Virgin Galactic Completes First Spaceflight In Over 2 Years what does this mean for the stock price?

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The company’s VSS Unity craft reached an altitude of 89.2km (55.45 miles) above the Earth’s surface after being launched from a space plane above New Mexico on Saturday.

It was Virgin Galactic’s third overall successful spaceflight, and first since early 2019.

The company was forced to abort an attempt last December because of technical issues, and a February test flight was pushed back to May to ensure all onboard issues were dealt with.

“VSS Unity achieved a speed of Mach 3 after being released from the mothership, VMS Eve, and reached space, at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America,” Virgin Galactic said in a statement.

The flight, which was crewed by two pilots, also carried science and research payloads for Nasa, after take off from Spaceport America in New Mexico.

The crew also evaluated the passenger cabin and carried out tests on live video streams from the craft back to the ground.

“It was flawless,” Virgin Galactic CEO Michael Colglazier told CNBC.

Virgin Galactic has taken deposits worth $80m (£56.5m) from 600 prospective tourists that it will launch to the edge of space in its future commercial flights