Firefly lights the markets up; SpaceX starts selling trips to Mars
16 days ago
- #Virgin Galactic
- #IPO
- #Space Industry
- Firefly's traditional IPO performs well, raising $868 million with shares jumping from $45 to $70.
- Virgin Galactic delays spaceflights to autumn 2026, focusing on Delta spacecraft development for reusability and faster turnaround.
- Virgin Galactic reports $410,000 revenue for Q2, plans to raise ticket prices to $600,000 in 2026, and reduces headcount by 7%.
- Firefly's IPO success seen as a positive sign for the commercial space industry and US IPO market strength.
- Virgin Galactic pauses commercial operations to optimize Delta spacecraft, with ticket sales resuming in Q1 2026.