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Virgin Galactic Completes 1st Private Astronaut Mission

More flights in the future

Tustin-based Virgin Galactic (NYSE: SPCE) completed its first private astronaut mission, which soared 55 miles above Earth to the edge of space this morning.

“Galactic 02 was a historic mission which flew the first Olympian, first female astronauts from the Caribbean, and the most women flown to space in a single mission,” the company said in a statement.

Virgin Galactic is counting on more missions for much-needed revenue.

Shares in Virgin Galactic were nearly unchanged at $3.33 apiece for a market cap of $941 million after the flight from the company’s New Mexico launch site.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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