Why Virgin Galactic Stock Rocketed Higher Today
Shares of Virgin Galactic Holdings (NYSE: SPCE) jumped more than 15% on Monday after the aerospace company said it would train people to become astronauts and travel to the International Space Station (ISS).
Virgin Galactic will work with NASA's Johnson Space Center to develop a program that identifies people interested in purchasing trips to the ISS; trains them for the rigors of the voyage; and helps them obtain the necessary supplies. Virgin Galactic said these voyages "could range from private citizen expeditions to government-enabled scientific research missions."
Shares of Virgin Galactic climbed on Monday on news of a spaceflight deal with NASA. Image source: Virgin Galactic Holdings.
Source Fool.com
