Virgin Galactic Holdings Inc. is a step closer to its planned space tourism after Founder Richard Branson and five other employees successfully flew kilometers above the earth.

  • The VSS Unity space plane soared to Mach 3 speeds on Sunday morning, reaching an estimated altitude of 282,000 feet or 86 kilometers above the earth’s surface. It flew for an hour before landing at about 9:38 a.m.
  • Branson was joined by Chief Pilot Dave “Mac” Mackay, Pilot Michael “Sooch” Masucci, Vice President of Government Affairs Sirisha Bandla, Engineer Bennett, and Chief Astronaut Instructor Moses.
  • Virgin Galactic has recorded 600 confirmed customers set for early 2022, and the company is set to resume selling tickets after the test flights in the summer. Fares are set to be hiked above the $250,000 per seat earlier announced.

Other billionaires Jeff Bezos and Elon Musk are set to take their own rides to space in the coming weeks.

SPCE was up as high as 10% prior to the regular market session. It is up 3.72% premarket.