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Virgin Galactic

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Fired Up Branson Prepares for Biggest Test as Space Shot Beckons
By Christopher Jasper
27 oktober 2019 06:00 CET

U.K. entrepreneur will ring opening bell for Virgin Galactic
Branson heads into busy year expanding travel, tourism units

Richard Branson plucks a dried grasshopper from a jar, takes a bite, and pronounces the insect surprisingly tasty before slurping down a vegan yogurt and offering to trial the concoction on Virgin Atlantic Airways flights.

The U.K. billionaire, a serial creator of companies spanning record labels to airlines to fizzy drinks and bridal gowns, is in his element. He’s meeting with fellow entrepreneurs at a so-called “Pitch to Rich” session in Israel, where the contest’s winner gets a business-class flight to London for a week of hot-housing at Virgin’s own innovation hub.

The event in Tel Aviv speaks to the appetite for fresh ideas that still drives Britain’s best-known businessman in his seventieth year. Branson’s own contribution to human endeavor is about to enter a critical phase as Virgin Galactic, the prime focus of his attention for 15 years, prepares to launch the first tourists into space next year.

Traveling straight from Israel to the U.S., Branson will ring the opening bell in the New York Stock Exchange on Monday as Virgin Galactic becomes the first space-launch company to go public.

On a trip marking Virgin Atlantic’s arrival in the Israeli market, the Englishman said he’s trying to quell his mounting anticipation about the upcoming space voyage given previous delays, including a hiatus following a crash that killed two test pilots in 2014. Branson has pledged to personally be aboard the first public space shot.

“Virgin Galactic has been a difficult baby and it’s gone through some tough teenage years, but we’re now close to creating something very special,” he said. “There need to be more test flights this year and I’m trying not to get too carried away until a few months before the launch, but I’m very excited.”

Fired Up
The spaceflight is just one of a series of planned milestones in a 12 month period that’s set to define the Virgin Group’s future. With his iconoclast approach intact even after five decades in the business of disruption, Branson also has big plans for his airline, a satellite launcher and a cruise-ship business he plans to introduce next year, among other projects.

Boeing Co.’s future-technologies arm has pledged $20 million for a minority stake in Virgin Galactic, a business finding itself in increasingly hot competition for billionaire-funded space travel. Amazon.com Inc. founder Jeff Bezos’ Blue Origin company plans to take payloads and tourists to the edge of space on an 11-minute flight, while Tesla Inc. CEO Elon Musk’s SpaceX has also joined the race with a pledge in to send passengers to the moon, Mars and beyond.

Virgin Galactic is interested in developing hypersonic airline flights that would slash global travel times. While the dream of linking London with Australia in just a few hours remains distant, Galactic’s technology could be more readily adapted to link far-flung U.S. cities, Branson predicts.

Branson speaks in glowing terms of 35-year-old Virgin Atlantic, the airline that took the brand from a quirky U.K. record label known for signing the Sex Pistols to a globally recognized force.

Indian Plans
Among Branson’s travel frontiers is India, where he will seek to crack the burgeoning travel market with a service to Mumbai that kicks off this month. A route to Sao Paulo will follow next year as the carrier steps up competition with arch-rival British Airways, emboldened by a partnership with Delta Air Lines Inc.

In Delta, Virgin Atlantic now has an ally with shoulders broad enough to take on British Airways after years of often bitter competition -- and courtroom clashes -- with the larger carrier. That push could gain traction with an increase in flights following the opening next decade of a new runway at London’s Heathrow airport. Branson says he’s been buoyed by the hub’s positive reaction to his calls for a shakeup to the slot-allocation systems to allow his airline to become a second U.K. flag carrier.

He admits to a sadness surrounding the imminent reduction of his majority stake in Virgin Atlantic to a 20% holding, saying he’s taking the step reluctantly to safeguard the carrier’s future in an industry increasingly dominated by a handful of airline groups linked by cross-shareholdings and cost and revenue sharing

“It’s not a deal that I particularly like doing because from talking to the staff they’d quite like the airline to remain slightly more personal,” he says. “But I’ve promised them I’m going to remain very involved.”

Next year will also see the launch of the new Virgin Voyages cruise line, with the first ship commencing sea trials in the Mediterranean before being based in Miami, with three more to follow. Branson is pitching the business at people who would normally hate such a holiday -- “like me,” he says -- and has asked managers to submit their own list of bugbears, headed by his own dislike of buffet dining, which he plans to eliminate.

Also in the pipeline are Virgin Orbit’s first full “drop and fire” launch from the wing of a modified Boeing 747 in January as the satellite-deployment startup heads toward its commercial debut.

Passenger Pods
Then there’s the opening of Virgin Hotels in four U.S. cities that will more than double the size of a business founded as a bet on real estate after the 2008 crash, followed by the construction of Virgin Hyperloop One’s link between Mumbai and Pune, marking the world debut of technology that shoots passenger pods through a tube at near-supersonic speeds.

Billionaire Richard Branson At Israeli Tech Panel
Richard Branson with fellow entrepreneurs at “Pitch to the Rich”.

Back in Tel Aviv, Branson regales his audience of Israeli startups with tales of how he became a one-man promotional campaign for the Virgin brand. They’re familiar stories for many -- death-defying stunts in hot-air balloons and yachts, getting arrested at Heathrow after painting a Virgin logo on the tail of a BA Concorde, crushing Coca-Cola cans in a Sherman tank in Times Square to promote Virgin Cola -- but told with a renewed energy.

One thing seems certain: the man with the broad smile and surfer-dude wavy mane isn’t about to step back from the fray.

“I enjoy every minute of my life and the variety of what we do,” he says. “True, I sometimes glance in the mirror and wonder who the hell that is looking back. But I don’t feel any older and I want carry on and use the experience that I have.”
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Beheerder
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Re: Virgin Galactic

Bericht door Beheerder »

Een grillig koersverloop vandaag voor Virgin Galactic (ticker: SPCE) en nog steeds in de plus maar niet meer zoveel als eerder tijdens de eerste handelsdag.
Disclaimer: berichten geplaatst met dit account zijn geen beleggingsadviezen.

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MGiles
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Re: Virgin Galactic

Bericht door MGiles »

Virin Galactic begint serieus parabolisch te gaan. Vandaag raakte die zelfs even de 39 bijna aan om dan terug te vallen tot 29 (+18%). Uiteindelijk toch gesloten met +5.65% op 30
DIt na een rally van 20% op vrijdag. Ik vraag me af in hoeverre dit sustainable is :).
Geduld is een schone deugd

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Munnybunny
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Virgin Galactic Holdings (SPCE)

Bericht door Munnybunny »

With money you can afford to lose.

Gokje op 16,40.
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Re: Virgin Galactic

Bericht door Banner »

Niets doen niets goeste!

joni
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Re: Virgin Galactic

Bericht door joni »

Denemarken en Polen weigeren bedrijven die in offshore belastingparadijzen zijn geregistreerd, te redden :clap:

https://www.businessinsider.nl/coronavi ... =true&r=US

En Virgin is niet alleen... :(

https://www.theguardian.com/australia-n ... in-2013-14
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WB: “Rule No. 1: Never lose money. Rule No. 2: Don't forget rule No. 1”

Rockshox114
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Re: Virgin Galactic Holdings (SPCE)

Bericht door Rockshox114 »

Virgin Galactic Holdings mag je zeker meerdere jaren in je portfolio houden.
Dit aandeel in net als een Tesla aandeel.

Het moment van productie zal dit aandeel als een raket omhoog schieten.
Houden en bijkopen tijdens een correctie.

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Munnybunny
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Re: Virgin Galactic Holdings (SPCE)

Bericht door Munnybunny »

Rockshox114 schreef:
29 apr 2020 13:00
Virgin Galactic Holdings mag je zeker meerdere jaren in je portfolio houden.
Dit aandeel in net als een Tesla aandeel.

Het moment van productie zal dit aandeel als een raket omhoog schieten.
Houden en bijkopen tijdens een correctie.
Inderdaad. t'Is mijn bedoeling om dit aandeel bij te houden.

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Re: Virgin Galactic Holdings (SPCE)

Bericht door Banner »

neku liked last!
Niets doen niets goeste!

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Re: Virgin Galactic Holdings (SPCE)

Bericht door Munnybunny »

Virgin Galactic teams up with NASA to develop high-speed air travel
The efforts will center on sustainability.


Virgin Galactic on Tuesday shared a new partnership with NASA that aims to promote the development of high-speed, point-to-point technologies. The Space Act Agreement is designed to boost collaboration among NASA, Virgin Galactic and its subsidiary The Spaceship Company to support the US's efforts to "produce technically feasible, high Mach vehicles for potential civil applications," according to a release.

Virgin Galactic says it hopes to develop a vehicle for safe and efficient high-speed air travel with its industry partners. The efforts will center on sustainability.

"This is the beginning of an important partnership for Virgin Galactic and The Spaceship Company that will support the future development of aviation technology," Virgin Galactic Holdings CEO George Whitesides said in a statement.

Virgin Galactic's unique experience and innovative technology platform will, in partnership with the historic capabilities of NASA and other government agencies, enable the progression of new technical steps that will improve US competitiveness," Whitesides said. "We see this as an area with tremendous growth potential that we will continue to invest in, alongside our commercial spaceflight operations."

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