ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Virgin Galactic's First $450K-a-Ticket Commercial Spaceflight Lifts Off This Month; All You Need To Know

The highly anticipated mission, called "Galactic 01," will carry three crew members from the Italian Air Force and the National Research Council of Italy for a scientific research expedition.
PUBLISHED JUN 19, 2023
Cover Image Source: Twitter/@virgingalactic
Cover Image Source: Twitter/@virgingalactic

Virgin Galactic, billionaire Richard Branson's space company, is set to make history as its first-ever commercial spaceflight lifts off later this month. The highly anticipated mission, called "Galactic 01", will carry three crew members from the Italian Air Force and the National Research Council of Italy for a scientific research expedition.

This marks a significant step in the development of commercial space travel as Virgin Galactic aims to demonstrate the unique suborbital science capabilities of their spacecraft.

According to Space.com, passengers onboard will reach a staggering altitude of 300,000 feet, or more than 55 miles above the Earth's surface. The voyage begins with a carrier plane called VMS Eve, which carries a six-passenger, two-pilot space plane named VSS Unity. After ascending to an altitude of 50,000 feet, VMS Eve releases VSS Unity, which then ignites its rockets and accelerates to three times the speed of sound, propelling itself into sub-orbit.



 

Once in space, passengers will have the incredible opportunity to unbuckle and float freely in a weightless environment for several minutes. They will also be able to marvel at the breathtaking views of Earth through the 17 windows of the spacecraft. After this, the spacecraft will glide back to Earth and make an unpowered runway landing.

Spaceport America: The Gateway to the Stars

These groundbreaking missions will launch from Spaceport America, located in New Mexico, which serves as Virgin Galactic's commercial hub. This state-of-the-art spaceport has been specifically designed to facilitate commercial space travel and will be the launch site for future Virgin Galactic flights.

Image Source: GettyImages/Daniel Berehulak
Image Source: GettyImages/Daniel Berehulak

The Price of a Dream

While this extraordinary journey comes at a considerable cost, with a ticket price of $450,000, the demand for this once-in-a-lifetime experience is high. Several hundred customers have already reserved their seats by making the initial deposit of $150,000. Prior to the launch, passengers must undergo medical checkups and complete a detailed questionnaire to ensure their suitability for the spaceflight.

Image Source: GettyImages/David Lienemann
Image Source: GettyImages/David Lienemann

Passengers also have the option to undergo weeks of training to enhance their readiness for the journey. This training encompasses various aspects such as weightlessness preparation, G-Force readiness, emergency procedures, and sensory saturation. By providing this comprehensive training program, Virgin Galactic aims to ensure the safety and comfort of its passengers during their space adventure.



 

Virgin Galactic's upcoming commercial spaceflight is the culmination of years of hard work and dedication. The company has been diligently working for over a decade to realize its vision of offering commercial space travel to the public. In 2021, Virgin Galactic received federal approval for its operations, paving the way for the realization of their ambitious goals. The successful completion of this mission will mark a significant milestone in the commercial space industry.



 

Looking Ahead

Following the debut mission, Virgin Galactic has already scheduled a second launch, "Galactic 02," for August. The company plans to ramp up its operations and aims to conduct approximately 400 flights per year from Spaceport America. In pursuit of this goal, Virgin Galactic is building its next class of rocket-powered planes at a facility in Arizona.

MORE ON MARKET REALIST
On Christmas day, the contestant, Paul pulled off a win with the tiniest of margins.
2 days ago
This tech giant is betting on the next primary computing device for the world.
2 days ago
This marked the second time this week a player lost out on the $100,000 prize.
2 days ago
Turns out Harvey was just trying to help out a player get some points.
3 days ago
Host Ken Jennings accepted an answer despite an error that most found unacceptable.
3 days ago
The U.S. district court judge's ruling comes ahead of a verdict on tariffs by the Supreme Court.
3 days ago
The player, Erica Sciuto picked all the letters that she needed to win.
3 days ago
While the host comically tried to hide the mistake, the prop was clearly on the floor.
3 days ago
Harvey wasn't prepared to hear some of the answers, at all.
4 days ago
Starting January 7, about 7,000 defaulters are set to receive notices from the Education Department.
4 days ago
Even the host, Ryan Seacrest was surprised to see the good player lose out.
4 days ago
Walmart has deployed several AI-powered tools to deliver a smooth shopping experience.
5 days ago
The warehouse retailer is making a layout change, which may dictate how long customers wait for checkout.
5 days ago
Retailers including Best Buy, Kohl's, Macy's, and more will charge a fee on returns.
5 days ago
Hearing the answers, Harvey wondered how the team that won the question got so far in the game
Dec 16, 2025
Shopper, creator, @sharpintx fell victim to 'return fraud' in the worst possible way.
Dec 16, 2025
Several companies have publicly stated that they are passing on the tariff costs to customers.
Dec 16, 2025
The guest was at a loss for words after hearing the value of the Patek Phillippe watch.
Dec 15, 2025
The fast food chain has raise prices like other but won over its customer base like none.
Dec 15, 2025
BofA Metals Cheif, Michael Widmer estimates gold to hit the $5,000/oz mark in 2026.
Dec 15, 2025