Virgin Galactic's stock surged 18% following the reopening of ticket sales at $750,000 per seat and significant progress on its new Delta-class spacecraft, with ground testing set for April and commercial flights planned for late 2026. The company also appointed a new chief growth officer to expand revenue streams and aims for profitability by 2027. Despite these positive developments, analysts remain cautious due to high cash burn, debt concerns, and competition in space tourism. Investors see the rally as a sign that tangible milestones are being rewarded, but risks remain until commercial service begins successfully.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
