“The Buzz” Show: Virgin Galactic (NYSE: SPCE) Receives FAA Approval for Full Commercial Launch License | Financial Buzz

“The Buzz” Show: Virgin Galactic (NYSE: SPCE) Receives FAA Approval for Full Commercial Launch License

Virgin Galactic Holdings, Inc. (NYSE: SPCE) receives an updated from the Federal Aviation Administration (“FAA”) about the Company’s existing commercial space transportation operator license to allow the spaceline to fly customers to space.

Virgin Galactic manufactures air and space vehicles and the company’s spaceship operations include commercial human spaceflight, flying commercial research, and development payloads into space.

The Company also announced that it has completed an extensive review of data gathered from its May 22 test flight and confirmed that the flight performed well against all flight objectives. The adjustment to Virgin Galactic’s operator’s license, which the Company has held since 2016, marks the first time the FAA has licensed a spaceline to fly customers. It is further validation of the Company’s methodical testing program, which has met the verification and validation criteria required by the FAA.

For more information, please visit: Virgin Galactic Holdings, Inc.

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