The space tourism company Virgin Galactic experienced a 13% increase in stock value after it released positive first-quarter financial results and confirmed its plans to introduce new spacecraft during 2026.
The company maintains its 2026 launch schedule for the Delta Class spaceship which will serve both research and private astronaut operations. The company plans to start accepting new ticket reservations during early 2026 while announcing price increases from the previous public rate of $600,000.
The CEO Michael Colglazier expressed optimism about the company’s future because all three private astronauts from Galactic 07 Unity mission have committed to fly again after the new spacecraft becomes operational.
The first Delta flights will attract significant interest from scientists and regular people according to Colglazier.
Virgin Galactic finished its last Unity mission in the previous year and now dedicates its resources to building new facilities. CFO Doug Ahrens reports that manufacturing capacity and production of the initial two Delta spacecraft will receive about half of the company’s 2025 spending.
The company Virgin Galactic investigates the feasibility of building a second spaceport facility at an Italian location. The Italian government has selected a military base in Puglia as the potential site for the new spaceport.
The market reacted favorably to the news because investors believe the company will achieve space tourism business expansion. Virgin Galactic demonstrates its path toward commercial success through its current operational framework.
