Tag Archives: richard branson

Now we know that Morgan Stanley is one of the financial behemoths that we don’t want to mess with when they give an opinion. So many pundits in the aviation sector paid close attention when Morgan Stanley gave indications that Virgin Galactic’s stocks will soar after it gave the stock of the aviation upstart higher ratings than many pundits thought necessary. The investment behemoth’s analyst Adam Jonas explained this position:“A viable space tourism business is what you pay for today… but a...

Vertical Research Partners is the first company that started covering Virgin Galactic, the space company founded by British billionaire Richard Branson. They gave it a “buy” rating and said its risk “is misunderstood.”In his letter to investors analyst Darryl Genovesi wrote:“We think the technical risk to SPCE’s human spaceflight program is less draconian than the stock appears to be pricing in.”Virgin Galactic had its IPO last week, following the realization of its merger with Chamath...

Sir Richard Branson’s private space tourism company Virgin Galactic Inc. started its trading on the New York Stock Exchange (NYSE) via a direct listing at $12.10 on Monday under the ticker “SPCE”.The move comes after the Galactic merged with Chamath Palihapitiya’s venture Social Capital Hedosophia that gave the new company a combined valuation of $1.5 billion. Branson kept a 51% stake in the business.CEO George Whitesides said:“Virgin Galactic is making history again today as it becomes the...

The race for the space business is getting intense as big organizations are spending billions of dollars in creating the infrastructure for space tourism. While we have frequently heard Elon Musk’s SpaceX or Jess Bezos’ Blue Origin working on the plan, Richard Branson’s space tourism venture Virgin Galactic has pulled the rabbit out of the hat.Virgin Galactic is all set to become the first company in the space tourism to go public. During a recent interview with the CNBC, we heard this...

Billionaire and innovator Richard Branson’s space tourism start-up, Virgin Galactic, space tourism seems to be only a few months away from its first commercial flight to space.To prove its seriousness, the company unveiled its line of ‘Under Armour’-made spacesuits for passengers to come.Jumpsuits are made in royal-blue and from lightweight “flight-grade” material that is designed in a way that keeps travelers pleasant as they speeding faster than 50 miles into the atmosphere (that’s more...

U.K based fund transfer service, TrasnferWise Ltd, has announced that in its last fiscal year, the company’s revenues recorded growth by more than 50%. TransferWise which is fully backed by Sir Richard Branson as well as Peter Thiel’s Valar Ventures, had its fiscal year-end on the 19th of March, which confirms the company’s three-year consecutive profit streak.TransferWise successfully pulled in 179 million pounds (about $223 million) in revenue which is an increase of more than half of the...