News

Virgin Galactic gets clearance to fly you to space

Published

3 years ago

June 28, 2021

Anthony Lucas

You can soon buy a ticket to leave planet earth

Virgin Galactic has been Cleared by FAA to Fly Customers Into Space.

The Federal Aviation Administration upgraded the company’s existing license to cover customer flights.

This regulatory approval is moving the budding industry founded by billionaires one step closer to reality.

Virgin Galactic said the approval was the first of its kind also confirming that a May 22 test flight performed well against objectives.

“We have conducted a comprehensive assessment of data obtained from its May 22 test flight and confirmed that the flight operated successfully against all flying goals,”
Virgin added.

The approval marks another milestone for an industry that not long ago was the stuff of science fiction.

Virgin Galactic was founded by entrepreneur Richard Branson and the company has been working toward its goal since 2004.

Many congratulations to @JeffBezos & his brother Mark on announcing spaceflight plans. Jeff started building @blueorigin in 2000, we started building @virgingalactic in 2004 & now both are opening up access to Space – how extraordinary! Watch this space…
— Richard Branson (@richardbranson) June 7, 2021

Fellow billionaire Jeff Bezos plans his first trip in July, after auctioning a passenger seat for $28 million.

Stocks soar to the sky

The increase in SPCE stock today is accelerating the uptrend that began in late May of this year, when the price action effectively broke a steep falling wedge, culminating in a surge to $41.5.

Since then, the price action has left two bullish gaps, indicating increased interest from retail traders on the popular Reddit messaging board WallStreetBets and the market’s apparent positive sentiment toward Virgin amid the possibility of the company becoming the first to fly customers into space.

For the time being, the upward momentum in the company may allow SPCE stock to approach, if not exceed, its all-time high of $62.5 per share, fuelled by investors’ aspirations and fantasies of space flight.

News

Technological terror: China reveals uncanny AI romance film

Published

1 day ago

April 24, 2024

ticker NEWS

As competition intensifies in the streaming landscape, with players like Roku, Vizio, and Samsung launching their ad-supported platforms, TCL aims to carve its niche by offering compelling original content.

TCL, the renowned Chinese smart-TV manufacturer, announces its innovative use of generative artificial intelligence to produce original content for its streaming platform, TCLtvPlus.

Debuting this summer, “Next Stop Paris,” an AI-driven love story, marks the inaugural program from TCLtvPlus Studios

News

Grindr application cruises into court over privacy concerns

Published

1 day ago

April 24, 2024

ticker NEWS

Grindr faces lawsuit over alleged privacy breaches

Grindr, the popular gay dating app, is under fire in London as hundreds of users claim their private information, including HIV status, was shared without consent. The lawsuit alleges commercial use of sensitive data, sparking concern within the LGBTQ+ community. Grindr vows to defend its practices while emphasising its commitment to user privacy and compliance with data regulations.

News

The TikTok ban was just passed by the House. What could happen next?

Published

1 day ago

April 24, 2024

ticker NEWS

Washington D.C. has been under pressure to ban the popular Chinese-owned social media app TikTok.

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the U.S.

Calls are growing louder from many lawmakers and national security hawks to ban TikTok, over fears the app could censure content, influence users, and give Americans’ personal data to Beijing.

But the Chinese tech company, ByteDance—which owns TikTok— denies the allegations.

Dave Levinthal, the Editor-in-Chief of Raw Story joins Veronica Dudo to discuss.