Sometimes it's hard to believe, but the day is coming when people can tour space. Virgin Galactic Holdings ( SPCE -1.43% ) is helping build the space tourism industry. Its spacecraft is designed for suborbital flights, leaving the Earth's atmosphere but not entering orbit. These flights produce a short duration of weightlessness before coming back down.
The company sells tickets for future flights at $454,000 per seat but has more test flights to complete before beginning customer flights. The company's most recent test was a successful flight in July 2021, when founder Richard Branson joined the ship's crew. The long-term potential for Virgin Galactic is a fleet expansion and mastery of the technology that can make the price to fly affordable for more customers, bringing space tourism into the mainstream. The stock's small $2.6 billion market cap leaves a lot of room for upside if Virgin Galactic is successful.
Comments