SpaceX won't be the only private company bringing people to the International Space Station. Virgin Galactic announced that it has signed a deal with NASA to train private astronauts and coordinate potential trips to the ISS.
New York SpaceX won't be the only private company bringing people to the International Space Station. Virgin Galactic announced Monday that it has signed a deal with NASA to train private astronauts and coordinate potential trips to the ISS.
Shares of Virgin Galactic soared more than 10% on the news. The stock has surged nearly 45% so far in 2020, largely due to optimism about demand for private space travel, even though it continues to lose money.As part of Virgin Galactic's deal with NASA, the company will"develop a new private orbital astronaut readiness program," it said in a statement.
See Virgin Galactic's Under Armour spacesuits 01:06The enthusiasm for Virgin Galactic's business has even spread to other parts of the stock market. There's even an ETF with the ticker symbol of UFO that invests in companies catering to the business of space travel and exploration. Virgin Galactic is a top holding in the fund.
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