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Virgin Galactic (
SPCE) - Get Report shares soared on Monday, climbing as much as 36% in premarket trading, after the company successfully completed its first space flight in more than two years, taking it a step closer to offering regular commercial trips into outer space.
The successful mission not only provided revenue-generating scientific research experiments for NASA, it also collected key data for the Federal Aviation Administration - something Virgin Galactic needs to gain a federal commercial reusable spacecraft operator’s license.
“We view this event as a major milestone,” Truist Securities analyst Michael Ciarmoli said in a research note, adding that the flight enables the company to commence revenue generating commercial flights in early 2022.
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Author:
IBM (
IBM) - Get Report said this past week that it has developed a microchip with 2-nanometer transistors, a move that could lead to better-performing phones and computers. The smaller transistors enable faster calculations using less power, the company said in a statement.
“When we experience that the phone gets better, the cars get better, the computers get better, it is because behind the scenes, the transistor got better and we have more transistors available in our chips,” Gil added.