Virgin Galactic Holdings ( SPCE ) on Thursday filed a $40.2 million mixed securities shelf registration to maintain its existing at-the-market offering program. This registration replaces a previous 2023 shelf that is set to expire on June 22, 2026, according to a filing . The stock was up 1.7% in extended trading. More on Virgin Galactic Virgin Galactic Holdings, Inc. (SPCE) Q1 2026 Earnings Call...
Virgin Galactic Holdings ( SPCE ) on Thursday filed a $40.2 million mixed securities shelf registration to maintain its existing at-the-market offering program. This registration replaces a previous 2023 shelf that is set to expire on June 22, 2026, according to a filing . The stock was up 1.7% in extended trading. More on Virgin Galactic Virgin Galactic Holdings, Inc. (SPCE) Q1 2026 Earnings Call Transcript Virgin Galactic Holdings, Inc. 2025 Q4 - Results - Earnings Call Presentation Virgin Galactic: The Clock Is Ticking, But The Execution Gap Is Narrowing (Upgrade) Virgin Galactic outlines 4 flights per month in January 2027 and targets 8 flights per month by Q2 2027 as $750,000 tranche nears close in Q3 Virgin Galactic GAAP EPS of -$0.81 beats by $0.19, revenue of $0.23M misses by $0.01M
The race for the commercialization and first deployment of electric vertical takeoff and landing (eVTOL) aircraft is accelerating in 2026. And in the U.S., two companies are spearheading it: Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR) . Both companies are nearing completion of the Federal Aviation Administration (FAA) four-stage type certification process. Archer has just completed...
The race for the commercialization and first deployment of electric vertical takeoff and landing (eVTOL) aircraft is accelerating in 2026. And in the U.S., two companies are spearheading it: Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR) . Both companies are nearing completion of the Federal Aviation Administration (FAA) four-stage type certification process. Archer has just completed the third stage, becoming the first U.S. eVTOL company to do so, while Joby has flown its first FAA-conforming aircraft for Type Inspection Authorization, a major step in the final stage of this process. Both companies also expect to begin U.S. operations in 2026 under a White House program, which could bring them closer to putting paying passengers in the air. Continue reading
With hundreds of billions in sales on the line for drugs that will lose their patent exclusivity in the coming years, two biotech ETFs can help capitalize.
With hundreds of billions in sales on the line for drugs that will lose their patent exclusivity in the coming years, two biotech ETFs can help capitalize.
tadamichi Asian equities traded mostly lower on Friday as geopolitical caution overshadowed earlier market momentum. Investor risk appetite cooled sharply following the Beijing summit, where President Xi warned President Trump that tensions over Taiwan could lead to direct clashes between the U.S. and China. Gold prices weakened toward $4,600 an ounce on Friday and were on track to fall about 2% f...
tadamichi Asian equities traded mostly lower on Friday as geopolitical caution overshadowed earlier market momentum. Investor risk appetite cooled sharply following the Beijing summit, where President Xi warned President Trump that tensions over Taiwan could lead to direct clashes between the U.S. and China. Gold prices weakened toward $4,600 an ounce on Friday and were on track to fall about 2% for the week. WTI crude futures rose above $102 per barrel on Friday and were on track to rise more than 7% for the week. The benchmark KOSPI fell more than 3% to around 7,700 on Friday, retreating from record highs near 8,000. Japan's ( NKY:IND ) fell 2.41% to below 61,700, while the broader Topix Index slipped 0.5% to 3,860 on Friday. The Japanese yen weakened to around 158.5 per dollar on Friday and was set to post a weekly loss of more than 1%. Japan’s producer prices rose 4.9% y/y in April 2026 , accelerating from an upwardly revised 2.9% increase in the prior month and exceeding market estimates of 3%. China's ( SHCOMP ) fell 0.98% to 4,140 on Friday, while the Shenzhen Component dropped 1.1% to 15,565, extending losses from the previous session, and the offshore yuan fell to around $0.72, easing from its recent four-year peak and heading for a roughly 0.6% weekly loss. Beijing expressed during the U. S.-China summit that it wants the Strait of Hormuz to stay open without any tolls or military control, according to U. S. Trade Representative Jamieson Greer. Hong Kong ( HSI ) fell 1.91% to 26,180 on Friday, retreating after ending flat in the previous session. India ( SENSEX ) rose 0.49% to 75,741 on Friday, marking a third straight session of gains. Passenger vehicle sales in India increased 2.5% year-on-year in April 2026, slowing sharply from 14.1% growth in the previous month to 378,312 units. Australia ( AS51 ) fell 0.29%. The Australian dollar rose to 8,673 in Friday’s morning session, marking gains for a second day. In the U.S. on Thursday, all three major indexe...
Hiroshi Watanabe/DigitalVision via Getty Images Snowflake Overview Much has been said about Snowflake's ( SNOW ) valuation, but other than citing valuation multiples, I've noticed that few have put their finger on what Snowflake's valuation actually implies about forward expectations. Clearly, expectations are high, and they should be to some extent. This is a company, after all, growing revenue a...
Hiroshi Watanabe/DigitalVision via Getty Images Snowflake Overview Much has been said about Snowflake's ( SNOW ) valuation, but other than citing valuation multiples, I've noticed that few have put their finger on what Snowflake's valuation actually implies about forward expectations. Clearly, expectations are high, and they should be to some extent. This is a company, after all, growing revenue around 30% Y/Y with free cash flow margins in the low-to-mid 20s. Further, it competes in a market that has structural tailwinds and is positioned for long-term growth. In the paragraphs that follow, I walk readers through my valuation methodology. I end up conceding that while Snowflake's forward assumptions are optimistic, they don't have the appearance of being totally unrealistic. This merits a bullish stance, so long as the business continues to execute. Financial Trends First, I like to establish how a business has performed in the past. I do this by inputting the last eight quarters of financial trends. The outputs create visuals that tell stories. Image 1: SNOW financial trends. Data derived from Seeking Alpha (Author's Compilation) So, what sticks out when I look at Snowflake's financial trends? Well, I see a business with strong and accelerating revenue growth. In the past eight quarters, Snowflake's revenue growth rate has averaged 29.1%. This inched up, again, over 30% last quarter. Gross margin, EBITDA margin, and free cash flow margin are all improving. One concern is stock-based compensation intensity. But as Snowflake scales its revenues, the proportion of stock-based compensation to revenue dropped to 31.4% in Q4. Still, diluted share count growth of 3% Y/Y remains a deteriorating trend to watch, and I'm also very interested in finding out why Snowflake's SG&A burden jumped in Q4. Valuation Assumptions I built a discounted cash flow model that primarily focuses on revenue growth and free cash flow margin. By adjusting the inputs and arriving at the current s...
Ensemble Modern/Gruber/Giunta/Amarcord (Ensemble Modern Media) From Hindemith’s jazz-age energy to Schoenberg’s existential angst, and Kurt Weill’s biting satire to Korngold’s neo-Romanticism, this lively recording is a perfect example of the kind of music the Nazis couldn’t abide. If this live recording from Ensemble Modern and HK Gruber represents an eclectic snapshot of musical Germany between ...
Ensemble Modern/Gruber/Giunta/Amarcord (Ensemble Modern Media) From Hindemith’s jazz-age energy to Schoenberg’s existential angst, and Kurt Weill’s biting satire to Korngold’s neo-Romanticism, this lively recording is a perfect example of the kind of music the Nazis couldn’t abide. If this live recording from Ensemble Modern and HK Gruber represents an eclectic snapshot of musical Germany between 1920 and 1933, it’s also a perfect example of the kind of thing the Nazis couldn’t abide. “Too modern, too jazzy, too Jewish,” they cried. No surprise then that all four composers ultimately wound up in the United States. Premiered in 1922, Hindemith’s Kammermusik No 1 was condemned by one critic as having “a lewdness and frivolity only possible for a very special kind of composer”. Gruber embraces its neo-classical spikiness and jazz-age energy in a performance of almost cartoonish glee. Korngold, as epitomised by his 1920 music for Shakespeare’s Much Ado About Nothing, is Hindemith’s polar opposite. In a lively reading, Gruber leavens the composer’s Viennese neo-Romanticism with a pinch of acerbic wit. Continue reading...
In this week’s newsletter: The public stranding of a young humpback exposes tensions between animal rights activism and other choices around biodiversity • Don’t get Down to Earth delivered to your inbox? Sign up here Timmy the whale is lost at sea , presumed dead. In normal circumstances, the loss of a young humpback whale would be a sad yet unremarkable part of the circle of life. Dead whales he...
In this week’s newsletter: The public stranding of a young humpback exposes tensions between animal rights activism and other choices around biodiversity • Don’t get Down to Earth delivered to your inbox? Sign up here Timmy the whale is lost at sea , presumed dead. In normal circumstances, the loss of a young humpback whale would be a sad yet unremarkable part of the circle of life. Dead whales help sustain thousands of marine species – and are part of the global carbon cycle. Smuggled in syringes: how Nairobi became a nexus for the black market in giant harvester ants Don’t reach for the bug spray: scientists find insects may feel pain after crickets nurse sore antennae Labour must fulfil promise to introduce clean air act, charities urge Continue reading...
Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affected The owner of WH Smith’s former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become “postal deserts”. TG Jones operates 180 post offices and it is ...
Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affected The owner of WH Smith’s former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become “postal deserts”. TG Jones operates 180 post offices and it is understood that as many as 60 could be closed under a restructuring plan by Modella, the private equity group that renamed the WH Smith high street chain as TG Jones after buying it last year . Continue reading...