Virgin Galactic Tickets Will Start at This Price Per Seat

Virgin Galactic reported its second quarter financial results this week and announced that it would be reopening ticket sales.

Prices for a seat will start at a cool $450,000.

It was during the second quarter that Virgin Galactic flew two spaceflight tests, with the second carrying the company’s founder Richard Branson.

“We have a purposeful range of product offerings in order to satisfy the different ways people will want to share this experience of private astronaut flights,” Virgin Galactic CEO Michael Colglazier said during the Q2 earnings call.

The company’s next spaceflight test is targeting late September from Spaceport America in New Mexico, carrying members of the Italian Air Force.

For the second quarter, Virgin Galactic reported an adjusted EBITDA loss of $56 million. This was above the loss of $55.9 million in the prior quarter. It generated $571,000 of revenue which came from scientific research experiments onboard its May spaceflight test.

With the Unity 25 flight, the company expects to begin commercial services with its first non-development flight.

A Virgin Galactic spokesperson told CNBC that the Unity 25 mission is targeting late third quarter 2022.

As for how much seats will cost, the company will have three different sales offerings, starting at $450,000 a seat, for space tourists: A single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights.

The company said that sales will initially prioritize Virgin Galactic’s “significant list of early hand-raisers,” with a “follow-on priority list” to be opened for new customers.

Shares of Virgin Galactic rose 5% in after-hours trading on Thursday.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.