Wall Street reacts to Virgin Galactic $SPCE beginning 8-10 month refurbishment period, a thread.

Bank of America: "The company failed to outline how progress will be tracked and communicated to the public throughout the enhancement program."
cnbc.com/2021/10/15/vir…
Bank of America – $SPCE underperform rating, price target to $20 from $25:

"We are uncertain about the company’s ability to forecast such a future and unknown event after the recent failure to call the timing right on a relatively-known short-term event."
cnbc.com/2021/10/15/vir…
Canaccord Genuity – $SPCE buy rating, $48 price target:

"We do not view the swap of Unity 23 from before the maintenance phase to after to be significant for Virgin’s long time-horizon space tourism plans."
cnbc.com/2021/10/15/vir…
Truist – $SPCE buy rating, $50 target:

"In our view this equates to lost momentum in the space tourism race ... Additionally, a general lack of catalysts over the next 12 months could keep the stock range bound."
cnbc.com/2021/10/15/vir…
Jefferies – $SPCE buy rating, $33 target:

"We view these changes as largely timing, with the potential to scale the business unchanged."
cnbc.com/2021/10/15/vir…
Morgan Stanley – $SPCE underweight rating, $25 target:

"The schedule slippage and potential technical issues highlight the inherent risks ... We view it positively that the company is investing in increasing its long-term space flight capacity."
cnbc.com/2021/10/15/vir…
Virgin Galactic $SPCE fell 16.8% in trading today, erasing the stock's gains for 2021 in what has been a wild year of trading:

cnbc.com/2021/10/15/vir…

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More from @thesheetztweetz

15 Oct
Video thread – Hear Inspiration4 commander @rookisaacman describe the orbital spaceflight experience in our recent Q&A: cnbc.com/2021/10/12/spa…

First: Any new takeaways from the crew's debrief at SpaceX HQ?
@rookisaacman How do you describe the feeling of space adaptation syndrome?
@rookisaacman What was the launch experience like?
Read 23 tweets
13 Oct
Liftoff for Blue Origin mission #NS18!

The New Shepard rocket launches into the Texas sky – carrying William Shatner, Audrey Powers, Chris Boshuizen, and Glen de Vries.
cnbc.com/2021/10/13/wat… #BlueOrigin
Onboard view as the BE-3 engine of New Shepard cuts off
#NS18 capsule separation from the booster
Read 17 tweets
13 Oct
Jeff Bezos' Blue Origin is set to launch its second crewed spaceflight this morning – carrying William Shatner, Audrey Powers, Chris Boshuizen, and Glen de Vries.

Watch the livestream here:
cnbc.com/2021/10/13/wat…
The #NS18 crew of four arrived at Blue Origin's astronaut training center earlier this morning to get in their flight suits and prepare to launch:

cnbc.com/2021/10/13/wat…
Blue Origin senior director of New Shepard safety Andrew Lake says there are "a lot of people" at the company that would want to fly on New Shepard, including himself.
Read 38 tweets
6 Oct
NASA is hosting a press conference on SpaceX's Crew-3 mission, including:

@KathyLueders
– Commercial Crew manager Steve Stich
– ISS manager Joel Montalbano,
– SpaceX director of Dragon mission management Sarah Walker
– ESA ISS manager Frank De Winne

Thread: Image
@KathyLueders Lueders, speaking from SpaceX's HQ, says she "just can't believe" this third operational mission is coming just "16 months after Bob and Doug have flown."
Lueders also emphasizes that Kayla Barron is flying her first mission and will be NASA's 68th female astronaut, "once again showing what we can do to further the advancement of females in space."
Read 16 tweets
6 Oct
Hans Koenigsmann officially left SpaceX last week after nearly 20 years, and is now joining the supervisory board of laser communications specialist Mynaric.

I spoke to Hans about his time at the company, his new role, future plans and more. Thread:
@HansKoenigsmann @mynaric @SpaceX Hans was VP of build and flight reliability until earlier this year, before shifting to part time – with former NASA senior official Bill Gerstenmaier having taken the reins as his successor.

He rejoins former SpaceX VP Bulent Altan, the CEO of Mynaric.
@HansKoenigsmann @mynaric @SpaceX Hans, speaking from the cockpit of the Sling TSi aircraft he built this year, explained he's joining Mynaric because "it's a combination of working with an old friend on a new thing" and gives him experience on a company board, which "is something I want to explore."
Read 11 tweets
4 Oct
News – Blue Origin confirms William Shatner is launching on the next crewed New Shepard spaceflight.

The original Star Trek's Captain Kirk is scheduled to liftoff Oct. 12:
cnbc.com/2021/10/04/jef…
.@WilliamShatner will launch alongside Blue Origin VP of mission and flight operations @AudreyKPowers, joining the previously announced crew members @cboshuizen and @CaptainClinical:
cnbc.com/2021/10/04/jef… ImageImage
@WilliamShatner @AudreyKPowers @cboshuizen @CaptainClinical Shatner, at 90, will become the oldest person to fly into space – topping the record set by 82-year-old Wally Funk during Blue Origin's first crewed New Shepard spaceflight.
cnbc.com/2021/10/04/jef…
Read 4 tweets

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