Free Float Trading/ Portfolio Development/ Index Stategies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: dvdw©	7/22/2007 6:36:22 AM
	of 3821

Now Here is one that is very interesting; I've long thought about companies like Northrup taking the lead in privitising Space, will this be the first step towards the great new race? Or a step back into inertia of control units, giving the appearance of interest while constantly dragging the feet. I would bet 50 % odds that this news is designed to slow the movement down. Hope i am wrong. WASHINGTON - Northrop Grumman Corp. agreed July 5 to increase its stake in Scaled Composites - the builder of the Ansari X-Prize Cup-winning SpaceShipOne and a host of record-breaking aircraft - from 40 percent to 100 percent, Northrop Grumman spokesman Dan McClain confirmed July 20. McClain, who declined to disclose the value of the deal, said the company expects it to close in August pending regulatory approval by the U.S. Department of Justice. Scaled Composites currently is working with Sir Richard Branson's Virgin Galactic venture on a vehicle designated for now as SpaceShipTwo, which would carry two pilots and six paying passengers into suborbital space for a few minutes of weightlessness. The company also is building a new carrier aircraft, dubbed WhiteKnight2, that will carry SpaceShipTwo to an altitude of 15 kilometers before releasing it to soar to suborbital space. The two companies last year formed a joint venture called the Spaceship Company to build the new vehicles. Alex Tai, chief operating officer of Virgin Galactic, declined to comment when asked July 20 how the acquisition would affect his company's dealings with Scaled Composites. "I'm afraid I can't provide you with any comment at this stage and I don't think [Scaled Composites] can either," Tai said. Scaled Composites, with the backing of Microsoft cofounder Paul Allen, won the $10 million Ansari X Prize in 2004 when SpaceShipOne was piloted to an altitude just above the internationally recognized border of space twice in a two-week period. VIDEO: Virgin Galactic: Let the Journey Begin VIDEO: How to Build a Tour-Ship for Space Space Tourism: A Multimedia Adventure!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next