Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission

News

Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission

07.08.2020 News

Shares of aerospace company Virgin Galactic fell by 13.78% to $ 20.71, according to trading data on the New York Stock Exchange.

Securities of Richard Branson’s company are getting cheaper due to the background of the announcement of an additional issue emission. Virgin Galactic announced its intention to issue approximately 20.5 million new shares to raise $ 529 million.

Quotation were also affected by the report: in the second quarter, the company recorded zero revenue and a net loss of $ 62.52 million. A year ago, revenue was $ 638 million and the loss was $ 44.1 million.

Virgin Galactic is the world’s first public space tour operator. In 2019 the company entered the stock exchange after the merger of the SPAC Social Capital Hedosophia Holdings.

Branson’s company has not yet made any commercial flights: so far it only performs test. In autumn 2020 Virgin Galactic plans to carry out the first test flight with two pilots. The company reported that in the case of success in the first quarter of 2021, Richard Branson will go into space personally.

UBS predicts that by 2030 the space tourism market will grow to $ 3 billion. Virgin Galactic’s main competitors in this area are SpaceX, Boeing and Blue Origin.

In 2019, CNBC reported that suborbital flights on Virgin Galactic spacecraft have already booked more than 600 people. Ticket price – $ 250 thousand

Other articles

  • Elon Musk is the second in the list of richest people in the world
    News

    Elon Musk is the second in the list of richest people in the world

    Founder of Tesla Inc. and SpaceX Elon Musk took second place in the list of the richest people in the world, ahead of Microsoft founder Bill Gates. This was reported by the Bloomberg Billionaires Index. Over the past 12 months, Mask’s fortune has grown by about $ 100 billion, according to Bloomberg estimates. According to […]

  • Shares of Moderna rose by almost 20% after news of the vaccine
    News

    Shares of Moderna rose by almost 20% after news of the vaccine

    The vaccine, developed by biotechnology company Moderna, is effective in 94.5% of cases. This result was shown by the intermediate results of the third phase of clinical trials, the company said. On this news, Moderna shares went up. In the pre-market, the company’s quoting rose by more than 18%, rising above $ 105 per share. […]

  • Boeing is facing an investigation of FAA production problems 787 Dreamliner
    News

    Boeing is facing an investigation of FAA production problems 787 Dreamliner

    Stocks Boeing, which fell by 47.5% since the beginning of the year fell by 1.6% before the opening of trading on Tuesday amid news of a new FAA investigation. The US airline is going through the most difficult period in its history, continuing to expect recertification of the most profitable passenger`s aircraft Boeing 737 Max, […]

  • Musk called the new date of flight Starship spacecraft into orbit
    News

    Musk called the new date of flight Starship spacecraft into orbit

    The American company SpaceX will launch the first Starship spacecraft into Earth orbit, most likely in 2021. It said its founder Elon Musk, speaking at a video conference on the problem of human flight to Mars, according to TASS on Tuesday, September 1. Mask was asked when the first test flight of Starship into orbit […]

  • SpaceX has postponed the launch of the 12th group of Starlink satellites
    News

    SpaceX has postponed the launch of the 12th group of Starlink satellites

    American company SpaceX Elon Musk moved on September 1 launch rocket Falcon 9 from 12 th group of satellites Starlink due to bad weather. The press service of the company announced on Sunday, August 30, on Twitter. “Today ‘s launch of Starlink is canceled before the flight due to difficult weather conditions. The next launch […]

  • Boeing reports quarterly losses of $ 2.4 billion and cuts production again
    News

    Boeing reports quarterly losses of $ 2.4 billion and cuts production again

    On Wednesday, Boeing announced the financial results of the 2nd quarter, which ended on June 30. Boeing Management noted that the company makes “tough, but necessary steps to adapt for a new realities of market.” Aviation giant is experiencing perhaps the most difficult times in its history, faced with a double crisis. On the one […]

  • Elon Musk decided to sell four houses
    News

    Elon Musk decided to sell four houses

    According to Business Insider, SpaceX founder and Tesla CEO Elon Musk is selling four homes in Los Angeles for $62.5 million. It is already known that these houses will be sold to the LLC developer owned by businessman Ardi Tavangarian. “Arya Chalon LLC will combine the real estate portfolio into a new single project to […]

Read also

Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

Toshiba will be fined for $ 60 million for false information about income

A grandiose financial scandal occurred in Toshiba. The company is accused in violating accounting and providing false information about their income. Because of the false information, as contained in the financial records of the company, the amount of income for the period 2008-2014 was understated for $ 1.9 billion. The regulatory authorities proposed the fine […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

The United States has allowed Amazon to deliver parcels by drone pilots

The American corporation Amazon has received permission from the Federal Aviation Administration of the United States to use drones to deliver cargo. This was reported by TASS. As reported, on August 29, management allowed the “use of unmanned aerial systems” service Prime Air, owned by Amazon. The relevant inquiry Corporation sent in 2019. Representatives of […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

Asus restructured its office in Ukraine

In the course of the global restructuring,  ASUS in Ukraine closes entity which hasn’t worked for several years. Asus Technology PTE Limited Company (registered in Singapore) announced the cancellation of registration through  the liquidation of its office Asus Technology PTE (Kiev). This is stated in a message of the government publication Governmental Courier. The head […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

The cost of bringing claims to london court are growing up

00The cost of bringing a claim against a bank in the London courts has skyrocketed with claimants exposed to costs of up to £10m, say senior litigators. The debate over costs follows a string of high-profile civil litigation and investor claims against banks filed at the High Court in recent months. Banks including Barclays, Lloyds […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

JPMorgan could pay a record of $ 1 billion for the manipulating traders in the markets

Right away three the U.S. agencies announced on Tuesday, Sept. 29, to reach the agreement with JPMorgan Chase for the end of the criminal prosecution of the bank in exchange for the payment of multimillion fines. In total, the company must pay the US government more than $ 920 million. Statement from the Freight Exchange […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
Analytics

Stable Instability of the Hryvnia Exchange Rate

The most important question about the hryvnia rate is: “How to react to its fluctuations?” No one doubts that they will necessarily take place, and they will be essential. Negative expectations cause the imbalance in buying and selling the currency, due to this, the hryvnia exchange rate is really decreasing. However, skilled players manage not […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

Antonov and Taqnia signed an agreement on the construction of aircrafts in Saudi Arabia

SE Antonov  and Taqnia Aeronautics Co., signed an agreement on cooperation in the organization of  the aircraft manufacturing complex for production of aircrafts  An-132. This is stated in the press service of the Antonov. The document contains specific plans for delivering, organizing operation, after-sales support of Antonov aircrafts  families of AN-132, AN-148 and AN-178. It […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

PrivatBank’s profit in 2020 fell by seven billion

PrivatBank’s profit for 2020 amounted to UAH 25.3 billion, which is UAH 7.3 billion less than a year earlier. The bank’s press service announced preliminary results of last year’s work on Thursday, January 27. PrivatBank noted that last year, in connection with the pandemic, they formed special reserves, which amounted to more than ten billion […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

Deutsche Bank was able to resolve the conflict with the United States: the case is closed

Deutsche Bank was able to resolve the conflict with the US regulator, agreeing with the charges of tax evasion and taking on the obligation to pay a fine in the amount of $ 95 million. It is reported by financial portal MinFin with reference to the foreign sources. In a statement, the bank’s press secretary […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

The EU has approved financial support of 87.4 billion euros

The Council of the European Union approved funding in the amount of 87.4 billion euro for the Member States in the form of the loans under the SURE – temporary EU instruments to reduce the risk of unemployment during the pandemic coronavirus COVID-19. This support should help for the Member States to finance sharp increase […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

The largest network Whole Foods will pay $ 500 thousand for fraud in trade

One of the largest supermarkets in the USA – Whole Foods was in the midst of a large-scale scandal. As a result, a spot check of stores, which was produced by regulatory agencies in New York, was found mismatch on the price tags of products, a total of 80 items. For various purchases that were […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

BP’s net loss for the nine months was $ 21.7 billion

According to the company’s reports, the net loss of the British oil and gas giant BP Plc., which belongs to shareholders, for the nine months of 2020 amounted to $ 21.663 billion against profit a year ago. In terms of shares, the diluted loss of BP amounted to $ 1.07 against a profit of $ […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

Naftogaz has found a second partner to develop the offshore shelf

Naftogaz has signed a memorandum with the Israeli company Naphtha Petroleum on possible geological exploration of hydrocarbons on the Black Sea shelf. This was reported by the press service of Ukrgazvydobuvannya. It is noted that Naphtha Petroleum has proven experience with the necessary deepwater technologies and business relationships with leading operators in the development of […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

The Court reopened a case on the right of SANOFI for a trademark “SONAFІT”

Last year, the Commercial  Court of Kyiv initiated a suit of the SANOF I company to the State Intellectual Property Service of Ukraine and to the “Kyivmedpreparat”, PJSC about completely voidance of Certificate  of Ukraine on sign for the goods and services № 187104. The object of dispute  has become a “SONAFІT” trademark registered company […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

The EU has approved the merger operation between LVMH and Tiffany

Antimonopoly regulator of EU approved the agreement of 16.2 billion euro merger with French group for the production of luxury goods LVMH (Louis Vuitton Moet Hennessy) and transnational jewelry company Tiffany. This was reported by Reuters. According to the information, the merger agreement was approved without additional conditions for the companies. Earlier, Tiffany reported that […]

Next
Shares Virgin Galactic of Richard Branson dropped by 13% through an additional emission
News

IBI-Rating and UCRA announced a merger

The rating agency IBI-Rating and the Ukrainian credit rating agency (UCRA) announced a merger. Both companies have the status of authorized rating agencies of the National Commission on Securities and Stock Market of Ukraine and are engaged in the business on the credit rating according to the National Rating Scale. It is reported by the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com