Virgin Galactic (SPCE) successfully completes space launch

Giant spaceflight company Virgin Galactic (SPCE) has successfully completed it’s space tourism launch today in New Mexico. This launch represents its tourism system, successfully flying in more than two years.

The spacecraft named VSS Unity was transported to an altitude of around 44,000 feet by a carrier aircraft called VMS Eve. The spacecraft was subsequently released by the airplane, which launched its rocket engine and sped to speeds exceeding three times the speed of sound.

Unity returned through the atmosphere in a glide after executing a leisurely backflip in microgravity at the edge of space, landing back at the runway of Spaceport America in New Mexico from whence it set off earlier.

VSS Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each.

What this means for Virgin Galactic (SPCE) stock

Shares of Virgin Galactic (SPCE) stock is likely to skyrocket when the stock market opens on Monday or even in pre-hours trading resulting in a possibility that you could see a return to the $34 level.