The company's newest SpaceShipTwo vehicle, VSS Unity, arrived yesterday (Feb. 13) at Spaceport America in New Mexico, the hub of Virgin Galactic's commercial operations. A partnership with NASA provides some credibility for the company and its prospects.And, yes, crew training can be a potentially high-margin business. Its operating margin is an astounding The only plus? Send 'em to apacker@gmail.com.
Virgin Galactic Holdings Inc (NYSE: SPCE) continued its impressive multi-month run on Friday. The company just isn’t ready for this kind of prime-time announcement yet.Currently, Virgin Galactic has a rocket-powered spaceplane, the VSS Unity.Tickets have sold at around $200,000 to $250,000 per person. Image source: Getty Images.The reason for today's rise and fall in the stock: Earlier this year, Virgin Galactic promised its shareholders that it would complete flight tests and begin commercial operations this year, flying its first group of paying customers to the edge of space at $250,000 a ticket. Besides Virgin Galactic, Blue Origin is also working on a space tourism package.So while SPCE shares soared today on the news, it likely won’t prove sustainable.There’s a lot of interest in “space stocks.” But with For example, the company has seen revenue drop 87% in the past year. View video of VSS Unity landing at Spaceport America By John Antczak ... the company is now formally named Virgin Galactic Holdings Inc. and went public on the New York Stock Exchange in October. That’s about ~$150 million in potential revenue—ever—for a company with a market cap of $3.6 billion.Clearly, the NASA agreement, like the launches themselves, will take years to play out.
Responses [ edit ] Virgin Galactic CEO George T. Whitesides , in a news conference following the incident, said that "Space is hard and today was a tough day."
And Virgin Galactic didn't update investors on its timeline, or give a precise date when it expects to conduct its first commercial flight.Now that investors are realizing that Thursday was actually kind of a no-news day, enthusiasm for this spacey Stock Advisor launched in February of 2002. Questions, comments, or snide remarks? | Source: AP Photo/Richard Drew Virgin Galactic stock (Nasdaq: SPCE) has been a popular play with day traders this year. At this point, today's news looks like nothing more than a chance for day traders to grab a quick profit and find better opportunities elsewhere. Let's conquer your financial goals together...faster. "Michael Moses, Head of Operations for Virgin Galactic, admitted to tensions between Richard Branson's upbeat projections and the persistent hurdles that challenged the company's technical experts. Virgin Galactic says it has all bases covered in the cabin of its VSS Unity SpaceshipTwo, which it unveiled in a virtual media tour on Tuesday, nine months after launching Virgin Galactic on the New York Stock Exchange. As little as a year later, said Virgin, it would be profitable.On Thursday, Virgin took another step toward that goal, That's certainly not bad news, and presumably, the fact that Virgin's spaceplane didn't crash during its test may have sparked something of a relief rally this morning.But all Virgin Galactic really told us was that its VMS Eve mother ship, which carries Unity to altitude before releasing it to rocket into space, flies just fine, as does Unity itself.
That's gratifying to hear, but it wasn't really news, given that Virgin Galactic has already tested both units of its flight system multiple times before.The promise of yet more testing of the rocket engine isn't really news, either; that, too, has been tested. The share price is up just under 50% in 2020.At this point, today’s news looks like nothing more than a chance for day traders to grab a quick profit and find better opportunities elsewhere.Disclaimer: This article represents the author’s opinion and should not be considered investment or trading advice from CCN.com. VSS Unity (Virgin Space Ship Unity, Registration: N202VG), previously referred to as VSS Voyager, is a SpaceShipTwo-class suborbital rocket-powered crewed spaceplane.It is the second SpaceShipTwo to be built and will be used as part of the Virgin Galactic fleet. Virgin Galactic's VSS Unity comes in for a landing after its suborbital test flight on ... into space. "There's a difference between the marketing and the engineering sides of the company", Mr. Moses said on November 10, 2014.Several key employees had resigned from Virgin Galactic within the year leading up to the crash, including the Vice-President of Safety, Jon Turnipseed, and Vice-President of Propulsion, Thomas Markusic.Mojave Air and Space Port press conference on October 31, 2014, at 2:00 p.m. PDT — involving: the Spaceport, Sheriff's Department, County Fire Department, Scaled Composites, Virgin GalacticActing Chairman Christopher Hart's first briefing on crash of Space Ship Two in Mojave, Calif.
Inside the VSS Unity's cockpit during its test flight in June with pilots Michael Masucci (left) and Mark Stucky.
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