an “out of this world innovation” in a note last month.The flight window for Galactic 01 is June 27 to June 30, according to Virgin Galactic. A second commercial flight, Galactic 02, will follow in early August. The company expects that monthly commercial spaceflights will take place after the Galactic 02 mission.
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