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    Home » Rising Costs in Space Exploration – E24
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    Rising Costs in Space Exploration – E24

    Faroe Islands ReviewBy Faroe Islands ReviewApril 3, 2026No Comments2 Mins Read
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    Rising Costs in Space Exploration – E24
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    Looking to break free from the typical Easter holiday? Here’s your chance to embark on a journey as a space tourist.


    HIGH FLYING: The image is from Virgin Galactic’s first commercial flight in 2023. Photo: HANDOUT / AFP / NTB

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    After a two-year pause, Richard Branson’s Virgin Galactic has reopened sales for commercial space flights, according to a report by Bloomberg.

    Limited tickets have been made available for the extraordinary journey, with each price tag set at $750,000—approximately 7.3 million Norwegian kroner. This marks about $100,000 more than previous fares.

    For contrast, a day on the slopes at Påskefjellet comes to nearly 3,000 kroner, as reported by VG.


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    The company had temporarily halted ticket sales while upgrading its Delta space plane, scheduled for completion by late 2026.

    Each trip promises an altitude of approximately 80 to 89 kilometers, granting passengers about three minutes of weightlessness. The entire experience from launch to landing lasts roughly 60 to 75 minutes, equating to a minute price tag of between 98,000 and 122,000 kroner.

    The Sole Contender

    In January, Blue Origin, the space venture founded by Amazon’s Jeff Bezos, ceased its flights aboard the New Shepard rocket. With this, Virgin Galactic emerges as the sole major player in the realm of space tourism, as confirmed by Bloomberg.

    This renewed ticket sales announcement coincides with disappointing quarterly results for the fourth quarter of 2025, where the company reported revenues around $312,000—well below the anticipated $360,000.

    Over the past five years, Virgin Galactic’s shares have plummeted by an astonishing 99.6 percent on the New York Stock Exchange.

    The company also anticipates that additional spacecraft will be ready for operation by the close of the fourth quarter this year or early 2027, all while ramping up the number of space flights.

    This article was created using AI tools from Anthropic and quality assured by E24.

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