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☆ Billionaires going to space aim to industrialize the moon, asteroids, and Mars. It's time to set some ground rules.
▼ + stars: | 2024-03-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Read previewThe space business is in bloom and, so far, it's largely unregulated. Other space startups have ambitions including asteroid mining, in vitro fertilization (IVF) in space, and space hotels. As space startups and billionaires vie for a foothold on the moon and beyond, experts say governments probably need to start setting some ground rules. Seven of the world's 10 biggest commercial space operators are based in the US, according to the Organisation for Economic Co-operation and Development. AdvertisementIn another vein, last year Florida passed a bill to protect space companies and their owners from getting sued over spaceflight passenger death or injury.

Persons: —, Jeff Bezos's, Elon Musk, Bezos, NASA What's, George Nield, Galileo, Joel Kearns, Richard Branson, Galactic's, Lyndon B, Johnson, Jeff Bezos, Joe Raedle, Michelle Hanlon, Jared Isaacman, William Shatner, Hanlon Organizations: Service, NASA, Houston, SpaceX, Business, Northeastern University, Federal Aviation Administration's, Space Transportation, JPL, FAA, Virgin Galactic, Virgin, Getty, Artemis Accords, Hague Institute, Global Justice, Washington, Companies, Shepard, Center for Air, Space, University of Mississippi School of Law, titans, US International Trade Commission, Organisation for Economic Co, Federal Communications Locations: Mars, Russia, China, Blue, Florida

☆ Luxury space-tourism company shows off its capsule designed to float to the edge of space with a massive balloon
▼ + stars: | 2024-02-24 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

An aerospace startup has unveiled the test capsule for its luxury space tourism experience. It's the latest commercial spacecraft for suborbital flight, after Virgin Galactic and Blue Origin. Space Perspective, a Florida-based startup, recently unveiled a test capsule for its new Neptune spacecraft. The company touts the pressurized Neptune capsule as "the largest human spacecraft in operation" aside from space stations like the ISS. Space Perspective"The space capsule is like nothing the world has ever seen," cofounder Taber MacCallum said in a statement.

Persons: —, Neptune, Shepard, Dezeen, Taber MacCallum, Jane Poynter, Space.com Organizations: Virgin Galactic, Service, Virgin, US Air Force Locations: Florida

☆ Virgin Galactic pausing flights next year and laying off 18% to focus on next-gen spacecraft
▼ + stars: | 2023-11-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023. Virgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation Delta-class spacecraft, the company announced Wednesday. Virgin Galactic laid off about 185 employees on Tuesday, or about 18% of its workforce, in order "to decrease its costs and strategically realign its resources." Virgin Galactic had cash and securities totaling $1.1 billion at the end of the quarter. The company has been spending heavily to expand its fleet beyond the current sole VSS Unity spacecraft.

Persons: Michael Colglazier Organizations: Carrier, VSS, Virgin Galactic, Virgin, LSEG, VSS Unity, Galactic, Delta Locations: Phoenix

☆ The fastest private jets in the world ranked by speed
▼ + stars: | 2023-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The Bombardier Global 8000 is poised to become the world's new fastest private jet come 2025. AdvertisementAdvertisementHere are some of the fastest private jets in the world — with one actually exceeding Mach 1 during a test flight. The G280 and G400 siblings have a maximum operating speed of Mach 0.85 and 0.90, respectively — making the latter also one of the world's fastest private jets. Dassault Falcon 10X: Mach 0.925 (710 mph)Dassault Aviation's new Falcon 10X private jet is scheduled to debut in 2025. Bombardier Global 8000: Mach 0.94 (721 mph)Private charter company NetJets will be the launch customer of the Global 8000.

Persons: —, they're, Dominique Boutin, Taylor Swift, Mike Fuchslocher, FlightGlobal Organizations: Bombardier Global, Manufacturers, Service, Boeing, Dassault Falcon, Getty, Dassault 7X, Bombardier, Gulfstream, Dassault, Falcon, Dassault Aviation, Gulfstream G700, Gulfstream Gulfstream, Qatar Airways Executive, —, Paris Air Show, Cessna, Textron Aviation, Private, Galactic's Locations: Concord

☆ Virgin Galactic's first space tourism flight took off this week. Here are the players taking civilians to space.
▼ + stars: | 2023-08-12 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Virgin Galactic launched its first space tourism flight for paying customers on August 10. It marks a new era in space tourism for the company, with monthly flights expected to follow. Seats on a Virgin Galactic flight cost $450,000 each. This week, Virgin Galactic's first space tourism flight successfully launched from New Mexico, taking three passengers who weren't traditional astronauts, to the edge of space and back. Virgin Galactic, Richard Branson's commercial space venture, was established in 2004 and completed its first commercial spaceflight in June.

Persons: Virgin Galactic's, Keisha Schahaff, Anastatia, Jon Goodwin, Richard Branson's, Goodwin, Jeff Bezos, Shepard, There's, Jared Issacman Organizations: Virgin Galactic, Virgin, Caribbean, Galactic, Italian Air Force, National Research Council, Origin, Amazon, SpaceX, Elon Musk's, SpaceX's, Space, International Locations: New Mexico

☆ Virgin Galactic's first space tourism passengers only spent a few minutes floating weightless above the Earth, and their experience still mirrored other astronauts' in three key ways
▼ + stars: | 2023-08-11 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

The three passengers onboard spent a few minutes floating weightless at the edge of space. These are the first commercial passengers to fly aboard Virgin Galactic's first private commercial spaceflight. Virgin Galactic's mothership Eve taking its first space tourists on a rocket ship ride to the edge of space. Jon Goodwin, one of Virgin Galactic's space tourists, recalled feeling this way as the VSS Unity began its return to Earth. Virgin Galactic Feeling like sharingKeisha Schahaff, Mayers' mother and one of Virgin Galactic's space passengers, said that flying had always been her dream.

Persons: Virgin Galactic's, Anastatia Mayers, Mayers, Yuri Gagarin, Andrés Leighton, Jon Goodwin, would've, Goodwin, Charlie Duke, Keisha Schahaff Organizations: Virgin Galactic, Service, Virgin, VSS, Washington Post, VSS Unity, Apollo, Post Locations: Wall, Silicon, Virgin

☆ Virgin Galactic's first space tourism passengers only spent a few minutes floating weightless above the Earth, and their experience still mirrored other astronauts' in 3 key ways
▼ + stars: | 2023-08-11 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

☆ Virgin Galactic CEO Michael Colglazier: Space has always been restrictive and we're changing that
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVirgin Galactic CEO Michael Colglazier: Space has always been restrictive and we're changing thatMichael Colglazier, Virgin Galactic CEO, joins 'Closing Bell Overtime' to talk Virgin Galactic's launch of its first tourist spaceflight, what's ahead for the company, when Virgin Galactic expects its next flight to take place and more.

Persons: Michael Colglazier Organizations: Virgin Galactic, Virgin

☆ How to watch Virgin Galactic's first space tourist launch 300,000 feet above the ground
▼ + stars: | 2023-08-10 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Virgin Galactic plans to launch its first space tourist flight. Watch it here:Who are Virgin Galactic's first space tourists? These are the first commercial passengers to fly aboard Virgin Galactic's first private commercial spaceflight, due to take off Thursday. "The whole team just swarmed into my house saying 'You're the winner, you're going to space,'" Schahaff told the BBC. This is Virgin Galactic's second commercial flight and the first to carry paying customers.

Persons: Richard Branson's Virgin, Sir Richard, Jon Goodwin, Keisha Schahaff, Virgin Galactic's, Virgin Galactic Goodwin, Goodwin, Schahaff, Anastatia Mayers, Beth Moses, Richard Branson, Elon Musk, OceanGate Organizations: Virgin, Service, VSS Unity, Virgin Galactic, Sky News, BBC, University of Aberdeen, Italian Air Force, National Research Council of Italy, Galactic's, Galactic Locations: Wall, Silicon, Munich, nought, Antigua, London, Caribbean, Scotland, New Mexico

☆ Virgin Galactic launches first tourist flight to space
▼ + stars: | 2023-08-10 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Virgin Galactic flew its second commercial spaceflight on Thursday, its first carrying private-paying tourists. Virgin Galactic uses a two-step system known as "air launch" to fly its passengers on a suborbital spaceflight. "We did not, in fact" see any fallout from Virgin Galactic customers, Colglazier said. The company completed its first commercial spaceflight, the Galactic 01 mission, in June carrying members of the Italian Air Force. Virgin Galactic has a backlog of about 800 passengers.

Persons: – CJ Sturckow, Kelly Latimer –, Beth Moses, Jon Goodwin, Keisha Schahaff, Anastatia Mayers, Elon Musk's, Virgin Galactic's, Michael Colglazier, Colglazier Organizations: Virgin Galactic, America, Space, Humanity, Virgin, VSS, Elon, Elon Musk's SpaceX, Italian Air Force . Virgin Galactic Locations: New Mexico, Caribbean

☆ Virgin Galactic 02 launch live updates: Flight will take mother, daughter, Olympian to space
▼ + stars: | 2023-08-10 | by ( Morgan Mcfall-Johnsen | Marianne Guenot | ) www.businessinsider.com time to read: +1 min

The VSS Unity roars toward the edge of space in a file photo. Virgin Galactic's space plane, called the VSS Unity, is not powerful enough for that. Then it will drop the VSS Unity. The passengers will not fly above the Kármán line, which is sometimes considered the threshold of space at 62 miles above sea level. But the Federal Aviation Administration has previously recognized VSS Unity pilots as astronauts.

Organizations: Virgin, VSS, VSS Unity, Federal Aviation Administration

☆ Virgin Galactic launches civilian tourists into space
▼ + stars: | 2023-08-10 | by ( Jeff Morganteen | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVirgin Galactic launches civilian tourists into spaceVirgin Galactic just launched its second commercial space flight. Onboard the flight are three civilian passengers, Jon Goodwin, Keisha Schahaff and Anastasia Mayers. The mission is part of Virgin Galactic's larger commercial effort to bring tourism to the cosmos.

Persons: Jon Goodwin, Keisha Schahaff, Anastasia Mayers Organizations: Virgin Galactic, Virgin

☆ A Virgin Galactic passenger joked that he will have to wear diapers on Thursday's mission because the spaceship doesn't have toilets
▼ + stars: | 2023-08-08 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Jon Goodwin, an 80-year-old Olympian, joked about the conditions on his upcoming Virgin Galactic flight. Virgin Galactic said its first flight bringing paying tourists to space will take off Thursday. Jon Goodwin, an 80-year-old British Olympian, is due to be one of three private passengers on board Virgin Galactic's first-ever private commercial flight, which is expected to launch on Thursday. The interior of Virgin Galactic's spaceship, the VSS Unity, is quite sparse, according to photos shared by the company. Virgin Galactic's private commercial flight has been long awaited, with more than 800 people having purchased the firm's tickets.

Persons: Jon Goodwin, Virgin, Virgin Galactic's, Goodwin, Keisha Schahaff, Anastatia Mayers, it's Organizations: Virgin Galactic, Service, Virgin, Sky News, NASA, VSS, . Virgin Locations: Wall, Silicon

☆ A mother-daughter duo will join an 80-year-old Olympian on Virgin Galactic's first space tourism flight on Thursday. Here's how to watch live.
▼ + stars: | 2023-08-08 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Virgin Galactic plans to launch its first space tourist flight on Thursday. These are the first commercial passengers to fly aboard Virgin Galactic's first private commercial spaceflight, due to take off Thursday. Keisha Schahaff won her tickets through a raffle while on a Virgin flight from Antigua to London in 2021. "The whole team just swarmed into my house saying 'You're the winner, you're going to space,'" Schahaff told the BBC. This is Virgin Galactic's second commercial flight and the first to carry paying customers.

Persons: Richard Branson's Virgin, Sir Richard, Jon Goodwin, Keisha Schahaff, Virgin Galactic's, Virgin Galactic Goodwin, Goodwin, Schahaff, Anastatia Mayers, Beth Moses, Richard Branson, Elon Musk, OceanGate Organizations: Virgin, Service, New Mexico's, Sky News, Virgin Galactic, BBC, University of Aberdeen, Italian Air Force, National Research Council of Italy, VSS Unity, Galactic's, Galactic Locations: Wall, Silicon, New, America, Munich, nought, Antigua, London, Caribbean, Scotland, New Mexico

☆ Virgin Galactic's first space tourism flight is set to take off this week. Here are the players taking civilians to space.
▼ + stars: | 2023-08-08 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

Virgin Galactic is set to launch its first space tourism flight on August 10. It marks a new era in space tourism for the company, which will have have monthly flights. Seats on a Virgin Galactic flight cost $450,000 each. This week, Virgin Galactic's first space tourism flight is set to take off from New Mexico — and three of the passengers on board aren't traditional astronauts. Virgin Galactic, Richard Branson's commercial space venture, was established in 2004 and completed its first commercial spaceflight in June.

Persons: Virgin Galactic's, Keisha Schahaff, Anastatia, Jon Goodwin, Richard Branson's, Goodwin, Jeff Bezos, Shepard, There's, Jared Issacman Organizations: Virgin Galactic, Virgin, New Mexico —, Caribbean, Galactic, Italian Air Force, National Research Council, Origin, Amazon, SpaceX, Elon Musk's, SpaceX's, Space, International Locations: New Mexico

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Carnival, Snowflake, Nike, SolarEdge and more
▼ + stars: | 2023-06-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies upgrades Carnival to buy from hold Jefferies said it sees a "confluence of positive dynamics" for Carnival. Citi initiates Apple as buy Citi said it sees further upside for the tech giant, slapping a Street-high $240 price target. Citi initiates Dell as buy Citi said the computer maker is gaining share. Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by shares of Nike after the company's earnings report Thursday. " Bank of America reiterates T-Mobile as buy Bank of America said the stock is "undervalued."

Persons: TD Cowen, Cowen, Goldman Sachs, Goldman, Jefferies, Snowflake, Virgin, Daiwa, NKE, Stephens, SolarEdge, Riley, Stifel, Davidson Organizations: Citi, Pacific Biosciences, Pacific Bioscience, Jefferies, Deutsche Bank, Apple, Dell, Bank of America, Virgin Galactic, underperform Bank of America, Virgin Galactic's, Italian Air Force, AMD, Intel, Nike, BMO, FirstService Brands, Occidental Petroleum, Mobile, Southwestern Energy Locations: 3Q23, China, Occidental, midstream

☆ Virgin Galactic CEO Michael Colglazier: We will always keep strength in our balance sheet
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVirgin Galactic CEO Michael Colglazier: We will always keep strength in our balance sheetMichael Colglazier, Virgin Galactic CEO, joins 'Closing Bell Overtime' to discuss Virgin Galactic's historic first commercial flight to the edge of space.

Persons: Michael Colglazier Organizations: Virgin Galactic, Virgin

Virgin Galactic leases part of the facility. The flight marked a long-delayed breakthrough for Virgin Galactic Holding Inc (SPCE.N), finally inaugurating commercial service after nearly 20 years fraught by development setbacks. Virgin Galactic said Unity topped out its flight at an altitude of nearly 52.9 miles (85.1 km). A final crewed test flight to space was conducted with little fanfare five weeks ago. An earlier prototype of the Virgin Galactic rocket plane crashed during a test flight over California's Mojave Desert in 2014, killing one pilot and seriously injuring another.

Persons: Richard Branson, Joe, Branson, Burt Rutan, Jeff Bezos's, Elon Musk's, Walter Villadei, Angelo Landolfi, Pantaleone, Colin Bennett, Michael Masucci, Nicola Pecile, Bezos, Shepard rocketship, Jose Luis Gonzalez, Steve Gorman, Will Dunham, Nick Zieminski Organizations: Virgin, REUTERS, Virgin Galactic, National Research Council, VSS Unity, America, Galactic, Virgin Galactic Holding Inc, . Virgin, Elon Musk's SpaceX, Italian Air Force, International Space, Air Force, Unity, NASA, U.S . Air Force, Thomson Locations: New Mexico, U.S, Italy, Mexico, Italian, Los Angeles

☆ Phantom Space CEO Jim Cantrell on Virgin Galactic's commercial space flight launch
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhantom Space CEO Jim Cantrell on Virgin Galactic's commercial space flight launchJim Cantrell, CEO of Phantom Space and a founding member of SpaceX, discusses the outlook and safety around Virgin Galactic's commercial space flight.

Persons: Jim Cantrell Organizations: Virgin, SpaceX

☆ Live updates: Virgin Galactic completes first commercial spaceflight
▼ + stars: | 2023-06-29 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

People react as the passenger rocket plane operated by Virgin Galactic takes off, during the company's first commercial flight to the edge of space, at the Spaceport America facility, in Truth or Consequences, New Mexico, U.S., June 29, 2023. Space tourism company Virgin Galactic , founded by Sir Richard Branson in 2004, completed its long-awaited first commercial spaceflight, called "Galactic 01," on Thursday. The three paying passengers are members of the Italian Air Force. Virgin Galactic's start to commercial service comes after years of delays and setbacks. Virgin Galactic has a backlog of about 800 passengers.

Persons: Sir Richard Branson, Virgin Galactic's Organizations: Virgin Galactic, America, Space, Italian Air Force, Virgin, VSS Unity Locations: New Mexico, U.S

☆ Hopefully Virgin launch will be a shot in the arm for space tourism industry: Fmr. NASA astronaut
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHopefully Virgin launch will be a shot in the arm for space tourism industry: Fmr. NASA astronautLeroy Chiao, former NASA astronaut, and Andrew Chanin, Procure Holdings CEO, join 'Last Call' to discuss Virgin Galactic's first commercial space flight, the future of space tourism, and where to invest in the industry.

Persons: Leroy Chiao, Andrew Chanin Organizations: NASA, Virgin

☆ Watch CNBC's full interview with Virgin Galactic CEO Michael Colglazier
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Virgin Galactic CEO Michael ColglazierMichael Colglazier, Virgin Galactic CEO, joins 'Closing Bell Overtime' to discuss Virgin Galactic's historic first commercial flight to the edge of space.

Persons: Michael Colglazier Michael Colglazier Organizations: Virgin Galactic, Virgin

Virgin Galactic leases part of the facility. The flight marked a long-delayed breakthrough for Virgin Galactic Holding Inc (SPCE.N), finally inaugurating commercial service after nearly 20 years of fraught by development setbacks. Rounding out the crew was their Virgin Galactic trainer, Colin Bennett, the company's lead "astronaut instructor," and Unity's two pilots, Michael Masucci and Nicola Pecile. Virgin Galactic said Unity topped out its flight at an altitude of nearly 52.9 miles (85.1 km). An earlier prototype of the Virgin Galactic rocket plane crashed during a test flight over California's Mojave Desert in 2014, killing one pilot and seriously injuring another.

The flight, dubbed Galactic 01, comes two years after Branson himself rode along with five other Virgin Galactic Holdings Inc (SPCE.N) personnel for the company's first fully crewed test spaceflight of its rocket plane, VSS Unity. Back then, Virgin Galactic officials said they expected to begin regular commercial operations in 2022 following additional test flights. Virgin Galactic had projected booking its first 1,000 paying customers, charging about $250,000 per seat, by the time commercial service opened. An earlier prototype of Virgin Galactic's rocket plane crashed during a test flight over California's Mojave Desert in 2014, killing one pilot and seriously injuring another. Billionaire rival Jeff Bezos, whose astro-tourist venture Blue Origin has already flown several commercial passenger flights, has disparaged Virgin Galactic as falling short of a true spaceflight experience.

Persons: Richard Branson, Joe Skipper, Branson, Walter Villadei, Angelo Landolfi, Pantaleone, Colin Bennett, Michael Masucci, Nicola Pecile, Branson's, Jeff Bezos, Virgin, Shepard rocketship, Jose Luis Gonzalez, Steve Gorman, Will Dunham Organizations: Virgin, Unity, REUTERS, Virgin Galactic, National Research Council, Virgin Galactic Holdings Inc, VSS, Galactic, SpaceX, Origin, Italian Air Force, International Space, Air Force, . Air Force, America, Corporate, NASA, U.S . Air Force, Thomson Locations: New Mexico, U.S, Italy, Mexico, Italian, Branson, Bezos, Los Angeles

☆ Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet
▼ + stars: | 2023-06-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023. Virgin Galactic has successfully raised $300 million via an "at the market" offering of common stock, the company disclosed in a securities filing Thursday. Shares of Virgin Galactic have rallied since the company announced plans to launch its first commercial spaceflight by the end of this month. Virgin Galactic had cash and securities totaling $874 million at the end of the first quarter, it reported in May. The company has a single carrier aircraft, VMS Eve, and one spacecraft, VSS Unity, which it has said can conduct flights as frequently as once a month.

Organizations: Carrier, VSS, Virgin Galactic, Galactic, VSS Unity, Delta

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