Post by Deleted on Mar 17, 2020 20:05:44 GMT -5
Yesterday on TV I thought I heard SPCE is owned 49% by a major airline. I believe they said United, not sure. So if the major airline goes into bankruptcy there may be a problem.
Also heard Trump will be helping the airlines out financially.
Then I found this:
Investors
After a claimed investment by Virgin Group of US$100 million,[52] in 2010 the sovereign wealth fund of Abu Dhabi, Aabar Investments group, acquired a 31.8% stake in Virgin Galactic for US$280 million, receiving exclusive regional rights to launch tourism and scientific research space flights from the United Arab Emirates capital.[52] In July 2011, Aabar invested a further US$100 million to develop a program to launch small satellites into low Earth orbit, raising their equity share to 37.8%.[53] Virgin announced in June 2014 that they were in talks with Google about the injection of capital to fund both development and operations.[54] The New Mexico government has invested approaching $200m (£121m) in the Spaceport America facility, for which Virgin Galactic is the anchor tenant; other commercial space companies also use the site.
On Monday 28 October 2019, Virgin Galactic listed into the New York Stock Exchange, trading under the ticker symbol 'SPCE'. Public investors can buy the stock of the company. It is the first and only publicly traded commercial human spaceflight company.[55]
.
en.wikipedia.org/wiki/Virgin_Galactic
Then I found this:
October 05, 2012 (this date is after the Aabar invetments.
VIRGIN GALACTIC ACQUIRES FULL OWNERSHIP OF THE SPACESHIP COMPANY
Virgin Galactic acquires full ownership of The Spaceship Company
Mojave, CA. – Virgin Galactic, the world’s first commercial spaceline, today announced that it has taken 100% ownership of its sister company, The Spaceship Company (TSC), by acquiring the 30% stake held by Scaled Composites (Scaled) since TSC’s formation under a joint venture with Virgin Galactic.
This acquisition, details of which are not being disclosed, marks the successful completion of a long-term strategy and signifies the end of the first phase of TSC’s development. During this development phase, TSC completed the build out of manufacturing and assembly facilities in Mojave, CA, established a specialized workforce and transitioned necessary assets from Scaled in order to begin building Virgin Galactic’s commercial fleet of WhiteKnightTwo (WK2) carrier aircraft and SpaceShipTwo (SS2) manned sub-orbital spacecraft. These vehicles will be utilized for Virgin Galactic’s planned spaceline operations which will be based at Spaceport America in southern New Mexico.
The completion of the acquisition comes as Virgin Galactic and Scaled begin to plan the handover of the SS2 development program to Virgin Galactic, with Scaled remaining fully committed to the final portion of the WK2 and SS2 test flight programs prior to Virgin Galactic commencing commercial operations.
thespaceshipcompany.com/virgin-galactic-acquires-full-ownership-of-the-spaceship-company-october-5-2012/
Needless to say i'm not sure who all the owners are since on CNBC they said a major airline owns 49%, possibly a major airline bought the Aabar stake.
Also heard Trump will be helping the airlines out financially.
Then I found this:
Investors
After a claimed investment by Virgin Group of US$100 million,[52] in 2010 the sovereign wealth fund of Abu Dhabi, Aabar Investments group, acquired a 31.8% stake in Virgin Galactic for US$280 million, receiving exclusive regional rights to launch tourism and scientific research space flights from the United Arab Emirates capital.[52] In July 2011, Aabar invested a further US$100 million to develop a program to launch small satellites into low Earth orbit, raising their equity share to 37.8%.[53] Virgin announced in June 2014 that they were in talks with Google about the injection of capital to fund both development and operations.[54] The New Mexico government has invested approaching $200m (£121m) in the Spaceport America facility, for which Virgin Galactic is the anchor tenant; other commercial space companies also use the site.
On Monday 28 October 2019, Virgin Galactic listed into the New York Stock Exchange, trading under the ticker symbol 'SPCE'. Public investors can buy the stock of the company. It is the first and only publicly traded commercial human spaceflight company.[55]
.
en.wikipedia.org/wiki/Virgin_Galactic
Then I found this:
October 05, 2012 (this date is after the Aabar invetments.
VIRGIN GALACTIC ACQUIRES FULL OWNERSHIP OF THE SPACESHIP COMPANY
Virgin Galactic acquires full ownership of The Spaceship Company
Mojave, CA. – Virgin Galactic, the world’s first commercial spaceline, today announced that it has taken 100% ownership of its sister company, The Spaceship Company (TSC), by acquiring the 30% stake held by Scaled Composites (Scaled) since TSC’s formation under a joint venture with Virgin Galactic.
This acquisition, details of which are not being disclosed, marks the successful completion of a long-term strategy and signifies the end of the first phase of TSC’s development. During this development phase, TSC completed the build out of manufacturing and assembly facilities in Mojave, CA, established a specialized workforce and transitioned necessary assets from Scaled in order to begin building Virgin Galactic’s commercial fleet of WhiteKnightTwo (WK2) carrier aircraft and SpaceShipTwo (SS2) manned sub-orbital spacecraft. These vehicles will be utilized for Virgin Galactic’s planned spaceline operations which will be based at Spaceport America in southern New Mexico.
The completion of the acquisition comes as Virgin Galactic and Scaled begin to plan the handover of the SS2 development program to Virgin Galactic, with Scaled remaining fully committed to the final portion of the WK2 and SS2 test flight programs prior to Virgin Galactic commencing commercial operations.
thespaceshipcompany.com/virgin-galactic-acquires-full-ownership-of-the-spaceship-company-october-5-2012/
Needless to say i'm not sure who all the owners are since on CNBC they said a major airline owns 49%, possibly a major airline bought the Aabar stake.
