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Virgin Galactic shares soar as space tourism expectations rise

6 mins read

The FINANCIAL — Shares of Virgin Galactic surged nearly 25% which is highest one-day increase since April. The stock in total has gained 78% this year. Bank of America analyst Ronald Epstein set a $35 price target, more than double Virgin Galactic’s closing price on Friday. Epstein believes the commercial space market will hit $1.4 trillion by 2030. Virgin Galactic expects to advance to the next phase of its test flight program with its first powered spaceflight from Spaceport America this fall. Shares of Virgin Galactic surged nearly 25% in trading Monday after Wall Street firms continued to set higher expectations for the…

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Virgin Galactic shares soar as space tourism expectations rise

6 mins read

The FINANCIAL — Shares of Virgin Galactic surged nearly 25% which is highest one-day increase since April. The stock in total has gained 78% this year. Bank of America analyst Ronald Epstein set a $35 price target, more than double Virgin Galactic’s closing price on Friday. Epstein believes the commercial space market will hit $1.4 trillion by…