Virgin orbit – Jenam 2011 http://jenam2011.org/ Tue, 22 Jun 2021 00:46:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://jenam2011.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Virgin orbit – Jenam 2011 http://jenam2011.org/ 32 32 Virgin Orbit plans $ 3 billion PSPC merger https://jenam2011.org/virgin-orbit-plans-3-billion-pspc-merger/ https://jenam2011.org/virgin-orbit-plans-3-billion-pspc-merger/#respond Mon, 21 Jun 2021 08:41:50 +0000 https://jenam2011.org/virgin-orbit-plans-3-billion-pspc-merger/

NextGen II is led by Gregory Summe, former chairman and CEO of PerkinElmer Inc., and George Mattson, former head of the global industry group at Goldman Sachs Group Inc. The merger would value Virgin Orbit at $ 3 billion and could be announced in the near future. weeks to come, according to sources familiar with the proposed deal told aerospace industry publication Sky News on June 12.

NextGen II completed an initial public offering in March, bringing in $ 350 million. He made an additional $ 33 million from an over-allotment in April. CNBC said the funding would help Virgin Orbit grow its business.

Virgin Orbit has reportedly been in talks for months on a PSPC deal with several potential business partners. A representative for the company declined to comment on the eventual deal.

Virgin Orbit founder and chairman Richard Branson went public with Mojave-based space travel company Virgin Galactic in 2019 through a merger with Social Capital Hedosophia, making Virgin Orbit its second SPAC merger in three years.

Virgin Orbit is focused on launching small satellites into low earth orbit. The company split from Virgin Galactic in 2017. Virgin Orbit performed its first successful rocket launch, LauncherOne, in January.

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Preparations accelerate for the launch of Spaceport Cornwall https://jenam2011.org/preparations-accelerate-for-the-launch-of-spaceport-cornwall/ https://jenam2011.org/preparations-accelerate-for-the-launch-of-spaceport-cornwall/#respond Mon, 21 Jun 2021 05:00:00 +0000 https://jenam2011.org/preparations-accelerate-for-the-launch-of-spaceport-cornwall/

In a hangar at the edge of Newquay Airport is currently a technology that could help change Cornwall’s fortunes in the future – LauncherOne.

This impressive rocket is the revolutionary key component of Virgin Orbit’s horizontal satellite launch system, which is expected to launch from Cornwall Spaceport in about a year.

With the LauncherOne rocket sitting in the hangar behind it, a number of key Cornwall companies are discovering how they can get involved in the evolving space industry which is set to have a new home in Cornwall.

Above the speakers is a large screen showing videos of Virgin Orbit’s Cosmic Girl plane launching LauncherOne into an azure blue sky during its recent test flights in the United States.

Last week, the rocket wowed world leaders who were invited to learn more about Spaceport Cornwall and Virgin Orbit en route to the G7 summit with Prime Minister Boris Johnson reportedly particularly interested in the project.

You can stay up to date on the top news near you with FREE CornwallLive Newsletters – find out more about our range of Daily and Weekly Newsletters and register here or enter your email address at the top of the page.

Much has been said about Spaceport Cornwall since it was first announced, but the program is quickly becoming reality and is intended to give Cornish businesses a boost.

Along with a number of companies that are already working in the space industry or relying on data collected in space, there are also a number of other companies that are now finding that they will also be able to benefit from the arrival of new spaces and technology companies that are coming to Cornwall.



Prime Minister Boris Johnson, along with St Austell and Newquay MP Steve Double, UKSA’s Ian Annet and Virgin Group chief Patrick McCall see the LauncherOne at the Newquay Airport Spaceport ahead of the G7 summit

For Stephen Eisele, Vice President of Business Development at Virgin Orbit, utilizing and developing new business opportunities in Cornwall has always been a key part of the plan.

“It’s a big part of who we are here, it’s not about providing a launch service, it’s about providing a space ecosystem and providing sustainable access to space.

“We want to help develop new opportunities in Cornwall, which include launching but having satellites and downstream applications, software, application building, all of that – and a lot of that will come from data coming from the satellites. in the space. That’s exciting.”

And Stephen was keen to point out that many companies that will use the spaceport and data from the launches are already there.

“The UK has an amazing space industry, you have so many factors in place, universities working there, work on STEM topics, manufacturing, it’s all there.

“The only thing you’re missing is the launch, we’ll do that, but we’re just one part of that bigger picture. When you have the launch, you’ll have full access to space.



The Virgin Orbit which will operate from Spaceport Cornwall and could launch Kernow Sat 1 from 2022
The Virgin Orbit which will operate from Spaceport Cornwall and could launch Kernow Sat 1 from 2022

Stephen said that currently UK companies working in space need to send their products and services overseas so they can be launched – having a launch base in the UK and Cornwall , this will give companies much more control over how their skills are used. .

When Virgin Orbit first considered using Cornwall as a launch site, Stephen admits they were “pleasantly surprised at what we found” saying that when reviewing the necessary supply chain for the spaceport, much of what was needed was already there.

He said, “If we bring in the rocket and then find out that we need a component, we don’t want to have to wait to get it from the United States. But we’ve found a company here that can make these components – they weren’t doing it before, but they have the capacity to do it.

“There are many different examples like this – how we can use existing businesses and businesses that will help supply the space industry. They may not traditionally be considered space companies, but they can be with a few slight changes. “



Virgin Orbit’s modified Boeing 747-400 launches LauncherOne

This is where the real benefits of Spaceport Cornwall are expected to be realized for Cornwall – helping businesses increase production and develop new skills and create new employment opportunities in highly skilled fields that could provide good jobs. paid for the future.

Bosses from Cornwall colleges and universities have been working with Spaceport Cornwall to see what skills and courses will be needed to help support the project and give young people the opportunity to work in the space sector.

These could range from a direct implication to how data collected by satellites sent into space can be used – whether for environmental and marine surveillance purposes or for agricultural purposes – some of which occur. already in Cornwall.



A partnership agreement has been signed between Spaceport Cornwall and Virgin Orbit and Goonhilly Earth Station to provide horizontal satellite launch facilities from Cornwall Newquay Airport

Stephen said, “I’m over the moon. It’s exciting, Cornwall is going to be a real contact base for the world, this is the first time that we have a mobile commercial launch system like the one we are offering at Spaceport Cornwall.

“This will be the first launch in the UK and we believe the UK should be part of the space industry because of what is already there.”

Stephen admitted that for the general public he might not be fully aware of what Spaceport Cornwall might do for Cornwall, and even that Spaceport might actually take off.

But with less than a year of the first launch from Spaceport Cornwall, he said: “We want people to catch the vision. It’s happening, it’s real.


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How Newquay Virgin Spaceport Could Benefit Cornwall Businesses https://jenam2011.org/how-newquay-virgin-spaceport-could-benefit-cornwall-businesses/ https://jenam2011.org/how-newquay-virgin-spaceport-could-benefit-cornwall-businesses/#respond Sat, 19 Jun 2021 04:10:00 +0000 https://jenam2011.org/how-newquay-virgin-spaceport-could-benefit-cornwall-businesses/

In a hangar at the edge of Newquay Airport is currently a technology that could help change Cornwall’s fortunes in the future – LauncherOne.

This impressive rocket is the revolutionary key component of Virgin Orbit’s horizontal satellite launch system, which is expected to launch from Cornwall Spaceport in about a year.

With the LauncherOne rocket sitting in the hangar behind it, a number of key Cornwall companies are discovering how they can get involved in the evolving space industry which is set to have a new home in Cornwall.

Above the speakers is a large screen showing videos of Virgin Orbit’s Cosmic Girl plane launching LauncherOne into an azure blue sky during its recent test flights in the United States.

Last week the rocket wowed world leaders who were asked to learn more about Spaceport Cornwall and Virgin Orbit en route to the G7 summit, Prime Minister Boris Johnson was said to have been particularly interested in the project.

Much has been said about Spaceport Cornwall since it was first announced, but the program is quickly becoming reality and is intended to give Cornish businesses a boost.

Along with a number of companies that are already working in the space sector or relying on data collected in space, there are also a number of other companies that are now finding that they will also be able to profit. the arrival of new space and technology companies coming to Cornwall.

For Stephen Eisele, Vice President of Business Development at Virgin Orbit, utilizing and developing new business opportunities in Cornwall has always been a key part of the plan.

“It’s a big part of who we are here, it’s not about providing a launch service, it’s about providing a space ecosystem and providing sustainable access to space.

“We want to help develop new opportunities in Cornwall, which include launching but having satellites and downstream applications, software, application building, all of that – and a lot of that will come from data coming from the satellites. in the space. That’s exciting.”

And Stephen was keen to point out that many companies that will use the spaceport and data from the launches are already there.

“The UK has an amazing space industry, you have so many factors in place, universities working there, work on STEM topics, manufacturing, it’s all there.

“The only thing you’re missing is the launch, we’ll do that, but we’re just one part of that bigger picture. When you have the launch, you’ll have full access to space.

Stephen said that currently UK companies working in space need to send their products and services overseas so they can be launched – having a launch base in the UK and Cornwall , this will give businesses a lot more control over how their skills are used.

When Virgin Orbit first considered using Cornwall as a launch site, Stephen admits they were “pleasantly surprised at what we found” saying that when reviewing the necessary supply chain for the spaceport, much of what was needed was already there.

He said, “If we bring in the rocket and then find out that we need a component, we don’t want to have to wait to get it from the United States. But here we have found a company that can make these components – it wasn’t before, but they have the capacity to do so.

“There are many different examples like this – how we can use existing businesses and businesses that will help supply the space industry. They may not traditionally be considered space companies, but they can be with a few slight changes. ”

This is where the real benefits of Spaceport Cornwall are expected to be realized for Cornwall – helping businesses increase production and develop new skills and create new employment opportunities in highly skilled fields that could provide good jobs. paid for the future.

Bosses from Cornwall colleges and universities have been working with Spaceport Cornwall to see what skills and courses will be needed to help support the project and give young people the opportunity to work in the space sector.

These could range from a direct implication to how data collected by satellites sent into space can be used – whether for environmental and marine surveillance purposes or for agricultural purposes – some of which occur. already in Cornwall.

Stephen said, “I’m over the moon. It’s exciting, Cornwall is going to be a real contact base for the world, this is the first time that we have a mobile commercial launch system like the one we are offering at Spaceport Cornwall.

“This will be the first launch in the UK and we believe the UK should be part of the space industry because of what is already there.”

Stephen admitted that for the general public he might not be fully aware of what Spaceport Cornwall might do for Cornwall, and even that Spaceport might actually take off.

But with less than a year of the first launch from Spaceport Cornwall, he said: “We want people to catch the vision. It’s happening, it’s real.


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Space startup Launcher announces new CubeSat platform for SpaceX 2022 mission https://jenam2011.org/space-startup-launcher-announces-new-cubesat-platform-for-spacex-2022-mission/ https://jenam2011.org/space-startup-launcher-announces-new-cubesat-platform-for-spacex-2022-mission/#respond Fri, 18 Jun 2021 11:00:34 +0000 https://jenam2011.org/space-startup-launcher-announces-new-cubesat-platform-for-spacex-2022-mission/

Space startup Launcher has a new satellite platform that will carry stacks of CubeSats into space, the company said after funding nearly $ 12 million.

The platform, called the Orbiter, will send up to 330 pounds (150 kg) of mass into orbit. Initially, it will be used for carpool missions that send fleets of small satellites into orbit, with a larger satellite aboard a SpaceX Falcon 9 rocket. The launcher’s first mission will take off aboard a Falcon 9 in October. 2022.


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Virgin Orbit’s SPAC list could put more than half of Branson’s fortune in unproven space startups https://jenam2011.org/virgin-orbits-spac-list-could-put-more-than-half-of-bransons-fortune-in-unproven-space-startups/ https://jenam2011.org/virgin-orbits-spac-list-could-put-more-than-half-of-bransons-fortune-in-unproven-space-startups/#respond Fri, 18 Jun 2021 09:54:51 +0000 https://jenam2011.org/virgin-orbits-spac-list-could-put-more-than-half-of-bransons-fortune-in-unproven-space-startups/

After building a multibillion dollar fortune from record stores, planes, trains, gyms and many other Virgin-branded businesses during his 50-year long commercial career, British billionaire Richard Branson may soon have more than half of his estimated fortune in two high-risk, unproven space startups.

Currently, around $ 2 billion of Branson’s estimated $ 5 billion net worth comes from his stake in Virgin Galactic, the space tourism company that went public in 2019. Reports It emerged last week that Virgin’s second space startup, Virgin Orbit, a small US and UK-based satellite launcher, was seeking to go public through a SPAC merger, seeking a valuation of around $ 3 billion. of dollars.

The listing would tip the scales on Branson’s wallet and further shift the fortune of an entrepreneur who has made billions building traditional businesses on the strength of the Virgin brand, into a very risky and expensive new industry.

For SPAC, still unconfirmed by the Branson team, Virgin Orbit is reportedly working with NextGen Acquisition II, a special purpose acquisition company founded by former Goldman Sachs banker George Mattson. It is not yet clear how much of its 80% stake in Virgin Orbit Branson would be lost in the SPAC merger. But if the deal reaches a value of $ 3 billion and he owns only 20% of it, for the first time, more than half of Branson’s net worth would be in two companies deviating from the book. games from Virgin, both based on new operating technology. in an uncertain market.

Likewise, Virgin Galactic is yet to meet its revenue targets and is far from making a profit, although Branson’s Unity spacecraft is certainly moving in the right direction towards regulatory approval.

Value in orbit?

Virgin Orbit is certainly a unique offering. The company launches its payloads under the wing of a 747 aircraft, and in January of this year, Virgin Orbit defied skeptics and put its first batch of customer satellites into low Earth orbit after an unsuccessful attempt in May 2020. The feat put Virgin Orbit among the likes of SpaceX and challenger Kiwi Rocket Lab, to name just two of its smaller rivals in the satellite market.

In March, Rocket Lab announced its own plans for a PSPC listing later this year, seeking a valuation of $ 4.1 billion. Rocket Lab, however, has 17 missions under his belt, and when he claims he will make “$ 1 billion in revenue in 2026,” he does so with a good understanding of the market that builds on long-standing relationships. with clients that include the US military and NASA.

Later this month, Virgin will launch another mission from its base in California’s Mojave Desert, carrying payloads for the U.S. Department of Defense and the Royal Netherlands Air Force. Branson is never one to miss a marketing opportunity, and with the next launch available for the whole world to watch online, the success and timing of the PSPC list will likely depend on the success of this next mission.

Galactic SPAC price volatility?

However, significant questions remain about the prospects for Branson’s best-known space tourism firm, Virgin Galactic, which has been sitting on the runway in one form or another since Burt Rutan won the X Prize in 2004.

Branson has now lost the first player advantage to Jeff Bezos, who announced earlier this month that he would fly into space in late July aboard his company’s Blue Origin spacecraft. As a congratulation Tweeter Branson, he pointed out that billionaire space race rival Bezos had capitalized on a four-year head start.

Virgin Galactic went public in October 2019 with a market cap of $ 1 billion as part of a SPAC merger with Social Capital Hedosophia, a publicly traded company run by former Facebook executive Chamath Palihapitiya. But the stock had a rough year, with stocks reaching $ 54 in February, reaching $ 16 in mid-May. On June 17, the stock closed up 4.47% at $ 36.95.

In February, Galactic reported its fourth quarter and full year results for 2020, but without generating any notable revenue, the company recorded a total aggregate loss of $ 273 million, up from $ 210 million in 2019. Galactic is confident there is cash available for a push – $ 666 million to be precise – according to the annual release.

With money in the bank, the uncertainty over Galactic may end soon. In May, Galactic took its spaceplane to the edge of space (55 miles high) and marked a big green check mark next to the first of three key test flights that will allow it to begin offering seats to paying customers. The Galactic team is confident they will complete the last two by the end of 2021. With its Unity spaceplane fully licensed by the United States Federal Aviation Administration (FAA), it can begin to put customers on its Virgin brand seats.

Seraphim Capital, a space-focused investment group, found in April that $ 7 billion in equity had already been spent on 11 PSPC deals slated for this year, a “watershed moment” for the tech industry spatial.

Others are less optimistic. “I encourage retail investors not to get caught up in the hype and do their homework when it comes to space service,” said Space Fund Managing Director Meagan Crawford. “Unlike most companies that do a traditional IPO, some of these companies are still many years away from revenue, still at a fairly early stage and, most importantly, at fairly high risk. This risk profile may not be acceptable to many retail investors. “




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Genetic Testing Company 23andMe Trading Higher After Branson SPAC Merger https://jenam2011.org/genetic-testing-company-23andme-trading-higher-after-branson-spac-merger/ https://jenam2011.org/genetic-testing-company-23andme-trading-higher-after-branson-spac-merger/#respond Thu, 17 Jun 2021 16:47:59 +0000 https://jenam2011.org/genetic-testing-company-23andme-trading-higher-after-branson-spac-merger/

Anne Wojcicki, co-founder and CEO of 23andMe (right) celebrates with 23andMe employees after remotely ringing the NASDAQ opening bell at the headquarters of tech company DNA 23andMe in Sunnyvale, California, United States on 17 June 2021.

Peter DaSilva | Reuters

The most recent trade in the stock market is “ME”.

Personalized medicine and home genetic testing kits company 23andMe went public on Thursday through a merger with Richard Branson SPAC, VG Acquisition Corp.

23andMe shares rose 21% on the Nasdaq on its first day of listing as a public company.

Founded by Anne Wojcicki – the former wife of Google founder Sergey Brin, who was one of the company’s early investors – 23andMe was established 15 years ago. With Ancestry, he helped advance the idea that genetic testing is not just a medical field, but a big consumer business. Its home testing kits, which allowed people to learn about their genetic profiles and ancestry by sending a bit of saliva in the mail, ushered in a new era of personalized medicine, not without controversy.

23andMe, a five-time CNBC Disruptor 50, has had no direct or sure path to success as a public company.

It was reviewed by the FDA earlier in its history; continues to question consumer privacy as it collects genetic information on millions of individuals; has encountered financial difficulties in recent years as the personalized genetic testing market seemed to saturate; skepticism based on its gene-based risk analysis remains controversial; and as it dives deeper into drug development, a gap in its current customer base and underlying genetic data between a majority European genetic profile and the under-representation of many minority and ethnic groups.

“It will take time… to really make sure all communities are involved in the research,” Wojcicki said in an interview with CNBC’s “TechCheck” Thursday morning. “You can’t make discoveries in a population if these people don’t participate. We need the right customers and represent the product to them in the right way. “

Wojcicki says the company sees big things ahead for its consumer and drug research and development platforms. About 80% of 23andMe’s 11 million members choose to share their genetic information (anonymized) for drug development research.

“Our genetics represent all life on this planet, and we have the opportunity to understand what that means and with that, it will improve your own life but also contribute to all kinds of research discoveries,” Wojcicki said.

She says the controversy over the medical usefulness of information when it is put in the hands of consumers will not go away, and that it spans a range of critical clinical information, such as mutations in the gene. that causes breast cancer, BRCA, to “more controversial” genetic information about Alzheimer’s disease variants. Some people at higher risk for blood clots make the decision to walk more during air travel as a result of their 23andMe reports.

But she added that consumers have shown they want this information to help them make decisions.

She said in the Alzheimer’s risk case, “This information… really influences the way they live their lives… how they plan to retire… plan to grow old.”

Her own 10-year-old son used the company’s lactose intolerance test to diagnose her upset stomach and Wojcicki herself, while being reluctant to discuss her personal use of the product, said in As the daughter of a woman with breast cancer who has a higher risk of disease, the information influences her decision to have that “recreational glass of wine.”

“The last 15 years have put in place the infrastructure to know how we can get off the ground, to prove to consumers that we can get the information and to prove that they can understand it without a healthcare professional,” she said. .

She says the key to her future is that consumers want to use the information not only to change their lives, but also to help drug discovery.

23andMe has 40 ongoing programs on its drug discovery platform.

“We want them to truly have a personalized healthcare experience and (…) benefit the human genome by seeing all of this aggregated data turned into therapeutic programs,” Wojcicki said. “When I think about the future of therapeutics, over the next five years, it’s really about moving these programs forward and getting them into the clinic.”

The company also recently launched a subscription product to introduce more content and services for consumers who want to take extra action after their genetic reports.

“We get thousands of people calling the customer service team every week who would like to know how to use this information and apply it to live longer and healthier lives,” she said.

The IPO market has already established a annual record for transaction volume in 2021, at $ 171 billion, and only in the middle of the year. The average first-day trading gains in trading this year have been over 40%. While traditional IPO and SPAC market returns have cooled in recent months, the Renaissance IPO ETF and CNBC SPAC Index have been negative since the start of 2021 with the big gains from last year continuing. Meanwhile, concerns about PSPC deals have grown and some leading PSPCs like Branson’s Virgin Galactic and electric vehicle maker Lordstown Motors have shown high levels of volatility.

Nonetheless, Branson and other investors plan to bring another public space company, the Virgin Orbit satellite internet service, through a PSPC in the coming weeks.

This story was updated for the company’s closing price on its first trading day on Thursday.

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Space News: Britain urged to improve game to compete with UKSpace Will Whitehorn | United Kingdom | New https://jenam2011.org/space-news-britain-urged-to-improve-game-to-compete-with-ukspace-will-whitehorn-united-kingdom-new/ https://jenam2011.org/space-news-britain-urged-to-improve-game-to-compete-with-ukspace-will-whitehorn-united-kingdom-new/#respond Wed, 16 Jun 2021 23:48:12 +0000 https://jenam2011.org/space-news-britain-urged-to-improve-game-to-compete-with-ukspace-will-whitehorn-united-kingdom-new/

NATO chief warns cyberspace attack could lead to ground incursion

Currently, the global space economy is worth $ 350 billion (£ 248 billion), with Morgan Stanley predicting it could triple by 2040. It is hoped that Britain’s first spaceport, Cornwall, could launch its first satellite in 2022.

Speaking to Express.co.uk, Will Whitehorn, chairman of industry body UKspace, said government support could help make Britain’s space sector “one of the most successful in the world”.

He said: “Unlike France and Italy in Europe, which spend much more money on their space industries, most of what we do is the result of private sector investments with a little government help from time to time.

“I think we have to improve our game. The reason we have to improve our game is that there is an increase in spending across the board.

“You could go to Dubai, they just launched a satellite, you could go to Japan which has tripled its investment in space. You can go to the United States and see that NASA was the procurement agency that forged a new private space industry.

“I think we need to improve our game” (Image: GETTY)

Nasa

Spaceport Cornwall is based at Newquay Airport (Image: GETTY)

“NASA was really partly responsible for the success of SpaceX today, being one of the early buyers of SpaceX contracts. The same is true to some extent for Virgin Galactic and Virgin Orbit.

“We’re just not doing this on this scale in the UK and I think we’re going to have to do it a bit because we have the makings of what could be one of the most successful industries in the world.”

According to Mr. Whitehorn, 1,500 UK-based companies are involved in the space industry and employ 50,000 people.

Both of these figures are expected to increase rapidly in the coming years.

READ MORE: NASA finds ‘bizarre’ planet similar to Earth

Space

“Space is one of those areas that depends on some help” (Image: GETTY)

Sir Richard Branson’s Virgin Orbit hoping to perform “horizontal” launches from Spaceport Cornwall, which will see a Boeing 747 fly over the sea before launching a rocket into space.

These will be used to transport small satellites, the demand for which is expected to increase over the next decade.

Plans are also underway for vertical rocket launches, from the Shetland Space Center in Scotland.

Mr Whitehorn said state investment will be needed to ensure the UK space industry is a world leader.

READ MORE: NASA Flight Director on Apollo 13 – “We thought we might have lost them”

Space

A Virgin Orbit 747 with a rocket under the wing (Image: GETTY)

The former director of Virgin Galactic said: “Space is one of those areas that is looking for some help, especially as it is on the cusp of becoming an industrial take-off market where it is going. have huge investments around the world.

“It requires the UK state to get involved more than the UK state has traditionally done.

“I’m really happy with the way things can go.

“We have the opportunity to be at the center of the new space industry, new smaller products.

NASA: Shannon Walker hands over the keys to the ISS

“Products for example like Virgin Orbit which is ideally designed to come to various places around the world for sovereign launches.”

In July 2020, the UK government spent £ 400million to buy a stake in satellite company OneWeb, which hopes to provide high-speed internet worldwide through a network of satellites.

This makes it a major rival to Starlink, a similar SpaceX plan from Elon Musk.

Business Secretary Alok Sharma said the deal would provide “the UK’s first sovereign space capability”.

Mr. Whitehorn endorsed the decision, saying, “It was a courageous decision for this government to make.

“The government made the right decision to invest in OneWeb, to take the next step.

Space

Virgin Orbit plans to operate from Spaceport Cornwall (Image: GETTY)

“It can provide a product and a range of products to build on. Give Britain low orbit satellite capacity the nation can share. “

However, Mr. Whitehorn warned that space would likely become an “active” theater in future wars.

As such, he argued that Britain must be able to launch its own rockets into space.

Space features prominently in the UK’s Integrated Review, a report released by the government earlier this year that focuses on national defense.

Mr. Whitehorn argued: “The smart thing to do is to be able to outsmart your opposition in satellite numbers rather than trying to shoot things down.

“It will be a battle of brains and artificial intelligence in space.

“And that’s where the ability to launch satellites and have that sovereign ability really makes sense and that’s what I would recommend to the government.”


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Decarbonization Plus + Solid Power in $ 1.24 SPAC Deal; RIDE drops more; June votes https://jenam2011.org/decarbonization-plus-solid-power-in-1-24-spac-deal-ride-drops-more-june-votes/ https://jenam2011.org/decarbonization-plus-solid-power-in-1-24-spac-deal-ride-drops-more-june-votes/#respond Tue, 15 Jun 2021 12:08:08 +0000 https://jenam2011.org/decarbonization-plus-solid-power-in-1-24-spac-deal-ride-drops-more-june-votes/

** Receive the daily PSPC newsletter **

The PSPC market continues its overall transition to a more positive narrative as the June mass voting continues smoothly and no big negative news has hit. This morning Decarbonization Plus Acquisition Corporation III (DCRC) Announced $ 1.24 Billion SPAC Agreement with Solid Power. Bloomberg again has the latest rumors that GS Acquisition Holdings Corp. II (GSAH) could merge with Mirion Tech, a nuclear measurement and analysis company.


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(NGCA), Boeing Company (The) (NYSE: BA) – Virgin Orbit Approaches SPAC Merger: What Investors Need to Know https://jenam2011.org/ngca-boeing-company-the-nyse-ba-virgin-orbit-approaches-spac-merger-what-investors-need-to-know/ https://jenam2011.org/ngca-boeing-company-the-nyse-ba-virgin-orbit-approaches-spac-merger-what-investors-need-to-know/#respond Mon, 14 Jun 2021 15:08:30 +0000 https://jenam2011.org/ngca-boeing-company-the-nyse-ba-virgin-orbit-approaches-spac-merger-what-investors-need-to-know/

A much-anticipated merger of PSPC could be announced in the coming weeks, according to Sky News.

What happened: Virgin Orbit, a satellite launch company owned by Sir Richard Branson’s Virgin, could announce a SPAC merger, according to the report.

The company is 80% owned by Virgin Group and 20% owned by Mubadala, Abu Dhabi’s sovereign wealth fund.

NextGen Acquisition Corp II (NASDAQ: NGCA) is in exclusive talks with Virgin Orbit and could value the company at $ 3 billion, according to Sky.

Virgin Orbit CEO Dan Hart is a former space segment executive at Boeing (NYSE: BA), work for aircraft manufacturer for over 34 years.

Related Link: Jeff Bezos vs. Richard Branson: Who will go to space first?

Why this is important: Virgin Orbit is a spin-off of Galactic Virgo (NYSE: SPCE) four years ago. Virgin Galactic went public as part of a PSPC merger in 2019.

NextGen Acquisition II is led by the former Goldman Sachs (NYSE: GS) Banker George Mattson, who sits on the board of directors of Virgin Galactic. Mattson also sits at Delta Airlines (NYSE: DAL).

Virgin Orbit received positive momentum last week with UK Prime Minister Boris Johnson posing in front of the company’s launch rockets ahead of the G7 summit.

Virgin Orbit launched 10 small satellites into space in January and is expected to launch more by the end of June.

The company is one of only two commercial operators of small satellites to take this step. The company’s main competitor is Rocket Lab, which goes public through a SPAC merger with Vector acquisition company (NASDAQ: VACQ).

Virgin Orbit plans to launch satellites from locations in California, Guam and Japan, with additional locations being considered.

NGCA price action: NGCA shares were trading up 6.04% to $ 10.36 as of the last check on Monday.

Disclosure: The author is long actions SPCE.

Photo courtesy of Virgin Orbit.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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Sunday Newspaper Roundup: Covid-19 Restrictions, Airline Industry, Aviva https://jenam2011.org/sunday-newspaper-roundup-covid-19-restrictions-airline-industry-aviva/ https://jenam2011.org/sunday-newspaper-roundup-covid-19-restrictions-airline-industry-aviva/#respond Sun, 13 Jun 2021 11:18:32 +0000 https://jenam2011.org/sunday-newspaper-roundup-covid-19-restrictions-airline-industry-aviva/

Britain will have a six week window to open in the summer or risk keeping Restrictions related to Covid-19 in place until spring, fear the ministers. Boris Johnson gave his clearest signal on Saturday, but he plans to delay a full return to normalcy for another month as he has said he wants to give Covid-19 vaccines “extra legs” in “the race between vaccines in blockages “. – Sunday Telegraph

the airline industryRecovery from the pandemic has taken a major step forward as more than 2 million people passed through US airport security checkpoints on Friday for the first time since early March 2020. The Transportation Security Administration announced on Saturday that 2.03 million travelers were screened at airport checkpoints on Friday. It was the first time in 15 months that the number of security checks exceeded 2 million in a single day. – Guardian

Aviva is set to fire its top fund managers to cut costs just days after an activist investor became a major shareholder in the insurance giant. FTSE 100 is considering ousting ten equity managers from its investment arm Aviva Investors, The Mail on Sunday can reveal. David Cumming, chief investment officer for equities, is gone. And Mikhail Zverev, head of global equities, is among the top fund managers who are expected to be fired. – Financial mail on Sunday

Metro Bank axed the interest he pays on his savings accounts. In a letter sent to customers over the past few days, the bank that prides itself on its customer-centric approach to retail banking said that following a review, rates on two access accounts traditional snapshot will be reduced to 0.05% from August 12. – Sunday Financial Mail

HalfordBritain’s largest bicycle and auto parts retailer benefited from the lockdown as the country got on its bike and used its car to take a national vacation. On Thursday, the company expects to report an increase in pre-tax profits of between £ 90m and £ 100m for the year through April, beating analysts’ estimates by £ 70m. Its profits were just under £ 56million last year and £ 59million in 2019. And the trends that have boosted sales at Halfords over the past 12 months are expected to continue. – Guardian

Travelers have remained stranded in cities across the UK and Ireland and nearly 500 jobs are at risk after an Irish regional airline announced its liquidation. Aer Lingus said a number of regional flights were canceled after the operator, Stobart Air, terminated his contract with the Irish airline. The announcement, which comes after Stobart Air failed to find a buyer and ceased operations, affects several flights from Dublin and Belfast airports to UK cities. – Guardian

Sir Richard Branson is in talks to list his satellite launch company on the stock exchange via a $ 3bn (£ 2.1bn) deal with a blank check vehicle founded by a former Goldman Sachs banker. Virgin orbit is in the process of finalizing a merger agreement with NextGen Acquisition II, a New York-listed special purpose acquisition (Spac) company created by George Mattson, Sky News reported. – Sunday opening hours

JD Sports has come under fire for paying bonuses to executive chairman Peter Cowgill despite government backing hundreds of millions of pounds. In a scathing report, consulting firm Glass Lewis recommends that shareholders vote against the retailer’s “inappropriate” compensation policy. He says they should oppose Cowgill’s re-election on the basis of inadequate succession planning and a lack of progress on gender diversity on the board. – Sunday opening hours


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