Virgin Galactic Jumps After Unveiling New $450,000 Ticket Price

Billionaire Richard Branson, left, celebrated with champagne and other passengers after flying into space aboard Virgin Galactic’s VSS Unity on July 11.Photographer: Patrick T. Fallon/AFP via Getty Images

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By Brendan Case

August 5, 2021 at 9:17 PM UTC

Updated on

August 6, 2021 at 2:08 PM UTC

This article is for subscribers only.

Inflation isn’t just climbing here on Earth. Virgin Galactic Holdings Inc. has resumed ticket sales for trips to space at a new price of $450,000 a ride, spurring a share rally.

Sales are restarting immediately and available tickets range from individual seats to a “full-flight buyout,” Chief Executive Officer Michael Colglazier said in a statement late Thursday as the company reported financial results. Virgin Galactic had charged $250,000 for each ticket, before halting sales while it continued work on its spacecraft.