Virgin Galactic to launch space tourism flights this month

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Sir Richard Branson's space tourism company Virgin Galactic says it will launch its first commercial flight before the end of this month.

The firm is targeting a launch window for the flight, which is called Galactic 01, from 27 June to 30 June.

After the announcement to investors, Virgin Galactic shares jumped more than 40% in extended New York trading.

In May, Virgin Orbit - a separate space firm owned by the UK billionaire - shut down, months after a mission failed.

Virgin Galactic said the first flight will be a scientific research mission, carrying three crew members from the Italian Air Force and the National Research Council of Italy to conduct microgravity research.

The company said its second commercial spaceflight will follow in early August, and it expects to operate monthly spaceflights from then on.