Shares of Virgin Galactic (NYSE: SPCE) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning. Now why would investors look at this report and think it good news? Because despite the lower […]
Virgin Galactic Reports Better-Than-Expected Q1 Results Virgin Galactic Holdings, Inc. (NASDAQ:SPCE) reported its first-quarter financial results after the bell Tuesday. Here’s a look at the highlights. The Details: Virgin Galactic reported quarterly losses of 25 cents per share which beat the analyst consensus estimate of losses of 29 cents by 13.79%. Quarterly sales came in […]
Virgin Galactic will fly again next month, if all goes according to plan. The company announced on Wednesday (May 1) that it’s targeting June 8 for its seventh commercial spaceflight, a suborbital jaunt called, fittingly enough, Galactic 07. It will be Virgin Galactic‘s second spaceflight of the year, after the Galactic 06 mission on Jan. […]
Virgin Galactic (NYSE: SPCE) stock tumbled 16.5% through 10:40 a.m. ET Friday morning on what should have been ho-hum news. This morning, the company filed its regularly scheduled “notice of annual meeting of stockholders” (to be held on June 12). On the agenda: electing directors, approving an auditor, and setting executive salaries. Oh, and one […]
Last month, Boeing and its subsidiary Aurora Flight Sciences sued Virgin Galactic, accusing Richard Branson’s space venture of skipping on bills and holding onto trade secrets. Now, Virgin has returned fire. The company last week countersued Boeing and Aurora, accusing the struggling aerospace company of “shoddy and incomplete work.” According to Reuters, Virgin Galactic said […]
Boeing and its subsidiary Aurora Flight Sciences are suing Virgin Galactic over unpaid work and the misappropriation of trade secrets. The suit alleges that Virgin Galactic has not paid $26.4 million in invoices for work related to the development of a new “mothership” aircraft intended to power Virgin’s next-generation suborbital space planes. The suit was […]
Boeing is dealing with a lot of problems at the moment but that doesn’t mean the aerospace company is going to let its partners get away with allegedly hoarding trade secrets and stiffing it on the bill. According to Space News, Boeing and its subsidiary Aurora Flight Sciences have filed suit against Virgin Galactic, Richard […]
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. Astronomers have used the Gaia space telescope to spy some of the first building blocks of the Milky Way galaxy: two ancient streams of stars named Shakti and Shiva that helped our home galaxy grow and […]
On Episode 100 of This Week In Space, Tariq and Rod welcome back Dr. Alan Stern of the Southwest Research Institute to share what it’s like to fly on a private spaceplane. Alan, a planetary scientist and principal investigator of NASA’s New Horizons mission to Pluto and beyond, launched on a suborbital spaceflight in November […]
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A team of astronomers became a crew of cosmic crash scene investigators while studying wreckage left behind by two galaxies that smashed into one another over 1 billion years ago. The scientists used the Gemini South Telescope to investigate the twisted galactic disk of the galaxy NGC 4753, located around 60 million light-years from Earth, […]
NASA has composed a beautiful melody to represent the cosmic collision of two galaxies. The lenticular galaxy NGC 274 and barred spiral galaxy NGC 275, collectively known as Arp 140, are in the process of merging to form a single new structure. Following such a collision, the combination of interstellar material will trigger a burst […]