This is Why Virgin Galactic Could Blast Off


All systems go for Virgin Galactic Holdings (SPCE).

Just the other day, the company opened ticket sales to the public for the first time.

All you’ll need is a $150k deposit. Pocket change, right? I kid.

“Virgin Galactic ticket prices start at $450,000 each, as the company revealed last year, with three different sales offerings: a single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company has said previously that — of the $150,000 deposit — $25,000 is not refundable,” according to CNBC.

If all goes well, this could be the start of a massive space tourism industry.


Remember, according to analysts at Cowen, “39% of people with a net worth of more than $5 million are interested in paying at least $250,000 for a flight.” In addition, by 2040, Morgan Stanley believes the space tourism industry could be worth about $1 trillion.

Helping, SPCE just reported better than expected earnings.

The company reported a 31-cent loss on $141,000 in revenue. That’s far better than expectations for a loss of 34 cents.

According to Michael Colglazier, CEO of Virgin Galactic. “We achieved many important milestones in 2021 that laid an essential foundation towards becoming a scaled, commercial operation. In recent weeks, we opened sales to the general public and launched our new global consumer brand. Demand for our one-of-a-kind experience remains strong, and we are currently building our operations to accommodate our growing customer base.”