Virgin Galactic Restarts Space-Trip Sales at $450,000 and Up

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.

More In Business

While Everyone Builds AI, Madison Air is Building What AI Can't Run Without

Madison Air CEO Jill Wyant on taking a century-old HVAC giant public and what the IPO means for the industry, investors, and the future of the company.

Big Business This Week: Can Warsh prove his independence?

Sometimes it helps to have friends in high places, and sometimes it doesn’t. Just ask Kevin Warsh, nominee to be the next chair of the Fed.

How Global Gaming League Is Bridging the Gap Between Gamers and Global Celebrities

Global Gaming League's founder Clinton Sparks and chairman Jeff Hoffman on their mission to bridge competitive eSports with mainstream celebrity culture.

Beyond the Cart: How Amazon Is Reshaping the American Economy

Amazon's Holly Sullivan breaks down the 2025 U.S. Economic Impact Report and what it reveals about jobs, wages, and growth across the country.

AEVEX CEO Roger Wells on Taking Autonomous Defense Public

AEVEX CEO Roger Wells joins to discuss the company's IPO and what it means for the future of autonomous defense systems in an era of rapid military innovation.

The Economist's Guide to AI: Where We Are, Where We're Headed

What does AI actually mean for the US economy? Andrew Husby of BNP Paribas breaks down the macro signals, risks, and opportunities hiding in plain sight.

How Panasonic's TOUGHBOOK Is Built for the World's Most Demanding Jobs

Dominick Passanante of Panasonic Connect breaks down the innovations behind TOUGHBOOK and why rugged tech is more relevant than ever in today's mobile workforce

Puff, Puff… Pause? Industry Leaders Talk Cannabis Consolidation

This 4/20, as cannabis shifts from rapid growth to tougher realities, Curaleaf’s president breaks down pricing pressure, regulation, and what’s next.

Voya Financial Celebrates 10 Years of Meaningful Change

Voya Financial CEO Heather Lavallee marks 10 years of Voya Cares, spotlighting research and expanding financial access for Americans with disabilities.

Big Business This Week: Just How Big A Threat Is AI to Global Finance?

When Treasury Secretary Scott Bessent (above) and Fed chair Jay Powell jointly summon America’s top bankers to a meeting in Washington, you know it’s big.

Load More