Virgin Galactic at Open Space Tourism ticket sale for $450,000

Galactic Virgo announcement Tuesday that it will open ticket sales for its next commercial flight into space on Wednesday.

Space tourism tickets will cost a total of $450,000 for the 90-minute flight, including an initial deposit of $150,000, and will be available for purchase at Virgin Galactic website. The experience will include “several minutes of weightlessness out of the seat” and “breathtaking views of Earth,” according to the company’s press release.

“At Virgin Galactic, we believe space is transformational,” Virgin Galactic CEO Michael Colglazier said in the press release. “We expect 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 grow our fleet.”

The flight will depart from New Mexico. The ticket price includes multiple days of astronaut training, as well as “custom accommodations” and “world-class amenities.”

The company also announced that it had changed its name, replacing its old logo – Sir Richard Branson’s iris – with a purple illustration of his spaceship. The news comes after Branson, the company’s founder, sold more than $1.25 billion worth of stock over the past three years. The billionaire was one of six to fly into space on Virgin Galactic’s first fully crewed spaceflight last July.

Virgin Galactic Stock the stock jumped more than 10% Tuesday morning on the news, after 85% drop over the past year. The announcement represents a significant milestone for the company, which has repeatedly delayed the launch of its commercial spaceflights since it originally planned to start sending customers into space in 2020.

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