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The competition heats up: Virgin Galactic has signed a launch contract with new communications satellite company Sky and Space Global to use LauncherOne to put 200 nanosats into orbit in 2018.
This contract suggests that Virgin Galactic might be making good progress on LauncherOne. Or it might mean that Sky and Space has some commitments that forced it to pick Virgin Galactic over other smallsat launch companies that appear to be farther along in development. Either way, the stock market looked at this deal and, as noted in the article above, sold off enough Sky and Space stock for its value to drop.