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“#Virgin Galactic shares plummet after chairman dumps $213M stake” Virgin Galactic’s stock took a nosedive Friday after chairman Chamath Palihapitiya cashed out his personal stake for about $213 million. Shares in Richard Branson’s space-exploration firm tumbled 21 percent to a low of $23.95 after Palihapitiya, a prominent venture capitalist, revealed that he dumped the last…
“#Man launches GoFundMe to send flat-Earther into space” A man fed up with flat-Earthers is crowdfunding a barmy attempt to prove once and for all that our planet is round. Marc Gauld, who describes himself as an “annoyed Scot”, set up a GoFundMe to send one of the deluded conspiracy theorists into orbit. Despite overwhelming…
“#23andMe going public with help of Richard Branson-backed SPAC” A blank-check firm backed by Virgin Group founder Sir Richard Branson is taking consumer DNA-testing firm 23andMe public in a deal that values the merged entity at $3.5 billion, the companies said Thursday. As part of the deal with VG Acquisition, 23andMe will receive proceeds of $759 million, which includes…
“#Capitalists in space” America’s private-sector “conquest” of space continues. The latest: On Sunday, Richard Branson’s Virgin Orbit successfully deployed 10 mini satellites into orbit using a two-stage rocket fired from a converted jumbo jet. The company’s LauncherOne rocketed into Earth orbit from “Cosmic Girl,” a specially outfitted Boeing 747-400, over the Pacific. The space vehicle…
“#Richard Branson’s Virgin Orbit launches rocket into space” Virgin Orbit is finally living up to its name. British billionaire Richard Branson’s satellite-launching company successfully sent a rocket into space for the first time Sunday, following a failed attempt last year. The California-based firm’s LauncherOne rocket flew into Earth’s orbit from over the Pacific Ocean and…
“#Watch Virgin Orbit launch its first satellites into space” Virgin Orbit has successfully launched satellites into space for the first time. A 70-foot LauncherOne rocket carrying 10 satellites was dropped from a modified Boeing 747 at 11.39AM Pacific Time on Sunday. LauncherOne then ignited its engine and began soaring into orbit. Today’s sequence of events for #LaunchDemo2 went…
“#Virgin Hyperloop completes first test with actual passengers” Richard Branson’s Virgin Hyperloop is one step closer to becoming a reality, with the futuristic transportation system shuttling human passengers for the first time this weekend. The high-speed travel pod, which the company hopes will one day be able to shuttle passengers from New York to DC…
“#IPOs head for banner year on stock market’s strength” Companies that cater to the “new normal” of working and shopping from home are rushing to go public. 2020 could turn out to be the best year for the IPO market in two decades. Newly public companies have piggybacked on the broader stock market, which made…
“#Richard Branson’s blank-check firm plots $460 million IPO” British billionaire Richard Branson is getting in on Wall Street’s hottest trend: creating a company just to buy another one. The Virgin Group tycoon has founded a blank-check company called VG Acquisition Corp. that plans to raise up to $460 million through an initial public offering, securities…