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Virgin Galactic stock rises as ticket sales reopen $150,000 deposit


VMS Eve the carrier aircraft is seen behind VSS Unity shortly after it was released. This is Unity 22 carrying Richard Branson.

Virgin Galactic

Space tourism company Virgin GalacticThe company announced Tuesday that ticket sales will open to the public Wednesday. A $150,000 deposit is required.

Prices for Virgin Galactic tickets begin at $450,000, the company announced last year. They offer three sales options: single-seat purchases, package seats for friends, couples or families, or entire flight bookings. The company has said previously that — of the $150,000 deposit — $25,000 is not refundable.

Virgin Galactic shares rose by 10% from $8.14 at the close to premarket. Stock has fallen 85% over the past twelve months. having delayed the beginning of commercial spaceflightsThis year, it will be too late.

Virgin Galactic had 600 tickets reserved for future flights over the past decade. These tickets were sold between $200,000 to $250,000 per ticket. In August, Virgin Galactic reopened ticket sales and had sold around 100 tickets more as of November.

Alongside opening ticket sales to the public, Virgin Galactic also revealed a rebranding — replacing the iris of Sir Richard BransonIn its logo, a purple outline depicting its spacecraft is shown. Branson, who has sold over $1.25 Billion in stock shares since 2019, took Virgin Galactic away from his founder. He also achieved the long-held dream of becoming a billionaire. passing the U.S. boundary of space in July.