Virgin G. Space (SPCE) Exploration: 2023
Virgin Galactic launched its founder, Richard Branson, to the edge of space in July aboard one of its rocket-powered planes. But it's not stopping there.
The company intends to make a business out of flying paying tourists to suborbital space, and it wants to ramp up flights starting in 2023. That year, Virgin Galactic aims to start sending customers to space three times per month, CEO, Michael Colglazier said.
Virgin's current vehicle, VSS Unity, will fly once per month starting in late 2022. Its next-generation spacecraft, the shiny VSS Imagine, will begin test flights in early 2023 and start accepting amateur astronauts in the second half of that year. It'll complete two flights per month, or one about every two weeks.
The space firm on Monday also said that it has presold 700 tickets to date. Around 100 people have reserved tickets at Virgin Galactic's new $450,000 price point since ticket sales reopened in August. Those customers placed $1,000 deposits in 2020 to reserve the ability to buy tickets when they became available.
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$Virgin Galactic(SPCE)$
$Astra Space(ASTR)$
The 11 analysts offering 12-month price forecasts for Virgin Galactic Holdings Inc have a median target of 8.00, with a high estimate of 16.00 and a low estimate of 5.00. The median estimate represents a +15.94% increase from the last price of 6.90.
The 2 analysts offering 12-month price forecasts for Astra Space Inc have a median target of 4.35, with a high estimate of 6.00 and a low estimate of 2.70. The median estimate represents a +77.19% increase from the last price of 2.46.
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