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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.
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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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.