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FAA Clears Virgin Galactic for Space Customer Flights

FAA Clears Virgin Galactic for Space Customer Flights

Virgin Galactic Holdings obtained regulatory approval to fly clients into space, making commercial space travel closer to reality.

Source: Bloomberg.

Virgin Galactic Holdings chart

SPCE gains +22.78%

The FAA expanded the existing company license to include customer flights, as Virgin Galactic announced a May 22 first test done against the objectives.

The approval is a huge milestone for an industry, which was recently described as science fiction.

The shares of Virgin Galactic increased by 12% before U.S. trading as the company’s market value improved to $9.7 billion.

Data from the May test flight revealed the upgraded horizontal stabilizers and flight controls of the VSS Unity met the predicted standards.


FXTechLab Staff
Our team consists from professional traders with over 10 years of experience carrying a mission to simplify automated forex trading for everyone.

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