Tag Archives: Galactic

(Bloomberg) — Virgin Galactic Holdings Inc. is pushing the start of commercial flights further into next year after rescheduling a test flight, disappointing investors with the unexpected delay to its space tourism business plans. Most Read from Bloomberg A program to upgrade the company’s spaceplane is taking place a month later than anticipated, forcing the delay of a planned research mission with a crew of four and the start of commercial service into the fourth quarter of 2022, it said… Source link

By Julio-Cesar Chavez and Steve Gorman    (Reuters) – Virgin Galactic Holding Inc acknowledged on Tuesday that billionaire founder Richard Branson never rode a bicycle to the launch site of his space flight on Sunday, as depicted in a highly publicized video included in the company’s webcast of the event.    The video clip showed Branson riding his bike toward New Mexico’s state-owned Spaceport America near the town of Truth or Consequences, flanked by two SUVs, and handing his safety… Source link

Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link

(Reuters) -Virgin Galactic Holdings Inc on Monday filed to sell up to $500 million in common stock, a day after the company completed its first fully crewed test flight into space with billionaire founder Richard Branson on board.    Shares in Virgin Galactic reversed premarket gains of 8% to trade down nearly 12%, wiping off more than $1 billion from the company’s market capitalization following the share sale announcement.    The sale would account for up to 4% of Virgin Galactic’s… Source link

Benzinga AMC & GME are Not the Only Reddit Penny Stocks to Buy According to Top Wall Street Analysts If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat… Source link

By Rich McKay (Reuters) – Flying at Mach 3 and reaching more than 55 miles above the Earth Saturday, British billionaire Sir Richard Branson’s private spaceship company Virgin Galactic Holdings Inc completed its first manned space flight from its new home port in New Mexico. This is a milestone in Branson’s near two-decades effort to create a commercial “spaceline” to take paying customers into outer space. Touted as the first human spaceflight from the state, Branson’s SpaceShipTwo craft… Source link