Where is Virgin Galactic?
Located on 27 square miles of desert landscape in New Mexico, Spaceport America is Virgin Galactic's human spaceflight headquarters and center of flight operations. virgingalactic.comSpaceport America
The Dow Jones Industrial Average fell 36.2 points, or 0.10%, at the open to 34959.96. The S&P 500 declined 3.6 points, or 0.08%, at the open to 4381.07, while the Nasdaq Composite dropped 18.1 points, or 0.12%, to 14715.133 at the opening bell. (Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)
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12 July, 2021 - 06:14am
The British entrepreneur beat fellow billionaire Jeff Bezos to the edge of space. Mr. Bezos is set to embark on his own space flight later this month aboard his Blue Origin LLC’s rocket. The two men are part of a new generation’s space race, both attempting to expand access beyond the reach of government and research missions—at least to a handful of high-net-worth individuals who can afford it.
Virgin Galactic shares, which have attracted a big retail following, fell 17% on Monday after the company said it could sell up to $500 million in stock.
At the crux of Galactic’s business model will be whether demand for space travel is sustainable. Analysts have been trying to figure that out, looking at various comparatives, from the use of private jets to the number of people who have climbed Mount Everest.
“It’s like a Venn diagram” of thrill-seekers and high-wealth individuals, said Ron Epstein, an aerospace industry analyst at Bank of America.
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