In an interview to Bloomberg News, Virgin Group founder Sir Richard Branson supported bitcoin saying it is a functional currency.
Virgin Galactic has highlighted that its narrative doesn’t end with the launch of the VSS Unity, but extends to the development of an even more sophisticated fleet, aptly named the Delta class.
American spaceflight company Virgin Galactic has announced preparation for a highly anticipated milestone as it prepares to launch its first spaceflight in nearly two years.
News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement.
Sources familiar with the matter said that if Virgin Orbit fails to strike a deal this week, it’s preparing for restructuring in the case of insolvency.
The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance.
As per the permission granted by the UK Civil Aviation Authority, Virgin Orbit can operate its flight from the Spaceport Cornwall in southwest England.
Space travels is a relatively new concept, but one that everyone aspires to be a part of someday. While the dream to travel to space is currently being championed by a number of space development outfits, the barriers to entry are largely a factor that will keep people from benefitting from space.
SpaceX plans to conduct a secondary sale to company insiders and existing shareholders for $750 million.
SpaceX has not issued additional shares in the secondary offering. However, the company has suggested the possibility of doing so later in the year.
The Starships and its Super Heavy Boosters are powered by the company’s uniquely designed series of Raptor engines.
Virgin Galactic said earlier that the ramp-up of astronaut service would determine a favorable profit.
According to Virgin Galactic Spaceflight reservations will amount to $450,000. Whereby those interested will part with an initial deposit of $150,000 and will make their final payment before their flight.
The economy is still reeling from the potential impact of inflation following the most recent Consumer Price Index (CPI) which topped 7% year-over-year.
Virgin Galactic is planning to raise an additional $500 million in debt for reasons unclear. However, the news had a negative impact on the SPCE stock.
These are the top news stories that captured public attention in 2021, a year in which there was no shortage of surprises and twists.