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Why Kensington Capital Acquisition Corp's Stock Is Up 33% Today
Friday, November 13, 2020 - 3:56pm | 200Read More...Shares of Kensington Capital Acquisition Corp (NYSE: KCAC) are trading higher by over 30% Friday. The move comes the day after the company announced a date of Nov. 25 to vote on the pending merger with battery company QuantumScape. Why It’s Important: QuantumScape is backed by Bill Gates and...
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Virgin Galactic Has Long-Term Potential, Short-Term Risks: Goldman Sachs
Friday, October 23, 2020 - 1:54pm | 536Read More...Virgin Galactic is one of the pure play stocks in the space tourism industry. Since going public via a special purpose acquisition company in 2019, the company has attracted interest from investors and analysts. The Virgin Galactic Analyst: Goldman Sachs analyst Noah Poponak initiated...
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Record 8 SPACs Go Public In One Day With $3.25B in Proceeds
Sunday, October 4, 2020 - 9:23am | 578Read More...The SPAC market continues to heat up with new names and backers entering the mix every week. A record eight SPACs were expected to price on Friday, raising potentially over $3.25 billion in the process. The 8 SPACs: All eight SPACs were expected to price at $10. The sale of the SPACs starts as...
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Space Race: The Top Players In A Market That Could Be Worth $1.4 Trillion By 2030
Monday, September 28, 2020 - 12:50pm | 707Read More...Bank of America is out with a guide to the commercial space market and the major companies involved. The Space Market: Bank of America’s Ronald J. Epstein believes the commercial space market will hit $1.4 trillion by 2030. Epstein cites increased defense spending, growth in satellites, space...
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Richard Branson And Virgin Group Launch SPAC
Thursday, September 17, 2020 - 3:40pm | 596Read More...Virgin Group is one of the latest large corporations launching a SPAC. VG Acquisition Corp (NYSE: VGAC) comes from Virgin Group and its founder Richard Branson. Current Virgin Group CEO Josh Bayliss will serve as the CEO of VG Acquisition Corp. The Offering: Credit Suisse is underwriting this...
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Bill Gates And Volkswagen-Backed EV Battery Maker QuantumScape Going Public Via SPAC
Thursday, September 3, 2020 - 9:51am | 691Read More...QuantumScape, a solid-state battery maker backed by Bill Gates and Volkswagen AG (OTC: VWAGY), is going public via SPAC Kensington Capital Acquisition (NYSE: KCAC). About QuantumScape: QuantumScape is a 10-year-old battery maker, spun out from Stanford University. The lithium batteries are said to...
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Virgin Galactic Gets Closer To Obtaining FAA License, Prepares To Reveal Spacecraft Cabin
Wednesday, July 1, 2020 - 6:37am | 387Read More...Sir Richard Branson’s Virgin Galactic Holdings Inc (NYSE: SPCE) is likely to clear regulatory hurdles after it passes the remainder of the milestones set by the Federal Aviation Administration in upcoming rocket flights. What Happened Virgin Galactic has already cleared 24 of the FAA’s...
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Richard Branson's Virgin Orbit Fails To Put Rocket Into Space
Tuesday, May 26, 2020 - 4:02am | 403Read More...Virgin Orbit’s attempt to put a rocket into space over Southern California using a Boeing Co. (NYSE: BA) 747 jumbo jet failed on Monday. What Happened The Virgin Orbit demonstration flight did not go according to a plan. The 747 plane dubbed “Cosmic Girl” soared to 35,...
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Richard Branson's Virgin Atlantic To Raise More Than $900M From Deutsche Bank, Others
Friday, May 15, 2020 - 3:18am | 313Read More...Richard Branson owned Virgin Atlantic is in negotiations with Deutsche Bank AG (NYSE: DB) and other lenders to raise funds to mitigate declining demand brought on by the COVID-19 pandemic. What Happened The airline, owned by Branson’s Virgin Group, is looking to raise $916 million from the...
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Virgin Atlantic And Virgin Australia Face Uncertain Future; Richard Branson Offers Private Island As Collateral
Monday, April 20, 2020 - 11:00pm | 428Read More...Virgin Australia and Virgin Atlantic are in need of government aid to survive the pandemic crisis, says group founder Sir Richard Branson. What Happened Branson, who infused $250 million into the Virgin Group companies, is ready to offer his privately-owned Necker Island as collateral to save jobs...
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Virgin Galactic Reports Q4 Earnings, Prepares To Re-Open Ticket Sales To Space
Tuesday, February 25, 2020 - 5:00pm | 427Read More...Shares of Virgin Galactic Holdings Inc (NYSE: SPCE) were on their way back to Earth Tuesday after the space exploration and tourism company missed analysts expectations on revenue in its second earnings reports as a public company. Virgin Galactic, which hopes to eventually take tourists to space,...
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Virgin Galactic's Stock Will Come Back Down To Earth: Morgan Stanley
Thursday, February 20, 2020 - 12:50pm | 355Read More...What goes up, into the stratosphere and in the stock market, often will also come down, and that's likely to be the case with the soaring stock of Virgin Galactic Holdings Inc (NYSE: SPCE), Morgan Stanley said Thursday. Investors appeared to agree, as the stock was down more than 5% Thursday...
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PreMarket Prep Stock Of The Day: Virgin Galactic
Wednesday, February 19, 2020 - 12:10pm | 651Read More...Benzinga's PreMarket Prep airs every morning from 8-9:00 a.m. EST. During that fast-paced highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given day, the...
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Virgin's Second Spaceship Hits Key Assembly Milestone, Launches Stock Up
Thursday, January 9, 2020 - 2:00pm | 379Read More...As the countdown continues toward a future of space flight for the traveling public, Virgin Galactic Holdings Inc (NYSE: SPCE) on Wednesday announced a key milestone toward the completion of its second spaceship. Virgin Galactic announced the ship is now “Weight on Wheels,” meaning the...
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New Horizons: Virgin Galactic Debuts, China's Moon Landing, Female Space Walk And More
Wednesday, January 1, 2020 - 5:51pm | 1055Read More...2019 could be remembered as one of widening participation in spaceflight, with milestones achieved by more countries, more private companies, and by women, capping a decade of capitalist adventurers taking over much of the space industry from government. Moon Landings - A Worldwide Endeavor...
