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Vagia • Commercial Service on Track for Q4 2022 • Strong Ticket Sales at Updated Pricing of $ 450,000 per . Seat • Demonstrates Value of Differentiated Community Experience • Commenced Fleet Enhancement Program to Increase Flight Rate and Extend Vehicle Service Life Ahead of Commercial Launch GALACTIC LAS CRUCES , N.M. - November 8 , 2021 - Virgin Galactic Holdings , Inc. ( NYSE : SPCE ) ( " Virgin Galactic " or the " Company " ) today announced its financial results for the third quarter ended September 30 , 2021 . Virgin Galactic Announces Third Quarter 2021 Financial Results " We are entering our fleet enhancement period with a clear roadmap for increasing the durability , reliability and predictability of our vehicles in preparation for commercial service next year , " said Michael Colglazier , Chief Executive Officer of Virgin Galactic . " Demand for space travel is strong , and we've been selling seats ahead of the pace we had planned . This demonstrates the incredible market for our product and appreciation for the value of the unique experience we offer . It's a pivotal time for the Company as we transition from a prototyping space innovator to the global , scaled , commercial operation we are becoming . " ● Business Highlights : ● ● Expected start of private astronaut commercial service on track for Q4 2022 . On July 11 , 2021 , successfully completed first fully crewed spaceflight , Unity 22. The flight fulfilled several test objectives including evaluating the cabin and customer experience . The livestream was watched by tens of millions around the world and brought in tens of thousands of requests for information on future Virgin Galactic spaceflights . In August 2021 , opened sales to our Spacefarer community , the group of early hand - raisers who had reserved the right to be first in line for tickets . The Company announced a target of 1,000 reservations prior to the launch of private astronaut commercial service . Approximately 700 of these 1,000 have been sold to date . Current pricing of $ 450,000 per seat has been well received . On October 14 , 2021 , announced the beginning of planned vehicle enhancement period . This program will increase vehicle service life and flight - rate capability in preparation for commercial service . In October 2021 , the Company entered into a lease agreement for a new design and collaboration center where the next generation vehicles will be designed and engineered .