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.

Share:
More In Business
Stretching Your Dollar: What to Know About Changes to FAFSA
Applying for financial aid for college is a long process but there's a new streamlined application for federal student aid. Mark Kantrowitz, student loan expert, joined Cheddar News to explain the FAFSA form and what kind of changes are expected.
Stretching Your Dollar: Caring for Your Pets This Holiday Season
With all of the stress surrounding the holiday season with gift-buying and planning family gatherings, it could be a chaotic time for all members of your family, including pets. Cesar Milan and Michael Ehrman, co-founders of Halo Collar, joined Cheddar News to provide tips on how to keep your pets stress-free for the upcoming holiday season.
United Airlines Introduces Self-Serve Snack Bar
United Airlines has introduced a new self-serve snack bar on its flights allowing economy passengers to help themselves to free snacks instead of relying on a flight attendant to get them.
Load More