Bad news for Branson
Two stories today suggest that Richard Branson’s space empire continues to totter.
First, a judge ruled that the fraud lawsuit against Branson by other stockholders in the suborbital tourist company Virgin Galactic can go forward.
The suit claims Branson concealed safety problems while he sold off the bulk of his own stock at top dollar. Only after he had dumped his stock were those problems revealed, and the stock price plummeted, now trading at less than 10% of the peak in February 2021, when Branson sold.
Second, it appears that though Branson’s satellite orbital company Virgin Orbit is operational, it is not going to launch as many satellites this year as expected, and thus required an investment of $25 million on November 4th from Branson’s Virgin Group to stay liquid.
Branson clearly wanted to be a major player in space. In the end, he has mostly failed, though once again Virgin Orbit remains a viable launching company for smallsats.
Now available in hardback and paperback as well as ebook!
From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.
Conscious Choice does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.
“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.
All editions are available at Amazon, Barnes & Noble, and all book vendors, with the ebook priced at $5.99 before discount. The ebook can also be purchased direct from my ebook publisher, ebookit, in which case you don't support the big tech companies and I get a bigger cut much sooner.
Autographed printed copies are also available at discount directly from me (hardback $24.95; paperback $14.95; Shipping cost for either: $5.00). Just email me at zimmerman @ nasw dot org.
Two stories today suggest that Richard Branson’s space empire continues to totter.
First, a judge ruled that the fraud lawsuit against Branson by other stockholders in the suborbital tourist company Virgin Galactic can go forward.
The suit claims Branson concealed safety problems while he sold off the bulk of his own stock at top dollar. Only after he had dumped his stock were those problems revealed, and the stock price plummeted, now trading at less than 10% of the peak in February 2021, when Branson sold.
Second, it appears that though Branson’s satellite orbital company Virgin Orbit is operational, it is not going to launch as many satellites this year as expected, and thus required an investment of $25 million on November 4th from Branson’s Virgin Group to stay liquid.
Branson clearly wanted to be a major player in space. In the end, he has mostly failed, though once again Virgin Orbit remains a viable launching company for smallsats.
Now available in hardback and paperback as well as ebook!
From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.
Conscious Choice does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.
“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.
All editions are available at Amazon, Barnes & Noble, and all book vendors, with the ebook priced at $5.99 before discount. The ebook can also be purchased direct from my ebook publisher, ebookit, in which case you don't support the big tech companies and I get a bigger cut much sooner.
Autographed printed copies are also available at discount directly from me (hardback $24.95; paperback $14.95; Shipping cost for either: $5.00). Just email me at zimmerman @ nasw dot org.
Like a virgin …
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