Virgin Galactic to Train "Private Astronauts" for NASA

Shares of space tourism pioneer Virgin Galactic Holdings (NYSE: SPCE) took off like ... well, like a rocketship this morning. Shares are up more than 13% in early afternoon trading after the company announced that it has inked a deal with the National Aeronautics and Space Administration (NASA) to "develop a new private orbital astronaut readiness program."

Image source: Virgin Galactic.

NASA Administrator Jim Bridenstine had previously alluded to this news on Friday, "tweeting" that NASA has plans to fly astronauts "on commercial suborbital spacecraft."

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Source Fool.com