Virgin Galactic gets another launch contract
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.
Readers!
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I keep this site free from advertisements and do not participate in corrupt social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
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.
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I keep this site free from advertisements and do not participate in corrupt social media companies like Google, Twitter, and Facebook. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
Its sad when a big contract is signed by a company and its value drops.
It expresses a distrust in either of the participants in the contract.
But since its a penny stock there is not much to lose and if it does work out then the gains could be pretty good.