Virgin Galactic Is Getting Ready For Space Travel

Virgin Galactic is getting ready for space travel. The company has received the necessary approval from the regulatory authorities.

Virgin Galactic Holdings Inc. has come closer to reality in the industry founded by billionaires and has received the necessary approval for space travel. Virgin Galactic announced that the Federal Aviation Administration has upgraded the company's current license to cover customer flights, making it the first of its kind. The company also confirmed that the May 22 test flight performed better than expected. Founded by entrepreneur Richard Branson, Virgin Galactic has been working towards achieving its goal since 2004. Another famous billionaire, Jeff Bezos, announced that he plans to make his first trip in July after auctioning a passenger seat for $ 28 million. Shares of Virgin Galactic gained 21 percent in US premarket trading. On Thursday, the company's market capitalization reached $9.7 billion.