Virgin Galactic shares soar like a rocket
CNN
Virgin Galactic's successful test flight to the edge of space Saturday has helped to get its stock climbing again.
Shares of Virgin Galactic (SPCE) shot up 16% in early trading Monday after Saturday's flight. The stock is up more than 60% from where it bottomed out earlier this month. The flight carried two pilots to an altitude of 55.45 miles, according to the company, positioning Virgin Galactic to begin launching paying customers within the next year. The 50-mile mark is considered to be where the earth's atmosphere ends and space begins.
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