Virgin Galactic accepting $1,000 refundable deposits toward tickets

Virgin Galactic will before long re-open up ticket product sales for its flights and, in the meantime, possible space vacationers will be able to make a deposit to help you save a place in line.

Calling it the “1 Compact Step” initiative, the company introduced it will begin accepting deposits on Wednesday by its web page. People who shell out the thoroughly-refundable $1,000 deposit will be the very first offered reservations for spaceflights when Virgin Galactic re-opens ticket product sales.

“We have been tremendously encouraged by the ongoing and rising demand observed from close to the world for personalized spaceflight,” Virgin Galactic’s Business Director Stephen Attenborough mentioned in a assertion.

A Virgin Galactic lounge within Spaceport The united states in New Mexico.

Virgin Galactic

Virgin Galactic did not disclose pricing or timing for the upcoming batch of seats. CEO George Whitesides has claimed a short while ago that the firm could increase its costs substantially from about $250,000 for 1st business flights. Whitesides also told CNBC in January that the firm has viewed steadily growing demand from prospective holidaymakers, including that “afterwards on in the yr we’ll re-open” ticket profits.

Considering the fact that its founding in 2004, the firm has 603 reservations on its publications – with the majority bought for between $200,000 and $250,000 per individual.

Ticket product sales have essentially been frozen due to the fact a Virgin Galactic crash in 2014 killed a pilot all through a check flight. Following updating its spacecraft, and spending the last couple years verifying its basic safety, Virgin Galactic has flown five folks to house on two thriving examination flights.

Subscribe to CNBC Pro for unique insights and assessment, and reside business working day programming from all over the planet.

Resource connection