Virgin Galactic shares pump by 22%

The shares of space tourism company, Virgin Galactic, has made an impressive climb up the stock market ladder.

Business Stance
May 20, 2021

The CEO of Virgin Galactic, Micheal Colgazier, announced that its core spaceship, Eve, has gone through a thorough inspection and is going to be embarking on a spaceflight test on May 22nd.

The announcement is said to have triggered a 22% surge in the stock market value of the space tourism company which has wrapped up for the previous day at $17.27.

Virgin Galactic is reportedly working towards the completion of its SpaceShipTwo system after which it will embark on four test flights to ascertain its efficiency.

The company’s target for the launch of its commercial service is 2022.

Business Stance

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