Virgin Galactic Still Plans Spaceflight Test This Fall

Virgin Galactic Holdings (NYSE: SPCE) said on Monday that it is still on track to do a space test flight this fall, looking to reassure investors who were disappointed that an earlier test was not what was expected.

In a update published on its website, the company said preparations for the test flight "continue to progress well," and that the upcoming test should provide some of the data the company needs to win final Federal Aviation Administration approval of its spaceflight license.

The mission will also be revenue generating, a rarity for Virgin Galactic at its current stage. The launch will include three NASA payloads in the cabin that will collect data while the spaceship is at altitude.

Source Fool.com