Space tourism company Virgin Galactic said it will resume taking private astronauts to the edge of space toward the end of next year.
Virgin Galactic (NYSE: SPCE) said in a written earnings release that its commercial spaceflights are on track to resume in the fourth quarter of next year with private astronaut flights following 6 to 8 weeks later.
The company had said in August that the astronaut space journey resumption was “on track for fall 2026.”
In today’s earnings release, Virgin Galactic said third-quarter revenue was $400,000, above analysts’ estimates, while the quarterly net loss narrowed to $64 million from $75 million in the same period a year earlier.
Shares in Virgin Galactic rose 4.5% to $3.46 apiece in after-hours trading after closing down 8.6%.
For more information on Virgin Galactic, see the Nov. 24 edition of the Business Journal.
