Virgin Galactic (SPCE) could redo a test flight of its SpaceShipTwo vehicle as early as Saturday, a key step needed before commercial flights can start. SPCE stock rose.
The test comes after the space tourism company aborted a powered flight on Dec. 12, when it failed to hit important milestones due to a sudden halt in the rocket motor’s ignition sequence.
Management has said that the next powered flight will test the work that has been done since the aborted flight.
“The team has installed the hybrid rocket motor into SpaceShipTwo Unity as part of preflight preparations for our flight test window opening this week. Thanks to Senior Propulsion Engineer, and New Mexico native, Rich C De Baca, for the video walk-through!”
The test will also include the original objectives from the December flight, which was supposed to complete data-gathering for the final two FAA verification and validation milestones.
Those milestones are needed before SpaceShipTwo can be cleared for commercial flights.
In addition, the customer cabin as well as upgraded horizontal stabilizers and flight controls will be evaluated.
Wall Street has been extremely bullish on the company despite it not having started commercial service or earned any revenue. The majority of analysts still have a buy rating on SPCE stock. If the test flight is successful Price of SPCE should be reaching new all-time highs.
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