Richard Branson's Virgin Galactic Reopened Ticket Sales at $750,000 a Seat in 2026, Up From the $600,000 It Charged for 700 Previously Sold Seats. Is SPCE Stock's Pricing Power Finally Catching Up to Its Cash Burn?
Virgin Galactic Holdings (NYSE: SPCE) may have experienced a brief speculative frenzy during last summer's space stock boom, but in recent months, arguably more game-changing news has emerged from the private spaceflight company. Not only is Virgin Galactic months away from launching its first commercial flight, but it successfully sold out its initial offering of flight tickets, even after raising the price from $600,000 per person to $750,000. Yet while management has boasted that this will significantly reduce its near-term cash burn, is this strong demand arriving just in time, or is it too little too late? Image source: Getty Images. Continue reading