Richard Bransonâs Virgin Galactic Holdings Inc. came to a step closer to sending clients to orbit on Friday as federal regulators extended the companyâs operator license.Virgin is competing with Blue Origin LLC in the accelerating race to carry space tourists on short suborbital flights. Blue Origin, initiated by Jedd Bezos, moved that race forward earlier this month when it stated that its first manned flight will occur in July, with Mr. Bezos himself as a passenger.On Friday, Virgin stated that the Federal Aviation Administration approved Virginâs full commercial space-launch license, opening the door for outside passengers to join flights. The approval followed a test flight on May 22.Virgin Galactic shares surged at roughly 30% on Friday, to $52.37 in midafternoon trading.Blue Origin has applied for but hasnât yet received similar approval from the FAA, an FAA spokesman stated. âAs for all license application reviews, the FAA will make a decision when and if all regulatory requirements are met, âthe agency spokesman stated of Blue Originâs application.
Published by
%202.png)
.png)
.png)
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital
ÂŠď¸ MEXEM AFRICA (PTY) LTD (MEXEM AFRICA) is an authorized financial services provider (FSP 48325). All trades on the MEXEM AFRICA platform are subject to the legal terms and conditions to which you agree to be bound.
The MEXEM AFRICA platform enables users to invest in securities. MEXEM AFRICA acts as an agent for the issuance of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions, and all the economic benefits and risks associated with share ownership.
The availability of any share on the MEXEM AFRICA platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. Images are for illustrative purposes only and past performance is not necessarily an indication of future performance.
â
The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between MEXEM AFRICA and the listed company or the payment of fees for services. Brand logos are owned by the respective companies and not by MEXEM AFRICA. The use of a companyâs brand logo does not represent an endorsement of MEXEM AFRICA by the company, nor an endorsement of the company by MEXEM AFRICA, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the MEXEM AFRICA website.
Read our Forms & Disclosures.
