Money

Richard Branson races Bezos to space…literally

Published

3 years ago

July 2, 2021

The space race between billionaires Jeff Bezos and Richard Branson is heating up.

Virgin Galactic announced on Thursday that the space tourism company will attempt to launch its next test spaceflight on July 11, carrying founder Sir Richard Branson.

Branson is aiming to beat fellow billionaire Jeff Bezos to space, as the latter plans to launch with his own company, Blue Origin, on July 20.

“After more than 16 years of research, engineering, and testing, Virgin Galactic stands at the vanguard of a new commercial space industry, which is set to open space to humankind and change the world for good,”
Branson said in a statement

Following the announcement, shares in Virgin Galactic skyrocketed 20 percent during after-hours trade.

The mission will be Virgin Galactic’s fourth test spaceflight to date and its first mission with a crew of four onboard, as the company launched its most recent spaceflight, on May 22, with just two pilots.

“I’m honored to help validate the journey our future astronauts will undertake and ensure we deliver the unique customer experience people expect from Virgin.”
Branson stated

For the first time, Virgin Galactic will share a global livestream of the spaceflight. Head over to @VirginGalactic to join us as we welcome the next era of space travel https://t.co/x0ksfnuEQ3 #Unity22 pic.twitter.com/hHxLikFHb6
— Richard Branson (@richardbranson) July 2, 2021

Alongside Branson will be three Virgin Galactic mission specialists: Chief astronaut instructor Beth Moses, lead operations engineer Colin Bennett, and government affairs VP Sirisha Bandla. Virgin Galactic pilots Dave Mackay and Michael Masucci will fly the company’s VSS Unity spacecraft.

Virgin Galactic said it will livestream the spaceflight for the first time, a feed that will be available on Twitter, YouTube and Facebook.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending