Virgin Galactic on Wednesday said it has entered into a sales agreement to sell shares of its common stock to boost the development of its next-generation spaceflight fleet, which is expected to take more frequent trips to suborbit.

In announcing the news, company officials also held a third-quarter earnings call that touched on the Virgin Galactic's progress in building out its fleet, which could include up to four ships and an additional mothership to go along with the VMS Eve.

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