Branson, Bezos, Musk give space ETFs liftoff


Fox Business 09 July, 2021 - 06:37am 9 views

When does Branson go into space?

Virgin Galactic will broadcast the flight of its founder, Richard Branson, as the billionaire soars into space on Sunday (July 11). Space.comHow to watch Virgin Galactic launch billionaire Richard Branson to space on Sunday

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital SolutionsLegal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed. ©2021 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

ProcureAM CEO Andrew Chanin discusses the potential impact of the Pentagon's UFO report on space stocks.

A new space race is underway, as Virgin Galactic founder Richard Branson prepares for a test flight to the edge of space before Amazon founder Jeff Bezos gets there himself.

Meanwhile, Elon Musk's SpaceX has already had several successful launches under his company's belt in partnership with NASA, as he also runs Tesla. 

Branson, on Thursday, detailed his Sunday flight plan for Virgin Orbit which will take place nine days before Bezos’s scheduled test flight via his own space tourism company, Blue Orbit. 

The British billionaire's flight will use airplanes equipped with a space launch vehicle that will detach and then climb to the edge of space at the Kármán line, which is recognized by NASA at 50 miles above sea level. 

Already, investors have driven shares of Virgin Galactic up 122% this year alone. 

Virgin Orbit is planning to go public via a special-purpose acquisition company (SPAC) later this year, with an intended valuation of $3 billion.

Virgin Orbit CEO Dan Hart discusses the emerging leisure space travel market ahead of Richard Branson flying to space just nine days before Jeff Bezos.

Currently, there are two pure-play space ETFs: the $621 million ARK Space Exploration and Innovation ETF (ARKX) and the $131 million Procure Space ETF (UFO).

UFO was the first to head to space. Launched in 2019, the fund tracks the S-Network Space Index, an index that tracks companies involved in a variety of space-related enterprises. This includes firms involved in satellite and rocket manufacturing, satellite-based consumer services and products, space technology hardware, and space intelligence services, including imagery. 

Top holdings in UFO include Virgin Galactic Holdings, with a 5.97% weight; Trimble Inc (TRMB), a satellite component manufacturer with a 4.95% weight; and GlobalStar Inc (GSAT), a satellite-based communications company with a 4.89% weight. 

UFO has an expense ratio of 0.75%.

Meanwhile, ARKX tracks space exploration and innovation companies, including orbital space companies, suborbital space companies, companies that enable the technologies used for space exploration, and companies that are positioned to benefit from space exploration.

ARKX, like most ARK funds, is actively managed. In practice, that allows the fund to turn to out-of-the-box holdings that investors don’t readily associate with the space industry.

Top holdings within ARKX include Trimble Inc (with 9.64% weight); the company’s own 3D Printing ETF (PRNT), with a 6.8% weight; and Kratos Defense and Security (KTOS), with a 6.51% weight. 

ARKX has an expense ratio of 0.75%. 

This material may not be published, broadcast, rewritten, or redistributed. ©2021 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

Read full article at Fox Business

Final frontier: Billionaires Branson and Bezos bound for space

Yahoo News 09 July, 2021 - 12:15am

 Richard Branson and Jeff Bezos launched Virgin Galactic and Blue Origin in the early 2000s, and now both men stand on the verge of lift-off themselves, mere days apart.

 The result of both an overlap in the companies' development timelines and the pair's fierce rivalry, the launches mark a milestone in the nascent space tourism industry.

 While the tycoons are among the first passengers, their ultimate goal is to allow hundreds of (wealthy) clients to admire with their own eyes, for a few minutes, the curvature of the Earth.

 They won't be the first billionaires in space.

 Hungarian-American Charles Simonyi and Guy Laliberte, the Canadian co-founder of Cirque du Soleil, spent several days aboard the International Space Station in 2007 and 2009 respectively, but made the trip on Russian Soyuz rockets.

 Bezos and Branson will be the first to hitch a ride with private space companies — which they themselves created.

 "It's just an incredible, wonderful coincidence that we're going up in the same month," Britain's Branson told The Washington Post in an interview, adding that his decision to move up his spaceflight to July 11 was "honestly not" intended to best the Amazon founder, whose voyage is slated for July 20.

 Branson's flight takes off Sunday from a base in New Mexico called SpacePort America.

 The time has not yet been announced, but the company said a livestream will begin at 7:00 am local time (1300 GMT).

 A carrier plane takes off from a runway, then lets go of the spaceship, baptized VSS Unity, at 50,000 feet (15,000 meters).

 VSS Unity's two pilots ignite its rocket engines, propelling the craft to Mach 3 above the 50 miles (80 km) altitude considered the boundary of space by the United States.

 The passengers, Branson and three other Virgin Galactic employees, will be able to unbuckle and experience weightlessness for a few minutes.

 The ship finally glides back to the original runway.

 Branson's role: evaluate the experience for future clients, expected from 2022.

 About 600 people have already bought tickets, ranging in price from $200,000 to $250,000.

 "When we return, I will announce something very exciting to give more people the chance to become an astronaut," he has promised.

 Blue Origin's voyage launches on July 20, the anniversary of the first Moon landing in 1969.

 The reusable rocket system is named New Shepard in honor of Alan Shepard, the first American in space.

 After lift-off, the capsule, which carries up to six crew members, separates from its booster, then spends four minutes at an altitude exceeding 60 miles (100 kilometers) — also known as the Karman line, the internationally accepted border of space.

 By comparison, commercial planes generally fly at an altitude of six miles (10 kilometers).

 The booster lands autonomously on a pad two miles from the launch site, and the capsule floats back to the surface with three large parachutes that slow it down to about a mile an hour when it lands.

 On board will be the Amazon founder, his brother Mark, 82-year-old female aviator Wally Funk, and the mystery winner of an auctioned ticket that sold for $28 million.

 It will be New Shepard's first crewed launch. Virgin Galactic has had three crewed flights including pilots, and even a passenger.

 Unlike rival SpaceX, which foresees more ambitious trips for tourists that will last several days, Virgin Galactic and Blue Origin's so-called suborbital flights require minimal training.

 But after being heralded as imminent for years, the advent of space tourism remains dependent on the complete success of these tests.

 In 2014, a Virgin Galactic spacecraft crash caused the death of a pilot, significantly delaying the program. Another tragic event of this kind could well put an end to it.

A Chicago student has died after requesting he be taken off life support following a shooting last Thursday that left him paralyzed, his family has said. Max Lewis, 20, was attending the University of Chicago for the summer when a stray bullet struck him in the back of the neck while commuting on a train, according to CBSN Denver. The Denver-native was on his way home when he was struck. Lewis was rushed to the University of Chicago Medical Center where doctors had to put him on life support, ac

Kourtney Kardashian's lifestyle brand Poosh posted the revealing pic that showed off the star's backside

A single Loki episode is all that’s left in the show’s first season. After the fantastic developments in episode 5, next Wednesday’s finale should deliver the final answers. We’ll get to see the last chapter of this new Loki’s redemption journey. And we’ll learn how the TV series will impact the upcoming MCU Phase 4 … The post The answer to Marvel’s biggest ‘Loki’ mystery might be hiding in plain sight appeared first on BGR.

Britney Spears showed off her back -- sans a shirt -- in a photo shared on Instagram on Wednesday. The pop star has been active on social media amid her ongoing conservatorship battle.

The actress has a flair for bold style.

Opt for 'varied' and 'moderate' amounts of the traditional Japanese cuisine.

The cast for "Bachelor in Paradise" season 7 has been revealed. The popular "Bachelor" spin-off -- which features fan favorites from both "The Bachelor" and "The Bachelorette" returning for another shot at love -- is finally back, with 19 contestants ready to find romance at a beachside Mexican resort. This is the first new season of "Bachelor in Paradise" to premiere in two years, as there was no 2020 season due to the COVID-19 pandemic.

The second round of the Scottish Open experienced a bizarre and troubling start here when a spectator brazenly walked on to a teebox and took a club from Rory McIlroy’s bag. As McIlroy and world No 1 Jon Rahm looked on in befuddlement, the man took a few swings before officials eventually arrived to lead him away. Inevitably, there will be questions posed about the security at this $7 million event. This is the first time that fans have been allowed in to watch a British golf event since the pan

The President's youngest child turned 15 this year.

"If I could lose the weight and keep it off, I would. ... You think I'm not tired of it, lady?" she asked.

#Chiefs WR Tyreek Hill raced #Packers RB Aaron Jones and issued a challenge to #Seahawks WR D.K. Metcalf.

Isabella "Bella" Kidman Cruise offered a rare glimpse at her personal life on July 7, as the daughter of Tom Cruise and Nicole Kidman posted footage to social media of herself with "fingers crossed."

Rachel Nichols hosted her long-running afternoon TV show, "The Jump," Monday afternoon, and began with a brief apology: "I . . . don't want to let this moment pass without saying . . . how deeply, deeply sorry I am for disappointing those I hurt, particularly Maria Taylor," she said. It was a day after the New York Times published leaked audio from a private conversation Nichols had a year before, in which she suggested that Taylor, her colleague, would replace Nichols as host of the network's N

HBO Max has released the first official image from “And Just Like That,” the revival of “Sex and the City.” The photo features series stars Sarah Jessica Parker reprising the role of Carrie Bradshaw, Cynthia Nixon as Miranda Hobbes, and Kristin Davis as Charlotte York. The new series follows Carrie, Miranda, and Charlotte as they […]

This is where Corvairs go to die.

The Cubs are reportedly sellers, and they might want to sell to the Mets.

This dessert is quick, easy and can serve as many or as few people as you need.

The healthcare behemoth's payout increase was in line with investor expectations, but can it afford the increased dividend cost?

The good news: That pension and your savings are and will be great assets for you in retirement, so congratulations on that! There are many factors that go into knowing how much you’ll need for retirement, and a few ways to break down these annual estimates. For example, if you were to use the 4% rule, which is a traditional rule of thumb that suggests you take out 4% of your retirement savings every year to live on, you’d generate about $30,000 to $35,000 a year, said Morgan Hill, chief executive officer of Hill and Hill Financial.

Business Stories