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The special-purpose acquisition company poised to take stratospheric balloon startup World View public is now under official deadline as shareholders voted to again push back the date by which it must complete the deal. World View, which was founded a decade ago, was originally focused on using a fleet of stratospheric balloons to provide space tourism experiences. In that presentation, World View says that it has conducted more than 115 stratospheric flights, with current and past customers including NASA, the U.S. Air Force, and Sierra Nevada Corporation.
Richard Branson's Virgin Galactic space tourism firm plans to lay off about 18% of its employees as it faces turbulent headwinds in the capital markets, the company says.
Operator: Thank you for standing by. My name is Eric and I will be your conference operator today. At this time, I would like to welcome everyone to the Rocket Lab Q3 2023 Earnings Call.
A higher interest rate environment is prompting capital intensive space-related companies to lower costs and devise ways to survive for what could be turbulent times ahead.