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Billionaire Branson’s Virgin Galactic to charge $450,000 for a space flight ticket

Spaceship firm Virgin Galactic (SPCE.N) said it will open ticket sales on Thursday for space flights starting at $450,000 a seat, weeks after the billionaire founder Richard Branson’s high-profile voyage to the edge of space.

On July 11, Branson flew more than 50 miles over the New Mexico desert in a Virgin Galactic rocket plane and returned safely in the vehicle’s first fully crewed test journey to space, a significant milestone for a company he founded 17 years ago.

On Thursday, the company’s stock climbed 5% in extended trade.

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Virgin Galactic had bagged clearance to carry passengers to space from the US aviation safety authority in June.

The company plans to provide three customer options: a single-seat, a multi-seat package and a full-flight buyout. Sales will begin with the firm’s large roster of ‘early hand-raisers,’ the company said.

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