Richard Branson finally weighs in on the flight shaming movement. Source Virgin
29 October, 2019, 00:28
Virgin Galactic is about to become the first space-tourism company to list on the New York Stock Exchange, expected as soon as Monday, multiple news sources including CNBC, Spacenews.com and The Verge reported this week.
"This is a shaky environment for companies with grand visions but unproven models" said Matthew Kennedy, senior IPO market strategist at Renaissance Capital.
'For the first time, anyone will have the opportunity to invest in a human spaceflight company that is transforming the market'.
Earlier this week, Palo Alto-based Social Capital Hedosophia Holdings Corp approved a merger and $700 million investment in the space venture. But, for a fraction of that ticket price, you can now own a piece of Sir Richard Branson's space company on the New York Stock Exchange. This allowed it to list Virgin Galactic shares without going through the traditional stock offering process.
Virgin Galactic now has one operational SpaceShipTwo craft, the VSS Unity, which has completed two test flights to suborbital space and more under construction.
Virgin Galactic already has customer reservations from more than 600 people in 60 countries representing approximately $80 million in total collected deposits, and over $120 million of potential revenue. For years, Virgin Galactic has been locked in competition with fellow billionaire-led enterprises, such as Elon Musk's SpaceX and Jeff Bezos's Blue Origin.
So far, Virgin has flown its vehicle SpaceShipTwo to the edge of space twice. Branson is using an aircraft to carry a spaceship to high altitudes, where it blasts away. The second, in February, had two pilots and a crew member.
This raised much-needed funds for Virgin Galactic after Branson in 2018 said the company would suspend discussions with Saudi Arabia's Public Investment Fund over a planned $1 billion investment after the murder of Saudi journalist Jamal Khashoggi. With our proprietary spaceflight system, special airspace access at Spaceport America, globally-recognized brand and broad investor interest, I believe VG is ideally positioned to capitalize on the fast-growing, multibillion-dollar commercial space market and ultimately open space to thousands of new astronauts.
Virgin Galactic is moving operations and personnel from Mojave to Spaceport America in Upham, New Mexico, in anticipation of starting operations next year.
When both teams are tied at 85, watching the Clippers outscore the Lakers by double digits in that final frame is not a good look. This expected jump coupled with Kawhi Leonard leaving the conference, will lead to Tatum's first All-Star appearance.
Esper said on Monday that he had not made a final decision on that option and had not yet presented it to President Donald Trump . With the USA pulling out its troops, Kurdish commander Mazlum Kobani is predicting his people will be slaughtered.
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It is the first time in 12 years England have reached the semi-final, but it will be the last game in charge for Cheika. Closer to home, the success of Australian rugby has always been tied to the Wallabies.
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Since Thomas' comments, Patriots head coach Bill Belichick has responded to the wide receiver in a diplomatic fashion. At my position and what I do, it was affecting me cutting and changing direction, and I do that every single play.
Milley could not confirm President Donald Trump's description of al-Baghdadi as "whimpering and crying" in his final moments. He added that it was Iran's help that pushed Baghdadi out of Iraq and into Idlib in Syria and allowed him to be located.
An investigation found that the " gender reveal " announcement resulted in an explosion, the sheriff's office told NBC News . The woman was at a party for a couple to announce the gender of the baby they are expecting, sheriff's officials said.
The Asian financial hub is facing its first recession as a result of the unrest which has taken a toll on tourism and retail. Hong Kong's Commissioner of Police, Stephen Lo, said on Friday that his force was facing an unprecedented challenge.
EU nations agree to Brexit extension until January 31
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Kurds say they have withdrawn from Syrian border region
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Dennis Quaid, 65, confirms engagement to Laura Savoie, 26
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Chile declares state of emergency amid student riots
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