Virgin Galactic Is Raising Prices and Customers Are Still Buying
Virgin Galactic (NYSE: SPCE) achieved a key milestone in 2023 as it looks to build a sustainable space tourism business. But it is still years away from running a profitable operation. A key issue going forward will be the price of a ticket to ride Virgin Galactic's spacecraft. If early price test results are any indication, there's a lot of room to grow. Here's what has been going on.
Up until 2023, Virgin Galactic was just a big idea. The hope was that the company could build ships capable of taking civilians into space. In 2023 that dream became a reality. For a short period of time the company was launching people into space once a month, truly proving that the concept of a space tourism business was something that it could turn into reality.
Image source: Virgin Galactic.
Source Fool.com
