Shares of Branson's Space Travel Company skyrocket as much as its space flight

LONDON: Richard Branson's space travel has paid off for his company. Shares of his company, Virgin Galactic Holdings, rose 22 percent to 11 11.98 billion, up 84 841 million from 11. 11.14 billion. Thus in space tourism there is a bet between Branson and Bezos' company. Bezos will go into space on July 20. But after the company announced a સે 500 million share sale, its share price plunged 15.17 per cent to 41 41.98, down from 42 42.

The 70-year-old billionaire and his five employees embarked on a successful spacewalk on Sunday in an hour-long journey to 50 miles above the Earth's surface. Richard Branson's rocket powered flight went over 50 miles. As a result of this success, investors are now seeing a honeymoon in the space tourism industry.

Branson's successful venture also had an impact on his company. Shares of his company, Virgin Galatic Holdings, jumped 22 percent as the US market opened on Monday. Thus its value is currently even higher than the peak of February. Shares rose 7.1 percent in the pre-opening session at 5.25am in New York. The 70-year-old billionaire and his five employees successfully completed a long-awaited space test flight on Sunday. The success of this mission has doubled the company's enthusiasm and it has decided to enter space tourism from next year. "Welcome to the dawn of a new space age," Bransen told guests at the Spaceport America complex.

Virgin Galactic plans to launch space tourism from the beginning of 2022. It currently has more than 200 customers. The company said it could start selling tickets after summer test flights. Its executive says its rent will be more than અગાઉ 2.5 million per previous seat. The company's share price doubled on Friday this year to બજાર 11.8 billion.

Richard Brans has achieved the feat just nine days before Amazon founder Jeff Bezos is due to go into space on July 20.