Virgin Galactic jumps 33% in a day! On February 15, Virgin Galactic opened ticket sales to the public with a $450 000 fee and $150 000 initial deposit, with 1000 tickets put on sale. Moreover, the price for the tickets will increase as sales go. For much of the last decade, the company has had about 600 reservations for tickets on future flights, with those tickets mainly sold between $200,000 and $250,000 each. But as for now, only several people went to space, including CEO Richard Brandson.
On the day of sales start, SPCE stock surged 33% from $.8.20 to almost $11.00 per share. However, the momentum quickly faded, and the stock slowly slid to $8.30 over the next three trading sessions. Until the company starts commercial flights, there is no stable income. Thus, the stock will remain under pressure.
