Connect with us

News

Virgin Galactic stock crashes despite Richard Branson’s space flight

Published

on

Virgin Galactic shares, which were worth about $ 56 at the end of June, are now on offer for $ 32. Interestingly, just before Richard Brenson’s flight into space, which took place on July 11, stocks traded around the $ 50 mark, and then began to rapidly decline in price.

For example, yesterday Jeff Bezos, the former CEO of Amazon, along with other members of the New Shepard spacecraft, created by his space company Blue Origin, flew into space. After that, Virgin Galactic shares temporarily fell to $ 29, after which they returned to the $ 32 mark.

Despite the fact that Richard Branson made the first suborbent private flight, his ship rose to an altitude of 86 km above the Earth, so competitors did not recognize such a space flight. The shares fell by about 40% also due to the additional issue of shares. The day after the bidding, the company announced an additional issue of 10.16 million securities worth $ 500 million – at $ 49.2 per share.

Earlier, Richard Branson announced that he wants to build a hotel on the moon. The space tourism pioneer said building a hotel on the moon was something he had “always dreamed of.”

Virgin Galactic plans to launch space tourism in 2022.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

News2 hours ago

South Park has been extended to season 30, and the universe will be expanded with 14 films. And this deal cost ViacomCBS $ 900 million

The cult animated series South Park has been extended for another six seasons, up to the 30th. Series creators Trey...

Software4 hours ago

The fresh version of Windows 11 brought a compact menu and widget “Family”

Microsoft continues to test the Windows 11 operating system. Today, it released a new test version of the Windows 11...

Software4 hours ago

The fresh version of Windows 11 brought a compact menu and widget “Family”

Microsoft continues to test the Windows 11 operating system. Today, it released a new test version of the Windows 11...

Phones4 hours ago

Samsung’s most powerful mid-range smartphone: first live photos of the Galaxy A52s on and in the box

Samsung is preparing to release not only expensive foldable flagships, but also a replenishment of the inexpensive Galaxy A line....

Gaming4 hours ago

Nintendo Switch surpassed the sales of Sony PlayStation 3 and Xbox 360

Nintendo has reported for the first quarter of its 2021 fiscal year. In particular, the Japanese manufacturer shared its sales...

News6 hours ago

Next Generation Google Nest: Wireless Battery Camera, Spotlight Camera and Wireless Doorbell

Google today unveiled a new generation of smart cameras and doorbells under the Nest brand. The new lineup includes the...

News7 hours ago

Officially: Motorola Edge Lite Luxury Edition turned out to be more expensive than its “big brother”

Motorola, now owned by the Chinese Lenovo, today unveiled not only the Motorola Edge S Pro smartphone, but also the...

Components9 hours ago

3dfx Voodoo 6 graphics card and 3dfx Ruffon smartphone announced: these and other new items promise to show at CES 2022

The story around the return to the market of 3dfx Interactive, which went bankrupt more than 20 years ago, is...

Advertisement

Most Popular