Lifeboat Foundation

Virgin Galactic announced Friday that Chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately.

Palihapitiya’s SPAC, or special purpose acquisition company, took Virgin Galactic public in October 2019. The company’s stock has experienced volatile trading since then – climbing above $60 a share in the months ahead of Sir Richard Branson’s test spaceflight, but recently falling back below its public debut price with the beginning of commercial service delayed more than two years from what the company forecast.

The now-former chairman sold his personal Virgin Galactic stake in early 2021 that was worth over $200 million at the time. But Palihapitiya indirectly owns about 15.8 million shares through Social Capital Hedosophia Holdings.

SpaceX readies Starship.

Tesla needs a major change.

Continue reading “Tesla hit with disturbing racial discrimination allegations… again” »

Jared Isaacman, the billionaire founder of payments company Shift4 who flew on the first private SpaceX flight to orbit last year, has purchased as many as three more flights from Elon Musk’s company.

The first mission in the so-called Polaris Program is set to launch a four-person crew led by Isaacman in the fourth quarter with the company’s Falcon 9 rocket and Crew Dragon spacecraft. According to the program’s website, the augural flight, Polaris Dawn, will be the first of up to three missions, with the final one to be the first crewed spaceflight of SpaceX’s Starship rocket.

“The Polaris Program is an important step in advancing human space exploration while helping to solve problems through the use of innovative technology here on Earth,” Isaacman said in a statement.

Jared Isaacman — the billionaire CEO of payments processing company Shift 4 — is buying three more flights with SpaceX, the first of which is scheduled for this year and could put Isaacman and SpaceX on track to travel deeper into space than any human has traveled in a half century.

The first flight in the series of missions, which are being called “Polaris” after the North Star, is planned for late this year and will last up to five days and include a crew of Isaacman and three other people. It’s expected to travel out to the Van Allen radiation belt, which has an inner band that stretches from about 400 to 6,000 miles above Earth, in part to help the crew research how radiation in space affects the human body. Radiation remains a serious concern for spaceflights to the moon and Mars, as SpaceX says it aims to do, because they would require prolonged exposure to radiation, which can lead to an “increased risk of cancer and degenerative diseases” and other long-term impacts, according to NASA.

When asked on a press call Monday, Isaacman said the Gemini missions of the 20th century, which set altitude records at the time, are a guidepost for how high the first Polaris mission will travel. Gemini missions reached as high as about 850 miles — or about three times higher than where the International Space Station orbits. Isaacman declined to share a specific altitude for the flight.

The Adam Smith Institute (ASI), a neoliberal think tank based in London, UK, has published a new report on property rights in space. It suggests dividing the Moon into regions and privatising it, which the institute believes could help end global poverty.

Space Invaders: Property Rights on the Moon, by economic consultant Rebecca Lowe, argues that creating a clear system of property rights in space could empower all of humanity with a greater stake in space exploration, as well as accelerating scientific discovery.

The Outer Space Treaty of 1967 – of which 111 countries are party to, including all major spacefaring powers – states that space is the “province of all mankind” and shall be freely explored and used by all nations. It precludes any country from claiming sovereignty over outer space or any celestial body, regardless of what national flags are planted on its surface.

“It will obsolesce all existing launch systems”.

Elon Musk recently provided the first big update on SpaceX’s Mars-bound rocket, Starship, and its competitors are watching on with a mix of awe and horror\.

Continue reading “Elon Musk Starship update: What to expect from the major announcement” »

Space tourism company Virgin Galactic announced Tuesday that it will open ticket sales to the public for the first time on Wednesday, requiring a $150,000 deposit.

Virgin Galactic ticket prices start at $450,000 each, as the company revealed last year, with three different sales offerings: a single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company has said previously that — of the $150,000 deposit — $25,000 is not refundable.

Shares of Virgin Galactic jumped 32% in trading to close at $10.74. The stock has been battered over the past 12 months, dropping 80%, with the company having delayed the beginning of commercial spaceflights to late this year.

Tue, Feb 15

Dr. Giada Nichole Arney – Co-deputy PI for the DaVinci mission to Venus.