Alaska Airlines and United Airlines are grounding Boeing 737 Max 9 aircraft for government-ordered inspections. If that disrupts a flight you have planned, the airlines will rebook you without fees or, in some cases, refund your fare if you cancel.
The new update offers a quick look at the timeline.
“Once this corrective work has been implemented and verified, we will confirm our pre-flight timeline for the next test flight and share expected dates for when the flight window will open,” the company said.
Virgin Galactic listed the completion of SpaceShipTwo Unity’s test flight program and welcoming a second spaceship to its fleet as upcoming events for 2021 in a Christmas Eve tweet.
Benzinga’s Take: Shares of Virgin Galactic fell by a double-digit percentage after the December test flight returned home early.
Virgin Galactic has strong customer interest and is one of a few publicly traded space pure-play stocks.
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Another space-related SPAC deal was announced Wednesday morning, with space mobility company AST & Science LLC announcing a merger.
The SPAC Deal: AST announced it s merging with
New Providence Acquisition Corp (NASDAQ: NPA).
The deal is being done at a post-transaction enterprise valuation of $1.4 billion. Investors in the PIPE include Rakuten,
Vodafone Group (NASDAQ: VOD), Samsung,
American Tower Corporation (NYSE: AMT) and
UBS Group (NYSE: UBS).
The merger is expected to close in the first quarter of 2021, with shares trading under the new ticker ASTS on the Nasdaq.
Existing shareholders of New Providence Acquisition will own 16% of the company. AST founder Abel Avellan will own 43% of the new company.