The ticket window is open again for space flights at Virgin Galactic, with prices starting at $450,000 a seat.
The space tourism company said Thursday it is making progress toward beginning revenue flights next year. It will sell single seats, package deals and entire flights.
Virgin Galactic announced the offerings as it reported Thursday that it lost $94 million in the second quarter on soaring costs for overhead and sales. The company posted revenue of $571,000, barely enough to cover one seat on a future flight.
The company’s most noteworthy recent achievement came last month after the quarter ended when founder Richard Branson and five crewmates soared to 53.5 miles (86 kilometers) above the New Mexico desert.
CEO Michael Colglazier said the company resumed sales on Thursday to take advantage of a surge in consumer interest after the flight by Branson, who beat rival billionaire Jeff Bezos and his Blue Origin ship into space by nine days.
The company based in Las Cruces, New Mexico, won regulatory approval in June to fly people into space.
Virgin Galactic said “early hand-raisers” will get first priority to book seats, and another list will be created for new customers.
The company’s next spaceflight is scheduled for late September in New Mexico with the Italian air force.
Virgin Galactic said it ended the quarter with cash and equivalents totaling $552 million.
The results were released after the stock market closed. The company's shares were up nearly 5% in after-hours trading.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
