Conscious Choice cover

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.

 

Available everywhere for $3.99 (before discount) at Amazon, Barnes & Noble, and all ebook vendors, or direct from the ebook publisher, ebookit. And if you buy it from ebookit you don't support the big tech companies and I get a bigger cut much sooner.


Virgin Galactic reports first loss since stock went public

Capitalism in space: Virgin Galactic today released its first quarterly report since the company’s stock went public in October, reporting a net loss of $51.5 million during the third quarter of 2019.

The stock initially opened in October at $12.93. It quickly dropped 25% in value, and has generally been trading at about $10 a share since. With today’s release the stock immediately dropped below $10, but it appears to have settled at around $9.75, for the moment.

According to this story, they presently have reservations from 600 people for suborbital flights, and have received 3,557 inquiries about flight reservations as of the end of September.”

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4 comments

  • Col Beausabre

    Of course, they reported a loss, they have no income. If they have 600 reservations, they may have a plie of cash, they also have 600 debts and not a penny of revenue. If I pay them $1K to reserve a flight, it is not recorded as revenue, it is recorded as an increase to Cash of $1K and a corresponding Debt of $1K (they owe me a flight). When they send me up, the debt is reversed (goes to zero) and $1K of revenue recognized. This is all Accounting 101. Unless Branson is selling VG tchotchkes or something (wouldn’t put it past him), they have no sales to record.

    In my personal accounts I have moved $1K from the asset Cash to another asset, Prepaid Flights They owe me either a flight or my money back. (or I could sell the reservation to you, like any other asset)

    Speculation 1) the loss was bigger than the Street expected 2) Buyers remorse at seeing the word “loss” drove the stock price down.

  • Jim Davis

    …and have received “3,557 inquiries about flight reservations as of the end of September.”

    But since when? Since Virgin Galactic was first organized? Since it went public? I’m guessing the former which is not encouraging.

  • Lee S

    I wonder what their policy is on getting your deposit back?
    If I had a few 10’s of 1000’s to spend on a suborbital flight… I’d be depositing with Blue Origens at this point…
    There must be a sound reason SpaceX has never given the option for a tourist suborbital “experience”… Not even genuinely advertised an orbital tourist package… ( Around the moon notwithstanding… For the silly rich..)
    I’m sad to say it, but I agree with our host… Virgin Galactic is as good as dead in the water… Too low specs, too long development time, and the only “new space” company to have deaths… Multiple ones during development…
    My shares ( if I had any ) would have been offloaded long ago..

  • pzatchok

    I’ll buy in when they get down to the penny stock range.

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