The first commercial flight will take off before the end of this month, according to Sir Richard Branson's space tourism company Virgin Galactic.
The Galactic 01 flight is scheduled to launch between June 27 and June 30, according to the company.
Following the announcement, shares of Virgin Galactic increased by more than 40% in extended New York trading.
Virgin Orbit, a rocket company owned by a UK billionaire, shut down in May, just months after a significant mission failure.
According to Virgin Galactic, the first flight will be a microgravity research mission with three crew members from the Italian Air Force and the National Research Council of Italy.
Early in August, the company said, it will conduct its second commercial spaceflight. After that, it expects to conduct monthly spaceflights.
It represents a significant accomplishment for the 19-year-old Virgin Galactic, which has faced numerous technical difficulties and accidents.
After being idle for nearly two years, Virgin Galactic's rocket plane, Unity, resumed flight last month.
The car, which had two pilots and four passengers on board, rose above the American desert of New Mexico to the edge of space before gliding back down.
Prior to the start of the company's eagerly anticipated first commercial service, it was billed as the vehicle's final test flight.
More than 800 tickets for flights over 80km (260,000ft) above Earth have been sold by Virgin Galactic.
The failure of a mission that had been hailed as a potential turning point for UK space exploration led Sir Richard's rocket company Virgin Orbit to shut down in May as well.
The company, which was established to launch satellites, had earlier in the year halted operations in an effort to improve its financial situation.
The majority of Virgin Orbit's California headquarters as well as several items, including the converted jet Cosmic Girl, have been sold.
For the Virgin CEO, it has been a turbulent time.
After his airline and leisure businesses suffered lockdowns, Sir Richard told the BBC in May that he had personally lost about £1.5bn (£1.9bn) as a result of the pandemic.
At one point, he claimed, "I thought we were going to lose everything.". According to the most recent Sunday Times Rich List, he has maintained his billionaire status and has a net worth of $21 point 4 billion.
