During this year’s G7 summit, Japan announced its vision of creating a LNG market to meet increasing energy demand. Natural resource markets are a foundation for trade and economic development. What is less well known is the close link between the natural resource markets and the currency markets.
Virgin Galactic is a space travel company that went public in 2019 through a reverse merger with Chamath Palihapitiya’s SPAC. It recently successfully completed its test flight with its founder Sir Richard Branson. Branson became the first billionaire to reach space. However, SPCE stock tumbled despite the successful light. It was likely due to the $500 million share issuance announced by the company. Being a pre-revenue company, which is burning cash, SPCE needs to raise cash. SPCE stock is now down almost 47% from the peaks and has a market cap of around $8 billion. Wall Street analysts are bullish on the stock and its median target price of $41 is a premium of 23% over current prices. Earlier this month, Cowen raised its target price on SPCE to a street high of $51. “We are more positive about the prospects of a successful commercial spaceflight program in 2022. Visibility, marketing programs, and ticket sales should support valuation,” it said in the release. Analyst Oliver Chen listed “Potential delays with the remaining test flights, technical issues that may potentially emerge from test flights, SPCE’s inability to achieve profitability, any safety-related problems or technical mishaps, and higher competition
The Czech Republic will be up against Denmark in an alluring matchup of underdogs in the quarterfinals of the UEFA European Championship 2020 on Saturday at the Baku Olympic Stadium in Azerbaijan. Both Czech Republic and Denmark have surpassed fans as well football pundits’ expectations by reaching the last 8 of the prestigious event. The […]
The “BET Awards: Year of the Black Woman” will air on BET on Saturday, June 26. The one-hour special will showcase some of the women expected at the event, including Megan Thee Stallion, Taraji P. Henson, Jazmine Sullivan, H.E.R., City Girls and Andra Day. The “BET Awards 2021,” will air on Sunday. The host The […]
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