All systems are go for Virgin Galactic Holdings (SPCE).
The stock – up 32% on the day – could blast to higher highs. All on news it’s opening ticket sales to the public for the first time tomorrow. All you’ll need is $150k deposit.
“Virgin Galactic ticket prices start at $450,000 each, as the company revealed last year, with three different sales offerings: a single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company has said previously that — of the $150,000 deposit — $25,000 is not refundable,” according to CNBC.
If all goes well, this could be the start of a massive space tourism industry.
Remember, according to analysts at Cowen, “39% of people with a net worth of more than $5 million are interested in paying at least $250,000 for a flight.” In addition, by 2040, Morgan Stanley believes the space tourism industry could be worth about $1 trillion.
