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Boeing and Virgin Galactic have settled a lawsuit stemming from Boeing's work on Virgin Galactic's space tourism "mothership," according to a Thursday filing in Virginia federal court. Virgin Galactic attorney Brett Williamson and Boeing said in emails that the lawsuit was "satisfactorily resolved by mutual agreement of the parties." Boeing sued Virgin in March, accusing it of stealing trade secrets and refusing to pay $25 million owed for Boeing's work. Virgin said it was entitled to monetary damages of at least "the difference between the $45.6 million paid by Virgin Galactic to Boeing and the substantially lower actual value of Boeing's performance." The case is The Boeing Company and Aurora Flight Sciences Corp v. Virgin Galactic LLC, U.S. District Court for the Eastern District of Virginia, No.
Persons: Richard Branson, Brett Williamson, countersued, Virgin Organizations: Virgin Group Ltd, Virgin Galactic Holdings Inc, New York Stock Exchange, Boeing, Virgin Galactic, Virgin, Eastern, Virgin Galactic's, Boeing's Aurora Flight Sciences, Boeing Company, Aurora Flight Sciences Corp, Virgin Galactic LLC, of Locations: New York, U.S, Virginia, Virgin, California, of Virginia
Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating on Amazon following CEO Andy Jassy's letter to employees on Monday. Bank of America adds Palantir to the US1 list Bank of America added the stock to its top picks list. Bank of America reinstates Carvana as buy Bank of America resumed coverage of Carvana and upgraded it to buy saying it sees accelerating growth. Bank of America upgrades Hewlett Packard Enterprise to buy from neutral Bank of America said shares of the company are "attractive." Bank of America upgrades GE Vernova to buy from neutral Bank of America said it sees a "power surge" for the stock.
Persons: Oppenheimer, Andy Jassy's, Andy Jassy, Bernstein, Tesla, underperform Bernstein, Redburn, LSCC, Ford Tamer, Mizuho, DELL, Morgan Stanley, Virgin, Jefferies, it's bullish, JEF, ARMK, Baird, BTIG, " Jefferies, SolarEdge Organizations: Nvidia, " Bank of America, Bank of America, Semiconductor, Stifel, Board, Dell, JPMorgan, ViaSat, United Airlines, Viasat, IFC, Virgin Galactic, Virgin, Citi, UBS, APP, RBC, Baird Conference, Burger, Walmart, Technologies, Healthcare, Barclays, D, WEC, Hewlett Packard Enterprise, of America, Hewlett, Packard Enterprise, GE, Gas Power Services Locations: Europe
Virgin Galactic founder Sir Richard Branson, far left, and CEO Michael Colglazier, far right, stand with the crew of the Galactic 07 mission. But Virgin Galactic needs a great suborbital spaceship. But it's a far cry from the forecast Virgin Galactic sold investors on – more than 3,000 "cumulative passengers flown" by 2023 – when it went public five years ago. But that leaves a hiatus before the first Delta spacecraft debuts, with the key target of a first commercial flight in 2026. As a reminder, human spacecraft development is often years delayed, and Virgin Galactic has in the past been no exception: Virgin Galactic was supposed to begin spaceflights in 2010, but didn't until 2018.
Persons: Sir Richard Branson, Michael Colglazier, CNBC's Michael Sheetz, Galactic's, Colglazier, That's, Virgin Organizations: Virgin Galactic, VSS Unity, Galactic, Unity, VSS Imagine, VSS Inspire, VSS, Delta
Read previewJeff Bezos' private space company, Blue Origin, recently announced its plans to launch a crew of six aboard its New Shepard rocket this Sunday. Still, late last year, Jeff Bezos told Lex Fridman on Fridman's podcast that "Blue Origin needs to be much faster." About one minute into the flight, Blue Origin lost the first-stage booster due to a faulty nozzle in the booster's engine. Blue OriginVirgin Galactic and Blue Origin are both in the suborbital space tourism business. Bezos says Blue Origin's culture isn't fast enoughJeff Bezos founded Blue Origin in 2000.
Persons: , Jeff Bezos, Sara Sabry, Lex Fridman, Shepard, New Shepard, That's, ULA, Ted S, Warren, Bezos, Fridman Organizations: Service, Shepard, Business, Virgin Galactic, SpaceX, Origin, Federal Aviation Administration, Italian Air Force, Virgin, Glenn, United Launch Alliance, Rocket, NASA, US Space Force, AP Locations: Texas, New, Glenn, ULA
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
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
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 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 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
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
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 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 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
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
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
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 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
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
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
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 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.
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
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
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
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
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
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