Virgin Galactic Granted License To Fly Passengers On Future Spaceflights


“The commercial license that we have had in place since 2016 remains in place, but is now cleared to allow us to carry commercial passengers when we’re ready to do so,” Virgin Galactic CEO Michael Colglazier told CNBC.

Virgin Galactic announced Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture completes development testing.

“The commercial license that we have had in place since 2016 remains in place, but is now cleared to allow us to carry commercial passengers when we’re ready to do so,” Virgin Galactic CEO Michael Colglazier told CNBC. “This is obviously an exciting milestone and a huge compliment to the team.”

Virgin Galactic’s stock jumped 38.9% in trading on Friday, its largest ever rise in a single trading day, to close at $55.91. Shares had tumultuous start to the year, with the stock climbing above $60 in February and then plummeting to a low near $15 last month before rebounding.

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