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With an official agreement inked last week, the Federal Aviation Administration (FAA) just cleared billionaire Richard Branson’s commercial space flight company, Virgin Galactic, for takeoff.
“The agreement provides procedures for the safe integration of commercial, licensed space launch operations into the National Airspace System from Spaceport America,” according to Virgin Galactic’s statement.
So far, Branson has accepted applications from about 580 people to fly aboard the vessel, SpaceShipTwo.
Tickets cost $250,000 apiece.
The mission promises to cross the “Karman Line,” a theoretical boundary 100 kilometers above the Earth that the International Aeronautical Federation considers to be outer space.
Branson and his family plan to be on the first flight, which will leave from “Spaceport,” an 18,000-acre “spaceway” in New Mexico.
Spaceport was specifically built to be the home of commercial space missions.
The FAA will work with local air traffic control to clear airspace.
Virgin Galactic hasn’t released an official date yet for SpaceShipTwo’s inaugural mission.
Nonetheless, since another key obstacle has been removed, I just asked my Wall Street Daily team of analysts to begin deconstructing SpaceShipTwo’s technology.
Specifically, I want to know exactly which companies are actively contributing to the manufacturing process. Particularly the companies that are doing the innovating.
Reason being, I expect the market to bestow at least a 40% premium to any company whose parts make it aboard the first flight.
Can you imagine the hype this event is going to receive?
Although it’s early on, my analysts have started deconstructing the engine.
The fuel is a type of thermoplastic called polyamide that was developed by Mojave, California-based Scaled Composites, which is a privately held company.
The vehicle’s hybrid engine is manufactured by Sierra Nevada, which is also a privately held company.
Undoubtedly, as more details come to light, we’ll find publicly traded companies contributing to both Sierra Nevada’s and Scaled Composites’ efforts.
Onward and Upward,
Founder, Wall Street Daily
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