Why Virgin Galactic Stock Is Soaring Higher Today
Richard Branson will go to space on July 11, and the news is causing shares of Virgin Galactic Holdings (NYSE: SPCE) to rocket higher. Virgin Galactic shares jumped 20% on Friday morning as the billionaire space race took a fresh new turn.
Branson had originally hoped to go into space aboard a Virgin Galactic flight last year to celebrate his 70th birthday, but a combination of pandemic-related issues and some engineering setbacks caused delays to the company's testing schedule. But Virgin Galactic is back on track, last week winning Federal Aviation Administration approval to fly passengers into space.
Image source: Virgin Galactic.
Source Fool.com
