Italian rocket engine company stock surges in trading debut
Capitalism in space: The stock of the Italian rocket engine company Avio jumped 11 percent in value on its first day of public trading.
The company is the prime contractor for Arianespace’s Vega rocket, and is also making engines and parts for the new Ariane 6 rocket being built by Airbus-Safran.
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Capitalism in space: The stock of the Italian rocket engine company Avio jumped 11 percent in value on its first day of public trading.
The company is the prime contractor for Arianespace’s Vega rocket, and is also making engines and parts for the new Ariane 6 rocket being built by Airbus-Safran.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Where will Vega launch from? Just curious…..
Diane Wilson: Vega has already launched several times from French Guiana, as do all Arianespace rockets. The union strike there right now however has frozen all launches.
The union strike was my point. Depending on fallout from the strike, French Guiana may no longer be a safe and/or reliable launch site. Arianespace doesn’t have a lot of options, though, and continued turmoil can only raise the costs and seriously delay their launches. They can’t afford for the strike to get further out of control.
@Diane Wilson
My impression is that the Guiana strike will abate quickly and peacefully after the French presidential election. They don’t want to lose their space port. Because they could hold it as hostage again sometime. It is not as if their society is collapsing, it is just a money grabbing strike. They were already offered a gift from Paris of €1 billion but demanded 2.5 ($10,000 per inhabitant) because the election isn’t until May 7. Standard French procedure.
@LocalFluff
Two things. First, I can’t see a connection between the strike and the French election, although I could be missing it entirely. Before or after the election, the current President is out anyway. No incentive there. Assuming usual French politics, the election won’t produce a clear majority winner, so there will be a run-off, probably a couple of months away. In any case, if a candidate promises to pay, does that help or hurt their election chances? Can the French President simply pay this amount without some approval somewhere in the government? I’m just not seeing it.
Second, these strikes have a way of getting out of control. “French politics as usual” and Latin American political history is a bad mix. And I understand that the Guianans feel like France takes them for granted. They may not have much incentive to settle without having the money in hand.
@Diane Wilson
First of all, I never were close to French Guyana. I understand French somewhat, but have resigned from trying to really understand French culture. So I’m no authority here. I mostly rely on my cynical realism about how politics like this works in Europe. Some naive online (space nerd oriented) claims are being made about this strike that I want to warn about, hopefully guiding those interested to think twice about their conclusions.
The election has all the attention of all news media in France. So it is of course extremely opportune for the strikers to take advantage of that. And all leading candidates have already made this strike an issue in their campaigns. The final election is on May 7, between the two winners on April 23.
Marine Le Pen is all for supporting workers’ unions, and of course all proper French citizens which includes all Guyanians. And she has the upper hand on the immigration issue (from violently failing Venezuela). And on the EU membership issue (which hurts Guyana’s trade in America). And on the general disability of the sitting Paris regime. I would think that her standing up for Guyana, which is not exactly only populated by white French colonialists, but by Frenchmen of colors, helps her a bit to get rid of the MSM label as a “racist”. French nationalism has never been about race.
So status quo candidates have to respond to that by offering cash bribes and the orderly return to everyday life. The strikers extort that to try to profit more, even if they probably realize that they’d do better with it over a Le Pen victory. I expect them to give into some compromise opportunistically any time. But at least after May 7 it will be as it was before the election campaigns, and they will have minimal to gain from continuing the strike. Then the elected president can easily send in troops to resume launches from the space port and almost no French will hear or care about it. I suppose they timed this to fit their strike funds. When unpaid striking workers get hungry they go back to work.
The president of France of course can do whatever he or she wants!
Hollande doesn’t do anything just because he doesn’t want anything.