Virgin Galactic's Stock Value Soars Almost 40% After Space Flight Go Ahead

Following the news that Sir Richard Branson's Virgin Galactic has received Federal Aviation Administration approval to take paying passengers into space, the company's stock value jumped almost 40% in trading on Friday.The British-American spaceflight company had been operating under a license that allowed preliminary space flights since 2016, but this recent announcement marks the first time the FAA has licensed a space tourism company to fly commercial passengers.The 38.9% rise -- which closed...