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March 8, 2021

virgin galactic

Chamath Palihapitiya sells remaining personal stake in Virgin Galactic, worth about $213 million

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CNBC – For more and to sign up click here Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through......

Satellite data company Spire goes public via SPAC, adding to a growing list of public space plays

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CNBC – For more and to sign up click here A Spire satellite pictured in orbit. Spire Global Small satellite builder and data specialist Spire Global is planning to go public, announcing on Monday that it is the latest among multiple space companies to merge with a SPAC. Spire Global......

Private companies such as SpaceX are driving costs down for everyone in the space race, says man behind UFO ETF

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CNBC – For more and to sign up click here Private space companies are paving the industry’s path to profits, says the man behind the Procure Space ETF (UFO). By taking part in the rapidly developing “space race,” billionaire-backed entities such as Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin......

Virgin Galactic stock falls after test flight delays push back debut of space tourism service

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CNBC – For more and to sign up click here Preflight operations underway on the company’s SpaceShipTwo vehicle Unity and mothership Eve. Virgin Galactic Virgin Galactic shares fell in trading on Friday after the company’s fourth quarter results revealed delays to its test flight program, with the expected launch of......

Stocks making the biggest moves midday: Etsy, Virgin Galactic, Foot Locker & more

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CNBC – For more and to sign up click here Etsy CEO Chad Dickerson and others celebrate their IPO at the Nasdaq exchange, April 16, 2015. Getty Images Check out the companies making headlines in midday trading.  Etsy — Shares of the e-commerce company popped nearly 13% on Friday after......

Stocks making the biggest moves after the bell: Beyond Meat, Etsy, Virgin Galactic & more

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CNBC – For more and to sign up click here A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019. Jason Lee | Reuters Check out the companies making headlines after the bell on Thursday: Beyond Meat – Beyond......

Here’s what investors should know about rocket builder Astra as it prepares to go public

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CNBC – For more and to sign up click here Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the second quarter, taking on a crowded field of competitors while aiming for daily deliveries to space by 2025. CEO Chris......

Satellite imagery specialist BlackSky is going public in latest space SPAC

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CNBC – For more and to sign up click here An artist’s illustration of the company’s Global satellites in orbit. BlackSky Seattle-based satellite imagery specialist BlackSky is the latest space venture that will soon begin trading publicly, with the company on Thursday announcing a SPAC deal. BlackSky is merging with......

Virgin Galactic shares drop as company delays upcoming spaceflight test

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CNBC – For more and to sign up click here Virgin Galactic’s spacecraft Unity prepares for flight. Virgin Galactic Virgin Galactic shares dropped after the company delayed its next spaceflight test that was scheduled for this weekend. “We have been progressing through our pre-flight preparations and, during that process, we......

Jim Cramer issues caution about ‘celebrity SPAC plays’

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday gave a critical assessment of the supply of blank-check companies coming to market, likening the quality of the latest batch of SPAC offerings to weaker IPOs trading on stock exchanges. As the craze for SPACs,......

Stocks making the biggest moves after hours: Virgin Galactic, GameStop, Cirrus Logic and more

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Here are the stocks making headlines in after hours trading. Virgin Galactic — Shares of the space exploration company rose 7% in extended trading, building off a 21.5%......

Virgin Galactic shares pop as company plans to redo spaceflight test as early as Feb. 13

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CNBC – For more and to sign up click here SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic is preparing for its next spaceflight attempt, with the company announcing on Monday that it will redo its aborted December flight test......

GameStop mayhem hits close to home for co-founder’s son, who’s active on WallStreetBets

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CNBC – For more and to sign up click here A GameStop store in Hollywood, California, busy with customers waiting in line to enter the video game retailer on January 27, 2021. AaronP | Bauer-Griffin | GC Images | Getty Images Ben Kusin, a longtime Redditor, has enjoyed a front-row......

What is a SPAC? Explaining one of Wall Street’s hottest trends

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CNBC – For more and to sign up click here When former unicorn darling WeWork set out to go public in 2019, its IPO imploded as its business model and co-founder Adam Neumann’s management came under intense scrutiny. Now, the office space leasing start-up is in talks to go public......

Another SPAC ETF hits the market. CEO behind the launch says the fund has ‘edge’ over its rivals

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CNBC – For more and to sign up click here The ETF industry is embracing SPACs with open arms. The third exchange-traded fund based on special purpose acquisition vehicles launches Tuesday. Created by Morgan Creek Capital Management and Exos Financial, the Morgan Creek-Exos SPAC Originated ETF will trade under the......

Richard Branson’s Virgin Orbit successfully blasts satellites into space after failed first attempt

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CNBC – For more and to sign up click here Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters......

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