Shares of aerospace and space travel company Virgin Galactic (NYSE:SPCE) are on the rise today after it announced the flight window for its second commercial spaceflight called ‘Galactic 02.’
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The window opens on August 10 and this will be the first private astronaut mission for the company. Further, carrying three private passengers, the flight will be live-streamed as well.
Reportedly, there is a backlog of over 800 customers for the flights with tickets now costing a bomb at $450,000 per seat. Last month, Virgin’s shares had taken a beating after its successful launch of the Galactic 01 mission.
Details of the crew and pilots for Galactic 02 are to be released at a later date.
Overall, the Street has a $3.81 consensus price target on Virgin Galactic alongside a Moderate Sell consensus rating. Despite a nearly 10.9% year-to-date price surge, short interest in the stock still remains sky-high at about 22.1%.
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