Virgin Galactic on Track for Astronaut Flights by April

HomeTransportation Newsletter FeedTransportation Virgin Galactic on Track for Astronaut Flights by April Net loss narrows By Kevin Costelloe November 13, 2026 12 Sir Richard Branson explains the origins of Virgin Galactic in this week's Leader Board. Space tourism company Virgin Galactic said it is on track to resume commercial service early in the second quarter of next year, as it aims for 150 flights per year by the end of 2028. The start of the flights has been subject of intense speculation after years of delays and doubts in the space industry whether the service will be commercially viable. Seats on the flights now cost $850,000 each. The Tustin-based company (NYSE: SPCE) also said yesterday in an earnings report today it had $427,000 in revenue in the third quarter, compared with $365,000 in the same period of 2025. The net loss narrowed to $59 million from $67 million for the period. The company’s shares plunged 24% to $2.02 apiece for a market cap of $307 million today.

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