RTTNews | Jun 25, 2021 10:10AM EDT

10:09 Friday, June 25, 2021 (RTTNews.com) - Virgin Galactic Holdings, Inc. (SPCE) shares are trading higher on Friday morning as the company received the U.S. aviation safety regulator Federal Aviation Administration or FAA's approval to fly passengers to space. The FAA approval is expected to boost space tourism.

The Company said it has completed an extensive review of data gathered from its May 22 test flight and confirmed that the flight performed well against all flight objectives.

Currently, shares are trading at $47.60, up 18.23 percent from the previous close of $40.26 on a volume of 35,825,397. For the 52-week period, the shares have traded in a range of $14.27-$62.80 on average volume of 20,405,562.

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