Virgin Galactic stock climbs more than 6% as company targets Thursday for first commercial flight

Virgin Galactic’s first commercial flight will carry crew from Italy’s air force and the National Research Council of Italy

Virgin Galactic Holdings Inc.’s stock climbed 6.7% in premarket trades Monday after the private spaceflight company announced June 29 as the target date for its first commercial flight.

Virgin Galactic’s VSS Unity spacecraft will be commanded by retired U.S. Air Force Lt. Col, Mike Massuci, who will be making his fourth spaceflight. VSS Unity’s pilot will be former Italian Air Force Lt. Col Nicola Pecile. Virgin Galactic’s stock ended Friday’s session down 18.4%. In a filing last Thursday the company said it’s seeking to raise $400 million to develop its spaceship fleet and infrastructure and scale its commercial operations.

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