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We will report back to the market next week with an update on schedule implications to our next flight, Moses said. The space tourism company reported an adjusted EBITDA loss of $55.9 million, down slightly from a loss of $59.5 million in the previous quarter and below the adjusted EBITDA loss of $63.6 million expected by analysts surveyed by FactSet. The company booked zero dollars of revenue in the quarter, as it did in the prior quarter. Virgin Galactic had about $617 million in cash on hand at the end of the first quarter, down from about $666 million in the fourth quarter. Shares of Virgin Galactic fell more than 7% in after hours trading, having closed down 8% at $17.95 a share on Monday. ....
Space technology sector SPAC deals take off in first quarter It marks a watershed moment, and a belief that the transformative potential of SpaceTech is now becoming accepted within the investment community said Seraphim Capital The space technology industry saw an acceleration in the number of announced mergers with special-purpose acquisition companies (SPACs) so far in 2021, with 11 space-related companies announcing they are coming to market via deals with blank check vehicles. In total, the first quarter has seen US$7.2bn of intended funding for the space sector, compared to US$7.7bn for the whole of last year, according to research by Seraphim Capital, which managed the Seraphim SpaceTech Index. ....
Space technology sector SPAC deals take off in first quarter proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
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