Virgin Orbit's "Cosmic Girl," a retrofitted Boeing 747 plane, is scheduled for a horizontal launch into orbit Monday night from the United Kingdom's Spaceport Cornwall. The mission, dubbed Start Me Up, is the first orbital launch in both the UK and Western Europe. It's also the culmination of a yearslong effort by the country to enter the modern space race.
Cosmic Girl has a payload of nine small satellites from several customers, including the U.S. Naval Research Laboratory, the U.K. Ministry of Defence, and the government of Oman.
Don't expect the same fanfare as some recent space launches. Horizontal space launches are generally more seamless. Cosmic Girl will take off like a normal plane, fly to around 35,000 feet above the southern coast of Ireland, and then deploy the LauncherOne rocket.
The LauncherOne is a so-called air-launched rocket. Launched from a carrier aircraft at high altitudes, the rocket is able to deliver small payloads of satellites into orbit. Virgin Orbit developed the concept over years, and started putting it into use in 2021.
Ian Annett, deputy chief executive at the UK Space Agency, has heralded the launch as an "iconic moment" — though it's not technically England's first. The agency completed a mission, called the Black Arrow, back in 1971, but the launch actually took place in Australia.
This is Virgin Orbit's sixth launch. The private space company had initially planned six for 2022, but lowered its forecast amid financial troubles. The company recently announced plans to raise $25 million to refill its shrinking cash reserves.
The airlines announced the cuts Tuesday morning after markets suffered their biggest drop since the 2008 recession. The shock came as demand for flights sunk worldwide.
These are the headlines you Need 2 Know for Tuesday, March 10, 2020.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades.
Officials at the World Health Organization said Monday that of about 80,000 people who have been sickened by COVID-19 in China, more than 70 percent have recovered and been discharged from hospitals.
Stocks are falling sharply Monday on Wall Street on a combination of coronavirus fears and plunging oil prices, triggering a brief, automatic halt in trading to let investors catch their breath.
Lenore Hawkins, chief macro strategist for Tamatica Research, told Cheddar that the combination of the COVID-19 outbreak and the oil price war between Saudi Arabia and Russia is an unprecedented set of circumstances for investors.
The Dow Jones Industrial Average plummeted 1,500 points, or 6%, following similar drops in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
These are the headlines you Need 2 Know for Monday, March 9, 2020.
MindMed became the first publicly listed psychedelics company in the world after kicking off trading on the Canadian stock exchange NEO this week.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
