Virgin Galactic (NYSE: SPCE) has announced plans to initiate its commercial space tourism service later this month.
The company’s inaugural flight, named Galactic 01, has a launch window from June 27 to June 30. This will be followed by a second commercial flight planned for early August, and subsequently the company hopes to maintain a schedule of monthly flights.
Galactic 01 is set to transport three members of the Italian Air Force, who will carry out microgravity research using scientific payloads. Virgin Galactic stated it had conducted a final test flight in May and has since carried out “routine analysis and vehicle inspections” on its carrier aircraft, VMS Eve, and the spacecraft, VSS Unity.
The commencement of commercial spaceflights represents a significant milestone for the company, which was founded by Richard Branson in 2004. It’s crucial for Virgin Galactic’s long-term success to demonstrate its ability to conduct regular commercial flights. Around 800 passengers focused in scientific research and private astronaut space missions are already waiting to be flown, forming a considerable backlog.
Information for this story was found via Virgin Galactic and CNBC. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
