Virgin Galactic Raises Ticket Prices to $450,000, Delays Commercial Flights 2 Quarters, and Reports $94 Million 2nd Quarter Net Loss

Richard Branson and other passengers float around in weightlessness. (Credit: Virgin Galactic)

by Douglas Messier
Managing Editor

On July 11, Richard Branson returned from a suborbital journey declaring the start of a new era of flight that would make outer space open to everyone, and promoting a raffle for two averagenauts to fly aboard early flights of Virgin Galactic’s SpaceShipTwo.

Today, Virgin Galactic announced it was hiking the cost of those seats from $250,000 to $450,000 for new ticket buyers. It was the second time the company has raised ticket prices even before any paying passengers have flown. In 2013, the price rose from $200,000 to $250,000. The first paying passengers haven’t even flown yet.

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Virgin Galactic Announces New Contract for Human-tended Research Spaceflight

Scientific payloads in SpaceShipTwo cabin (Credit: Virgin Galactic)

IIAS Researcher Kellie Gerardi to Fly as Payload Specialist on Research Mission

LAS CRUCES, N.M. (Virgin Galactic PR) — Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”), a vertically integrated aerospace and space travel company, has announced a new contract to fly Kellie Gerardi, a researcher for the International Institute for Astronautical Sciences (IIAS), on a dedicated research flight, during which Kellie will conduct experiments and test new healthcare technologies while she is in space.

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