Virgin Galactic says it is ready to launch commercial space tourism flights, and consumer sentiment is expected to grow. Here’s what investors need to know today.

1. Virgin Galactic announces first flights for space tourism in June

After announcing that it would begin offering commercial space tourism services in late June, shares of Virgin Galactic (SPCE) rose more than 40% in premarket trading. The space tourism company founded by Richard Branson said it will launch monthly commercial flights to the edge of space in August.

2. Consumer sentiment is expected to rise

The University of Michigan Consumer Sentiment Index (MCSI) it is expected to rise to 60.8 from 59.2 when preliminary results from the latest monthly survey are released at 10 a.m. ET. Also today, Fed Governor Christopher Waller is scheduled to speak at 7:45 a.m. ET, and Richmond Federal Reserve President Tom Barkin will speak at 2:30 p.m. ET.

3. Intel plans to add a Polish manufacturing plant to meet growing European demand

Intel (INTC) will build a $4.6 billion semiconductor assembly and test factory in Poland to begin operations in 2027 as part of a plan to meet growing European demand. Chip manufacturer has plans to manufacture wafers in Ireland and last year announced plans for a facility in Germany. Intel shares rose 0.9% in premarket trading.

4. Tesla is offering 3 months of charging to help clear Model 3 inventory

Tesla (TSLA) offers three months of free recharge Supercharger Network for customers who purchase a Model 3 sedan by June 30 in the US or Canada. The deal is part of the company’s efforts manufacturer of electric vehicles to move inventory before the end of the fiscal quarter and comes as Tesla has cut and raised prices on its models over the past few months. Tesla shares were down 0.35% in premarket trading.

5. Rivian accelerates production of electric SUVs

Company representative at electric vehicle manufacturer Rivian (RIVN) Automotive said it is rapidly ramping up production of its EV SUV, outpacing production of the company’s plug-in pickup truck in the quarter. The California-based electric car maker is expected to produce 50,000 vehicles this year, doubling its output from 2022. Rivian shares rose 0.6% in premarket trading.

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