That was the reason for the growth of shares of Virgin Galactic by 10%

Virgin Galactic (SPCE) has received approval from the US Federal Aviation Administration (FAA) for space flights. Investigation into the July 11 incident with the Unity 22 spacecraft has.

Richard Branson’s Virgin Galactic (SPCE) was approved Wednesday by the Federal Aviation Administration to reopen space flights after the agency completed an investigation into the flight of Unity 22. The FAA notified Virgin Galactic that the company’s proposed measures had been approved and completed the study, which began on August 11.

“Our entire approach to space travel on a fundamental commitment to safety at every level, including the space flight system and flight test program,” said Michael Colglazier, chief executive officer of Virgin Galactic, in a statement Wednesday. “We appreciate the FAA’s careful consideration of this matter. In addition, our flight test program to improve processes and procedures.

Changes to the emergency reporting system will improve our preparation as we are already close to starting to provide commercial services.” In a statement, the FAA said SpaceShipTwo had deviated from course on its return to Spaceport America in New Mexico. As a result, the agency said Virgin Galactic would not be able to resume flights until it approves the final investigation report or determines that the issues related to the accident do not affect public safety.

Virgin Galactic has decided to revise the amount of space it needs to launch spacecraft in such a way as to optimize the flight path. The firm also proposed additional steps to improve its flight procedures to provide real-time FAA air traffic control alerts. Virgin Galactic said it continues to focus on pre-flight readiness for its next mission, Unity 23. Virgin Galactic shares rose more than 10% on Wednesday to $ 24.88 postmarket.