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Virgin Galactic selling tickets to space for an out-of-this-world price - $450,000

Aug. 10, 2021
3 min read
Virgin Galactic selling tickets to space for an out-of-this-world price - $450,000
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The price for the once-in-a-lifetime experience of flying to the edge of space keeps going up, up, up.

Virgin Galactic, billionaire Richard Branson's spaceflight venture, has reopened ticket sales for seats on its suborbital rocket plane for the first time in nearly 10 years. But if you want to take in that incredible view Branson saw when he took a flight on the Unity craft on July 11, be prepared to cough up a small fortune.

How steep is the price? Try $450,000 per ticket.

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Virgin Galactic's VSS Unity comes in for a landing after its suborbital test flight on December 13, 2018, in Mojave, California. (Photo by GENE BLEVINS/AFP/Getty Images)

Virgin Galactic is offering several types of opportunities for deep-pocketed thrill-seekers. The first is the single-seat reservation that costs $450,000, a substantial bump from the initial prices years ago, when they were sold for between $200,000 and $250,000. The second tier is the chance for a family or group of friends to buy multiple seats, and the third is the option to reserve all six seats on a given flight, which according to CEO Michael Colglazier will cost a "modest premium." The fact the company didn't put a number on the "modest premium" leads us to believe it will be anything but a modest increase.

Related: Could you redeem miles for a space flight?

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There will also be seats made available for "microgravity research and professional astronaut training," which will be priced at $600,000 apiece. Tickets will be first offered to the people who joined Virgin Galactic's Spacefarer Community in recent months and put down a $1,000 deposit. A company spokesperson says about a thousand people have put deposits down, signaling a strong interest in the brief journey more than 50 miles above the earth.

Related: Richard Branson goes to space

Wall Street appears to be optimistic about commercial passenger space travel. Shares of the company jumped 5% when tickets were announced last week. Maybe one reason they're bullish on Virgin Galactic's prospects is that it already has 600 people with purchased tickets waiting for their chance to visit space.

Virgin Galactic received approval from the U.S. aviation safety regulator to fly people to space in June. As TPG noted before, passengers who fly on Virgin Galactic trips to space will earn astronaut wings.

Virgin Galactic's Carrier Aircraft VMS Eve and VSS Unity. (Photo courtesy of Virgin Galactic.)

Related: Virgin Galactic is getting closer to taking passengers into space

Featured image by SOPA Images/LightRocket via Getty Images
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
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If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

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Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
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Best premium travel card for value
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10xEarn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
5xEarn 5x total points on flights through Chase Ultimate Rewards®.
3xEarn 3x points on other travel and dining.
1xEarn 1 point per $1 spent on all other purchases
  • Intro Offer
    Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®

    80,000 bonus points
  • Annual Fee

    $550
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

If you are looking to take your premium rewards to the highest level, this card is really a no brainer in our eyes. Chase's Ultimate Rewards make points easy to redeem, with a wide range of 10 airline and three hotel transfer partners and a friendly user interface. Despite the high annual fee, Chase is consistently adding new benefits to keep the card competitive in a fierce premium rewards field.

Pros

  • $300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Access to Chase Ultimate Rewards hotel and airline travel partners
  • Unlimited 3x points on the broad category of travel and dining
  • 50% more value when you redeem your points for travel through Chase Ultimate Rewards®
  • Broad definitions for travel and dining bonus categories

Cons

  • Steep $550 annual fee
  • May not make sense for people that don't travel frequently
  • You must spend the $300 travel credit before earning 3x points for travel and dining
  • No automatic hotel elite status
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more