Virgin Galactic's shares surged 15.9 percent to close at $17.39 after it signed an agreement with NASA's Johnson Space Center to train astronauts for trips to the International Space Station.
Under the "Space Act Agreement," Virgin Galactic will develop a "private orbital astronaut readiness program," similar to what it does to prepare tourists for space flights.
According to Virgin Galactic CEO George Whitesides, the program will not only allow the publicly traded company to use its spaceflight platform but also offer its space training infrastructure to NASA and other agencies.
Virgin Galactic, primarily owned by founder Richard Branson and chairman Chamath Palihapitiya, has 603 reservations for private passengers to fly to space.
The majority of those tickets were sold for $200,000 to $250,000 per person.
The company is still at the testing stage at the company's operating base in New Mexico, toward providing its first flight of a paying customer.
NASA Administrator Jim Bridenstine said that the agency would provide more details this week.


SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 



