Virgin Galactic posts first-ever quarterly earnings update.
5 years, 1 month ago

Virgin Galactic posts first-ever quarterly earnings update.

CNN  

New York CNN Businesss — Virgin Galactic, which recently became the world’s first publicly traded space tourism venture, posted its inaugural earnings report Wednesday, which showed just how much money the company was bleeding before it was acquired by a venture capital firm. It was widely known that Galactic was strapped for cash before it closed a deal on October 25 to merge with Social Capital Hedosophia, a “blank check” investment tool created by venture capitalist Chamath Palihapitiya that traded on the stock market for years before its deal to acquire Virgin Galactic. Galactic has long talked about conducting long-distance flights, and Boeing in October invested $20 million in the company in a deal focused largely on aiding development of hypersonic transit. But, Korus added, he’s still unsure whether Galactic’s core tourism business will be able to sustain the company until it can get a point-to-point business off the ground.

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History of this topic

Millions Join Live Stream to Buy Tickets to First Chinese Rocket Trip to Space
2 months, 2 weeks ago

Millions Join Live Stream to Buy Tickets to First Chinese Rocket Trip to Space

CNN  

Millions of people tuned in to a livestream on Chinese shopping platform Taobao to purchase two tickets for passage on the first Chinese rocket ship to take tourists to space. The tickets, priced at 1,000,000 yuan (around $140,000), sold out immediately, with the identities of the ticket buyers not disclosed.

How Jeff Bezos built his $200BN fortune to become the world's richest man: Amazon founder made $7.9MN EVERY hour last year and is now worth more than THREE HUNDRED times Tom Cruise's mega $600MN fortu
10 months ago

How Jeff Bezos built his $200BN fortune to become the world's richest man: Amazon founder made $7.9MN EVERY hour last year and is now worth more than THREE HUNDRED times Tom Cruise's mega $600MN fortu

Daily Mail  

Jeff Bezos has taken back his spot as the world's richest man for the first time in three years after amassing a $200billion fortune. In February 2020, he shelled out $165million for this 13,600 sq ft Georgian-style mansion in Beverly Hills, California, which boasts terraces, guest houses, a tennis court, and a nine-hole golf course Jeff Bezos's yacht named Koru …

Space Tourism: Virgin Galactic's third commercial flight takes tourists to the edge of space and back
1 year, 4 months ago

Space Tourism: Virgin Galactic's third commercial flight takes tourists to the edge of space and back

Hindustan Times  

Virgin Galactic Holdings Inc. said it launched its third commercial flight Friday morning, sending another crew of paying tourists to the edge of space and back. Space Tourism: Virgin Galactic's third commercial flight takes tourists to the edge of space and back The flight, called Galactic 03, marks the latest milestone for the venture, founded by billionaire Richard Branson, as …

Virgin Galactic launches first tourism mission after decades of promises
1 year, 4 months ago

Virgin Galactic launches first tourism mission after decades of promises

CNN  

Editor’s Note: Sign up for CNN’s Wonder Theory science newsletter. The group’s journey began at Virgin Galactic’s spaceport in New Mexico, where the passengers boarded VSS Unity as it sat attached beneath the wing of the mothership called VMS Eve. Space tourists, from left, Jon Goodwin, Anastatia Mayers and her mother, Keisha Schahaff, are seen before boarding their Virgin Galactic …

Virgin Galactic sends first paying customers to space: Who all flew, What next
1 year, 6 months ago

Virgin Galactic sends first paying customers to space: Who all flew, What next

Hindustan Times  

In a long-awaited commercial debut, Virgin Galactic Holdings Inc. on Thursday sent paying customers to the edge of space for the first time, a milestone in the emerging private spaceflight sector. The VSS Unity craft reached space at about 9:30am local time in New Mexico, carrying six people on board, including researchers from the Italian Air Force and the National …

Virgin Galactic successful in first commercial space flight
1 year, 6 months ago

Virgin Galactic successful in first commercial space flight

Hindustan Times  

Virgin Galactic successfully flew its first paying customers to the final frontier Thursday, a long-awaited achievement that puts it back on track in the emerging private spaceflight sector. The flight came almost two years after Virgin Galactic's founder Richard Branson flew to space in a test flight meant to usher in a new era of lucrative space tourism. But the …

Italian researchers reach the edge of space flying aboard Virgin Galactic’s rocket-powered plane
1 year, 6 months ago

Italian researchers reach the edge of space flying aboard Virgin Galactic’s rocket-powered plane

Associated Press  

ALBUQUERQUE, N.M. — A team of Italian researchers reached the edge of space Thursday morning, flying aboard a rocket-powered plane piloted by Virgin Galactic as the space tourism company prepares for monthly commercial flights. Virgin Galactic has been working for years to send paying passengers on short space trips and in 2021 finally won the federal government’s approval. After reaching …

Virgin Galactic’s first commercial space flight safely lands
1 year, 6 months ago

Virgin Galactic’s first commercial space flight safely lands

Al Jazeera  

Passengers and crew on VSS Unity rocket plane go for 75-minute suborbital ride to edge of space in landmark flight. Virgin Galactic, the company founded by United Kingdom entrepreneur Richard Branson in 2004, has successfully completed its first commercial flight to the edge of space. Two Italian air force officers and an aerospace engineer from the National Research Council of …

Dream of going to space? Virgin Galactic just launched commercial flights
1 year, 6 months ago

Dream of going to space? Virgin Galactic just launched commercial flights

LA Times  

Three Italian researchers and a Virgin Galactic employee flew to the edge of space on the company’s first commercial flight. On Thursday, that hype finally became reality when three Italian researchers boarded the VSS Unity space plane as Virgin Galactic’s first paying passengers and flew about four minutes in suborbital space. Business Virgin Galactic’s Richard Branson plans to visit space …

Virgin Galactic sets dates for first space tourism flights
1 year, 6 months ago

Virgin Galactic sets dates for first space tourism flights

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Virgin Galactic will launch its first commercial space tourism flights before the end of June, Sir …

Blue Origin awarded its first NASA interplanetary launch contract for Mars mission
1 year, 10 months ago

Blue Origin awarded its first NASA interplanetary launch contract for Mars mission

The Hindu  

Blue Origin, the private space company founded by billionaire Jeff Bezos, was awarded its first interplanetary NASA contract on Thursday to launch a mission next year to study the magnetic field around Mars, the U.S. space agency and company said. Plans call for Blue Origin's recently developed New Glenn heavy-lift rocket to blast off with NASA's dual-spacecraft ESCAPADE mission in …

Branson's Virgin Galactic re-opens ticket sales for spaceflight
2 years, 10 months ago

Branson's Virgin Galactic re-opens ticket sales for spaceflight

India Today  

Billionaire Richard Branson's Virgin Galactic Holdings Inc said on Tuesday it is re-opening ticket sales for upcoming space travel to the general public from Feb. 16, driving its shares more than 10% higher in premarket trading. "We plan to have our first 1,000 customers on board at the start of commercial service later this year," Virgin Galactic Chief Executive Officer …

A Virgin Galactic space ticket will cost you $450,000
3 years, 5 months ago

A Virgin Galactic space ticket will cost you $450,000

Live Mint  

After flying its founder Richard Branson to space, Virgin Galactic is restarting ticket sales beginning at $450,000, the company announced this week. The new price is about double the $200,000 to $250,000 paid by around 600 people who previously booked seats on Virgin's spaceship between 2005 and 2014, as the company looks to cash in on the success of last …

Dream of becoming a space tourist? Here's how you can make it happen
3 years, 5 months ago

Dream of becoming a space tourist? Here's how you can make it happen

Firstpost  

First tickets sold by Virgin Galactic were sold for $200,000 to $250,000 each, but the cost for future sales will go up. Two companies are offering short “suborbital” hops of a few minutes: Jeff Bezos’ Blue Origin and Virgin Galactic, founded by Richard Branson. The first tickets sold by Virgin Galactic went for between $200,000 and $250,000 each, but the …

Space travel for the masses? Don’t be ridiculous
3 years, 5 months ago

Space travel for the masses? Don’t be ridiculous

Al Jazeera  

Space ‘tourism’ as performed by a pair of billionaires is, for now, merely an overpriced joyride for the ultra-rich. The journeys were heralded as marking a new era of “space tourism”, in which untrained people could become astronauts, a title previously reserved for highly trained professional scientists and pilots, to see the earth’s curvature and enjoy a few minutes of …

What a Ticket on Jeff Bezos’ Rocket Will Cost You
55 years ago

What a Ticket on Jeff Bezos’ Rocket Will Cost You

Slate  

Jeff Bezos and three other passengers spent roughly 10 minutes Tuesday morning flying on a round trip to space in the New Shepard, a rocket ship built by the billionaire’s aerospace company Blue Origin. LIFTOFF: Jeff Bezos, Mark Bezos, Wally Funk and Oliver Daemen blast off into space https://t.co/5C820HM4EM pic.twitter.com/nmyQn0B2UE — CBS News July 20, 2021 The flight was Blue …

Jeff Bezos, world’s richest man, completes voyage to space on his Blue Origin rocket
3 years, 5 months ago

Jeff Bezos, world’s richest man, completes voyage to space on his Blue Origin rocket

Live Mint  

Jeff Bezos blasted off for an 11-minute ride on his company’s rocket, furthering a push to make space tourism viable and fulfilling a childhood dream to explore the heavens and completed the voyage well within time. "Our recovery team is headed out to meet Jeff, Mark, Wally, and Oliver for a celebration marking their return from space," tweeted rocket company …

Jeff Bezos launches new era of space travel with Blue Origin ride
3 years, 5 months ago

Jeff Bezos launches new era of space travel with Blue Origin ride

LA Times  

Amazon founder Jeff Bezos achieves his dream of flying to the edge of space. Our Dream of Spaceflight.” “It’s still going to be expensive, it’s still not going to be something everybody can do right away, but it’s a first step.” Bezos’ suborbital flight — his company Blue Origin’s first crewed launch — came a little over a week after …

Earth’s richest man Jeff Bezos to blast off into space
3 years, 5 months ago

Earth’s richest man Jeff Bezos to blast off into space

Live Mint  

Jeff Bezos, the richest person in the world, is set to join the astronaut club Tuesday on the first crewed launch by Blue Origin, another key moment in a big month for the fledgling space tourism industry. Blue Origin's sights are, however, set higher: both literally in terms of the altitude to which its reusable New Shepard craft will ascend …

Jeff Bezos' Blue Origin Flaunts 'Largest Space Window' in Face-off with Galactic
3 years, 5 months ago

Jeff Bezos' Blue Origin Flaunts 'Largest Space Window' in Face-off with Galactic

News 18  

Space was once a place where only highly-trained astronauts visited to carry out complex space operations and explorations. Companies like Blue Origin and Virgin Galactic are offering a trip to space for “commoners.” However, these “commoners” are, in fact, the ultra-rich. Recently, Blue Origin’s official Twitter handle posted a comparison between their trip to space with what Virgin Galactic is …

Battle of the Space Barons: Where the billionaire space race stands
3 years, 5 months ago

Battle of the Space Barons: Where the billionaire space race stands

CNN  

New York CNN Business — Jeff Bezos, Elon Musk and Richard Branson have a combined net worth of $400 billion, roughly the size of the GDP of the entire nation of Ireland. Branson’s Virgin Galactic was founded with virtually the same business plan as Blue Origin’s with New Shepard: take paying customers on supersonic flights to the edge of space. …

Jeff Bezos’ Blue Origin gets OK to send him, 3 others to space
3 years, 5 months ago

Jeff Bezos’ Blue Origin gets OK to send him, 3 others to space

India TV News  

Jeff Bezos’ rocket company has gotten government approval to launch people into space, himself included. It will be the first launch with passengers for Blue Origin, which like Richard Branson’s Virgin Galactic plans to start flying paying customers in the months ahead. On Sunday, Virgin Galactic’s billionaire founder Richard Branson rode his own rocket plane to space, accompanied by five …

Jeff Bezos' Blue Origin gets nod to send him and three others to space
3 years, 5 months ago

Jeff Bezos' Blue Origin gets nod to send him and three others to space

Firstpost  

It will be the first launch with passengers for Blue Origin, which, like Virgin Galactic, plans to start flying paying customers in the months ahead Cape Canaveral: Jeff Bezos’ rocket company has gotten government approval to launch people into space, himself included. It will be the first launch with passengers for Blue Origin, which, like Richard Branson’s Virgin Galactic, plans …

Elon Musk Pays $10,000 to Secure a Seat to Space on Richard Branson's Galactic
3 years, 5 months ago

Elon Musk Pays $10,000 to Secure a Seat to Space on Richard Branson's Galactic

News 18  

While Elon Musk is all set to head for the edge of space on Richard Branson’s Virgin Galactic future flights, Branson revealed that the SpaceX CEO paid 10,000 dollars deposit to secure a seat on the future Galactic trip. On Sunday, as Branson jetted off to space, he was bestowed good wishes on his flight by none other than Elon …

US approves Blue Origin license for human space travel ahead of Bezos flight
3 years, 5 months ago

US approves Blue Origin license for human space travel ahead of Bezos flight

India Today  

The Federal Aviation Administration said on Monday it approved a Blue Origin license to carry humans on the New Shepard launch system into space. Former Amazon.com Chief Executive Jeff Bezos is set to fly to the edge of space on Blue Origin's maiden crewed voyage on July 20. Blue Origin's flight will come a little over a week after space-tourism …

Billionaire Richard Branson reaches space in his own ship
3 years, 5 months ago

Billionaire Richard Branson reaches space in his own ship

Associated Press  

TRUTH OR CONSEQUENCES, N.M. — Swashbuckling billionaire Richard Branson hurtled into space aboard his own winged rocket ship Sunday, bringing astro-tourism a step closer to reality and beating out his exceedingly richer rival Jeff Bezos. Branson’s other chief rival in the space-tourism race among the world’s richest men, SpaceX’s Elon Musk, came to New Mexico to watch and congratulated Branson …

As 'billionaire space race' begins, here's what Jeff Bezos told Richard Branson
3 years, 5 months ago

As 'billionaire space race' begins, here's what Jeff Bezos told Richard Branson

Hindustan Times  

Richard Branson, the British billionaire, is all set to fly into space today on his own company Virgin Galactic's first fully crewed test flight aboard a passenger rocket plane, the VSS Unity. In doing so, Branson will be one step ahead of his rivals Jeff Bezos and Elon Musk in what has been dubbed the "billionaire space race". This combination …

Richard Branson flies to space: When and where to watch Sirisa Bandla's Virgin Galactic Unity 22 space flight
3 years, 5 months ago

Richard Branson flies to space: When and where to watch Sirisa Bandla's Virgin Galactic Unity 22 space flight

India Today  

The billionaire space race is about to be flagged off with Virgin Galactic founder Richard Branson ready to soar into the blue on board the first fully crewed flight of his SpaceShipTwo aircraft, Unity 22, on Sunday. READ: Richard Branson to fly into space | Bet you didn't know his Indian roots WHEN AND WHERE TO WATCH THE UNITY 22 …

Billionaire Blastoff: Rich riding own rockets into space
3 years, 6 months ago

Billionaire Blastoff: Rich riding own rockets into space

Associated Press  

CAPE CANAVERAL, Fla. — Two billionaires are putting everything on the line this month to ride their own rockets into space. The lucrative, high-stakes chase for space tourists will unfold on the fringes of space — 55 miles to 66 miles up, pitting Virgin Galactic’s Richard Branson against the world’s richest man, Blue Origin’s Jeff Bezos. But some at Blue …

Billionaire Blastoff: Rich riding own rockets into space
3 years, 6 months ago

Billionaire Blastoff: Rich riding own rockets into space

India TV News  

Two billionaires are putting everything on the line this month to ride their own rockets into space. The lucrative, high-stakes chase for space tourists will unfold on the fringes of space — 55 miles to 66 miles up, pitting Virgin Galactic’s Richard Branson against the world’s richest man, Blue Origin’s Jeff Bezos. But some at Blue Origin already are nitpicking …

Richard Branson will be launching into space along with Virgin Galactic crew on 11 July test flight
3 years, 6 months ago

Richard Branson will be launching into space along with Virgin Galactic crew on 11 July test flight

Firstpost  

He founded Virgin Galactic in 2004 to provide short space tourist flights to the edge of space and has said he will be a passenger on the first commercial flight. Seeking to upstage Jeff Bezos as the first rocket company owner to go to space, Richard Branson, the British billionaire who founded a galaxy of Virgin companies, announced Thursday night …

Sir Richard Branson to reach space before Jeff Bezos on July 11
3 years, 6 months ago

Sir Richard Branson to reach space before Jeff Bezos on July 11

The Hindu  

Sir Richard Branson, founder of Virgin Galactic, is set to reach space eleven days earlier than Jeff Bezos. Branson’s space company announced its first fully-crewed space flight is schedule to fly on July 11. "I'm honoured to help validate the journey our future astronauts will undertake and ensure we deliver the unique customer experience people expect from Virgin,” Branson said. …

Richard Branson aims to make space trip on July 11, ahead of Jeff Bezos
3 years, 6 months ago

Richard Branson aims to make space trip on July 11, ahead of Jeff Bezos

Business Standard  

Branson's July 11 mission will be the twenty-second flight test for VSS Unity, and the company's fourth crewed spaceflight, Virgin said. By Eric M. Johnson SEATTLE - Billionaire entrepreneur Richard Branson will travel to the edge of space on Virgin Galactic Holdings Inc's test flight on July 11, Branson's space tourism firm said on Thursday, beating out fellow aspiring billionaire …

Virgin Galactic’s Richard Branson announces trip to space, ahead of Jeff Bezos
3 years, 6 months ago

Virgin Galactic’s Richard Branson announces trip to space, ahead of Jeff Bezos

India TV News  

Virgin Galactic’s Richard Branson is aiming to beat fellow billionaire Jeff Bezos into space by nine days. The news came just hours after Bezos’ Blue Origin said Bezos would be accompanied into space on July 20 by a female aerospace pioneer who’s waited 60 years to rocket away. Amazon’s founder will be on Blue Origin’s debut launch with people on …

Virgin Galactic’s Richard Branson plans to visit space before Jeff Bezos
3 years, 6 months ago

Virgin Galactic’s Richard Branson plans to visit space before Jeff Bezos

LA Times  

Virgin Galactic founder Richard Branson, shown in 2019, said this week that he’s “ready, fit and healthy to go” to space. Virgin Galactic’s Richard Branson is aiming to beat fellow billionaire Jeff Bezos into space by nine days. Branson is to be joined on his flight by Beth Moses, Virgin Galactic’s head astronaut instructor; Colin Bennett, the company’s lead operations …

Richard Branson's Virgin Galactic given US government approval to take passengers into space
3 years, 6 months ago

Richard Branson's Virgin Galactic given US government approval to take passengers into space

ABC  

Virgin Galactic finally has the US government’s approval to start launching customers into space from New Mexico. Key points: Virgin Galactic plans to launch its first fully crewed flight this US summer A review of the company's third flight to space in May was successful and paved the way for approval More than 600 people have already reserved a ride …

Virgin Galactic gets FAA’s OK to launch customers to space
3 years, 6 months ago

Virgin Galactic gets FAA’s OK to launch customers to space

Associated Press  

CAPE CANAVERAL, Fla. — Virgin Galactic finally has the federal government’s approval to start launching customers into space from New Mexico. Unlike Blue Origin’s and SpaceX’s fully automated capsules launched from the ground by reusable rockets, Virgin Galactic uses a winged spacecraft that launches from the belly of an airplane and requires a pair of pilots. A review of the …

Virgin Galactic gets FAA's approval to launch customers to space
3 years, 6 months ago

Virgin Galactic gets FAA's approval to launch customers to space

India Today  

Virgin Galactic finally has the federal government’s approval to start launching customers into space from New Mexico. “But we don’t have any announcements about Virgin Galactic’s future flight plans at this time.” Watch | Virgin Galactic completes first flight in over two years Unlike Blue Origin’s and SpaceX’s capsules launched from the ground by reusable rockets, Virgin Galactic uses a …

Virgin Galactic cleared by FAA to fly customers into space
3 years, 6 months ago

Virgin Galactic cleared by FAA to fly customers into space

LA Times  

The VSS Unity craft flies during a supersonic flight test. Virgin Galactic Holdings Inc. received regulatory approval to fly customers into space, moving the budding industry founded by billionaires one step closer to reality. The Federal Aviation Administration upgraded the company’s existing license to cover customer flights, Virgin Galactic said Friday in a statement, saying the approval was the first …

Trip to space with Jeff Bezos sells for $28 million
3 years, 6 months ago

Trip to space with Jeff Bezos sells for $28 million

The Hindu  

An auction for a ride into space next month alongside Jeff Bezos and his brother ended with a winning $28 million bid on Saturday. The Amazon founder’s rocket company, Blue Origin, did not disclose the winner’s name following the live online auction. It will be the first launch of Blue Origin’s New Shepard rocket with people on board, kicking off …

Bid of $28 million wins a rocket trip to space with Bezos
3 years, 6 months ago

Bid of $28 million wins a rocket trip to space with Bezos

India Today  

A seat on a spaceship ride with billionaire Jeff Bezos went for $28 million during a live auction on Saturday, concluding the month-long bidding process for the sightseeing trip on the Blue Origin's maiden voyage next month. The July 20 launch of Blue Origin's New Shepard booster from West Texas would be a landmark moment as U.S. firms strive toward …

An 11-Minute Flight To Space Was Just Auctioned For $28 Million
3 years, 6 months ago

An 11-Minute Flight To Space Was Just Auctioned For $28 Million

NPR  

An 11-Minute Flight To Space Was Just Auctioned For $28 Million Enlarge this image toggle caption Mark Ralston/AFP via Getty Images Mark Ralston/AFP via Getty Images Amazon billionaire Jeff Bezos is going into space on July 20 on a reusable rocket made by his space exploration company, Blue Origin. Nearly 7,600 people from 159 countries registered to bid on the …

Jeff Bezos to fly to space on July 20
3 years, 7 months ago

Jeff Bezos to fly to space on July 20

The Hindu  

Billionaire entrepreneur Jeff Bezos will fly to space with his brother, Mark on Blue Origin’s first human flight on July 20, the aerospace firm said in a statement. The Bezos brothers will join the auction winner of the very first seat on New Shepard, for which the three-phased auction commenced on May 5 with sealed online bidding. The aerospace company …

The great commodities boom hits a Chinese wall
3 years, 7 months ago

The great commodities boom hits a Chinese wall

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. He noted that prices for steel and iron had “increased parabolically” but appeared detached from “underlying supply and demand fundamentals.” April data showed that Chinese demand was “starting to level off a bit,” and that realistically, given the country’s relatively early exit from harsh pandemic restrictions …

Jeff Bezos' Blue Origin Will Fly First Crew to Space in July
3 years, 8 months ago

Jeff Bezos' Blue Origin Will Fly First Crew to Space in July

News 18  

Jeff Bezos’ Blue Origin will send its first crew to space on July 20 and is offering one of the seats to the winner of an online auction, the company said Wednesday. “Our next launch will be the first time astronauts will fly aboard New Shepard.” The reusable suborbital rocket system was named after Alan Shepard, who sixty years ago …

Space tourism: Bezos’s Blue Origin sets first flight for July
3 years, 8 months ago

Space tourism: Bezos’s Blue Origin sets first flight for July

Al Jazeera  

Aspiring astronauts can bid any amount in an online auction for the final seat on the company’s first crewed spaceflight until May 19. Jeff Bezos’s Blue Origin is set to begin ferrying paying passengers into suborbital space on its New Shepard rocket this summer and is auctioning off the last remaining seat on its inaugural flight. So far, specific details …

Virgin Galactic postpones its first space tourism until 2022
3 years, 10 months ago

Virgin Galactic postpones its first space tourism until 2022

Daily Mail  

Virgin Galactic is pushing back plans for space tourism until at least 2022. Virgin also announced it would unveil the SpaceShipThree on March 30, before it begins four glide test flights and four powered flights this summer. Scroll down for video Virgin Galactic CEO Michael Colglazier announced the next test flight of the VSS Unity will be in May. This …

Virgin Galactic’s Richard Branson still plans to be the first ‘space billionaire’ to actually travel to space
4 years, 2 months ago

Virgin Galactic’s Richard Branson still plans to be the first ‘space billionaire’ to actually travel to space

CNN  

New York CNN Business — Richard Branson, the thrill-seeking British billionaire, founded Virgin Galactic in 2004 on the promise that a privately developed spacecraft would make it possible for hundreds of people to become astronauts, no NASA training required. This time it came from Michael Colglazier, the recently installed CEO of Virgin Galactic whose goal is to guide the company …

Richard Branson wants to raise a $400 million SPAC
4 years, 3 months ago

Richard Branson wants to raise a $400 million SPAC

CNN  

London CNN Business — The coronavirus pandemic has battered Richard Branson’s business empire. VG Acquisition Corp, a “blank-check” company founded by the leader of Virgin Group, filed on Wednesday for an initial public offering on the New York Stock Exchange. The plan could help Branson take advantage of seemingly limitless investor appetite for special purpose acquisition companies, or SPACs, which …

Virgin Galactic posts another loss as it inches toward space tourism flights
4 years, 8 months ago

Virgin Galactic posts another loss as it inches toward space tourism flights

CNN  

New York CNN Business — Virgin Galactic, the space tourism company slated to begin flying customers in the near future, posted a net loss of $60 million for the first three months of 2020. And though Virgin Galactic is only a small slice of that industry, it is the only so-called “new space” company that’s publicly traded. Morgan Stanley said …

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