Virgin Galactic Shares Surged Nearly 12% in Premarket Trading

Virgin Galactic shares surged nearly 12% in premarket trading.Virgin Galactic (NYSE: SPCE) (the "Company" or "Virgin Galactic"), an aerospace and space travel company, announced today that ticket sales will open to the general public starting on February 16, providing the opportunity to purchase one of the initial spaceflight reservations and secure membership in the unique community of Future Astronauts.

"At Virgin Galactic, we believe that space is transformational," said Virgin Galactic CEO Michael Colglazier. "We plan to have our first 1,000 customers on board at the start of commercial service later this year, providing an incredibly strong foundation as we begin regular operations and scale our fleet."

Virgin Galactic spaceflight reservations also provide access to the Future Astronaut membership community -- designed and curated to bring inspiration, excitement, and adventure from the time of ticket purchase to spaceflight and beyond. Members will enjoy access to money-can’t-buy experiences, events, trips and space-readiness activities while they await their spaceflight.

The spaceflight itself launches from Spaceport America in New Mexico. Starting with several days of spaceflight preparedness activities, future astronauts will stay with their guests at forthcoming custom accommodations. Guests will enjoy bespoke itineraries and world-class amenities during astronaut-specific training programs.

During spaceflight, astronauts will experience a 90-minute journey including a signature air launch and Mach-3 boost to space. The spaceship gracefully flips while astronauts enjoy several minutes of out-of-seat weightlessness and breath-taking views of Earth from the spaceship’s 17 windows. Upon return from this transformational experience, astronauts will begin a meaningful journey to create positive impact with the perspective that can only come from seeing our beautiful planet from space.

To mark the launch of public sales, Virgin Galactic unveiled a new, iconic consumer brand, designed to capture the love, wonder and awe of the experience of viewing Earth from space, and to inspire generations of future astronauts around the world. The newly unveiled brand identity features the spaceship; the very definition of engineering excellence, a celebration of pioneering design, and an icon wholly unique to the Virgin Galactic spaceflight experience.

"We have developed a compelling and effective sales process to support the growth of our commercial business," said Blair Rich, President and Chief Business Officer, Commercial and Consumer Operations. "A global, commercial spaceline demands an iconic and timeless brand. It is important that our brand represents our dynamic customer offering, and speaks to our unique experience, style and service."

Spaceflight reservations are a total price of USD $450,000. Following an initial deposit of USD $150,000, customers will make their final payment before their flight.