Latest news with #Delta-class
Business Insider
2 days ago
- Business
- Business Insider
Is Virgin Galactic (SPCE) a Good Stock to Buy before Earnings?
Aerospace company Virgin Galactic Holdings (SPCE) is set to announce its second-quarter 2025 earnings after the market closes on August 6. Analysts are expecting earnings per share to come in at -$2.34 on revenue of $450,000. This compares to last year's EPS and revenue figures of -$4.36 and $3.36 million, respectively. These low figures are due to the company pausing its spaceflights in order to focus on building its next-generation Delta-class spacecraft. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Interestingly, though, it is worth noting that Virgin Galactic has seen its EPS figure trend higher during the past eight quarters, which has led to a winning streak in terms of earnings beats despite making no progress when it comes to revenue growth. This can be mostly attributable to falling operating expenses, such as research and development, as well as selling, general, and administration costs. However, cutting costs by itself will not be enough for the company to sustain itself due to its insignificant amount of revenue relative to its massive cash burn rate. Furthermore, the firm has never turned a profit since going public in 2019, and its stock has dropped more than 34% over the past year. Still, Virgin Galactic believes that its Delta-class spaceship could generate $450 million in annual revenue with strong profit margins when it launches commercially in 2026. Options Traders Anticipate a Large Move Using TipRanks' Options tool, we can see that options traders are expecting a 17.4% move from SPCE stock in either direction right after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. It is worth noting that SPCE's after-earnings price moves in the past 12 quarters have mostly been smaller than the 17.4% that is expected. This implies that current option prices might be overvalued. Is SPCE Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on SPCE stock based on two Buys and two Holds assigned in the past three months, as indicated by the graphic below. Furthermore, the average SPCE price target of $4.69 per share implies 21% upside potential.
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First Post
7 days ago
- General
- First Post
Did Russia's Kamchatka earthquake cause damage to nuclear submarine base?
The massive earthquake in Russia's Kamchatka region caused panic across the world. However, there are concerns that the earthquake may have damaged a Russian naval base and the nuclear submarines it houses. Here's what we know read more Tsunami waves flood an area after a powerful magnitude 8.8 earthquake struck off Russia's far eastern Kamchatka Peninsula, in Severo-Kurilsk, Sakhalin Region, Russia. Reuters The earthquake in Russia, one of the most powerful ever recorded in modern history, sent alarm bells ringing across the world. However, there are concerns that t he earthquake may have damaged a nuclear submarine base, and possibly the vessels inside. That's what some are worried about in the aftermath of the 8.8 magnitude quake that struck the Kamchatka region in Russia's far east. But what happened? What do we know? Let's take a closer look. STORY CONTINUES BELOW THIS AD What happened? The tsunami waves triggered by the massive quake seem to have damaged Russia's Rybachiy base, according to satellite images of the region. The base in Avacha Bay, located on the Kamchatka Peninsula, is home to almost the entire fleet of nuclear submarines that Russia has stationed in the Pacific. Russia's Navy's new Borei-class and Soviet-era Delta-class nuclear submarines are housed here. Russia's Yasen-M and Oscar-class guided missile submarines are also said to be stationed there. The K-329 Belgorod, the world's longest submarine, is also believed to be docked or operating in the area. This is just over a hundred kilometers from the location where the quake struck. Remember, the Russian quake is among the ten strongest tremors in recorded history. It sent tsunami waves all the way across the Pacific — to Hawaii, Alaska, and the west coast of America—traveling at the speed of a jet airplane. Images show that a section of one pier has twisted out of its original position. This was revealed by images captured by the Umbra Space satellite, which uses synthetic aperture radar (SAR) to peer through the clouds. Russia's President Vladimir Putin attends a ceremony to launch a nuclear-powered submarine project in Murmansk on March 27. AFP Thankfully, the images do not show a submarine at the pier at the time of the impact. Photos taken earlier in July show at least one submarine docked along the pier. The Petropavlovsk-Kamchatsky naval base, as well as separate missile-loading and shipyard facilities, are also nearby. STORY CONTINUES BELOW THIS AD The Severo-Kurilsk Port, which is twice as far from the epicenter of the quake as Avacha Bay, has been heavily damaged. Images on social media also showed damage to other buildings in Kamchatka. The earthquake is said to have struck at a depth of around 20 kilometers, approximately 120 kilometers off the coast of Petropavlovsk-Kamchatsky. The regional capital is home to around 180,000 people. Despite its intensity, there have been no reports of deaths. What is Russia saying? Authorities have called the latest quake a 'remarkable event.' However, they have downplayed reports about any damage. The Russian Defence Ministry has said that the 'situation remains under control' and that 'no damage' has been reported at any of its military installations. This includes naval bases. A retired Russian Navy officer has said there was zero information about 'critical damage to the Russian Navy's naval bases in Kamchatka.' He added that these bases were designed to withstand a nuclear attack. Experts say there is no real evidence that the nuclear submarines themselves have been damaged. It also remains unclear whether any submarines were docked at the pier at the time the earthquake struck. They say the bay's natural geography may have protected the submarines and limited potential damage. STORY CONTINUES BELOW THIS AD But this hasn't stopped experts from expressing concern. They say submarines undergoing major maintenance would have been left extremely vulnerable. Even a minor wave could cause a submarine to hit its mooring, they explain. Tom Sharpe, a retired Royal Navy commander, told The Telegraph that the pier was left at a 'terrible angle.' 'If the base assumption is that a wave got in there and bent that jetty, then yes—what else did it do?' Sharpe wondered. He was among the experts questioning the wisdom of concentrating all such nuclear assets at a single base. 'This is why having multiple bases is a good idea—because you never know when you're going to get rogered by something you haven't seen coming,' Sharpe added. With inputs from agencies
NDTV
31-07-2025
- Politics
- NDTV
Epicentre Of Huge 8.8 Earthquake Was Close To Russian Nuclear Submarine Base, Concerns Raised
Concerns have been raised after a magnitude 8.8 earthquake jolted Russia's Far Eastern Kamchatka coast on Wednesday (July 30), with its epicentre being alarmingly close to the Avacha Bay, home to some of the Russian Navy's most strategic nuclear submarines. The massive earthquake triggered tsunami warnings in regions as far away as French Polynesia and Chile in the Pacific. It was followed by an eruption of Klyuchevskaya Sopka volcano on the peninsula. Despite being one of the strongest earthquakes in recorded history, the quake only damaged buildings and injured several people in the remote region, according to Russian authorities. Experts have claimed that aftershocks might hit the region as Japan's eastern seaboard was ordered to evacuate, and also parts of Hawaii. Concerns Raised For Avacha Bay According to media reports, the Rybachiy submarine base within Avacha Bay houses Russia's nuclear ballistic missile submarines, including Borei and Delta-class submarines, which are crucial for Moscow's nuclear deterrence and strategic military capabilities. Separate missile loading and shipyard facilities are also there. The War Zone reported that the naval bases in Avacha Bay have nuclear-powered, but conventionally-armed Yasen-M and Oscar-class guided missile submarines, or SSGNs. Of significance is the proximity of the epicenter to the Russian Pacific Fleet submarine bases around Petropavlovsk-Kamchatskiy, Rybachiy and Vilyuchinsk. Just 65 nautical miles. 2/ — Evergreen Intel (@vcdgf555) July 30, 2025 Wonder how the 🇷🇺sub piers and ammo loading piers are doing at Rybachiy/Vilyuchinsk after the 8.8 magnitude earth struck ~70 miles offshore about 20 min ago... — MT Anderson (@MT_Anderson) July 30, 2025 Also Read | Oprah Winfrey Faces Backlash Over Claims Of Not Opening Private Road For Tsunami Evacuation Russian scientists said that the quake was the most powerful to hit the region since 1952. The U.S. Geological Survey said it was shallow, at a depth of 19.3 km (12 miles), and centred 119 km (74 miles) east-southeast of Petropavlovsk-Kamchatsky, a city of 165,000. Experts are concerned about potential damage to the submarines and the base's infrastructure due to the earthquake and tsunami. Even if the base is designed to withstand nuclear blasts and natural disasters, repeated seismic activity could compromise its structural integrity over time. "I have no information that critical damage to the Russian Navy's naval bases in Kamchatka. I think everything is within the normal range," a retired Russian Navy officer who maintains close contacts with active service members, and goes by @Capt_Navy on X, told The War Zone. "These bases were designed and built with the possibility of a nuclear attack by the enemy in mind." Russia's official statement mentioned that there were no serious consequences, but still, international experts remain sceptical due to limited independent verification. What submarines were present in Avacha Bay when the earthquake occurred is unclear. As per the report, military analysts are now studying satellite images of the region to get better insights.
Daily Mirror
31-07-2025
- Politics
- Daily Mirror
Mystery surrounds state of Russian nuclear sub base after major earthquake
The quake rocked Russia's far eastern Kamchatka Peninsula - just 75 miles from a cluster of key Russian naval bases known to store Borei and Delta-class ballistic missile submarines Questions are mounting over the state of a Russian nuclear base located alarmingly close to the epicentre of an 8.8-magnitude earthquake that struck the far east on Wednesday. The quake rocked Russia 's Kamchatka Peninsula - just 75 miles from a cluster of key Russian naval bases known to store Borei and Delta-class ballistic missile submarines. It comes after Putin warns of nuclear war after unleashing another night of hell on Ukraine Questions are now swirling about any damage that the Rybachiy submarine base may have suffered, although Russian authorities insist the situation is under control. Wednesday's earthquake is tied for the sixth strongest in history, according to data from the US Geological Survey. It sent tsunami waves into Japan, Hawaii and the US West Coast, with waves of up to four metres high recorded in Kamchatka - and "a descent of burning hot lava" sent flowing down the Klyuchevskoy volcano, which erupted just hours after the quake hit. Posting to X, one retired Russian Navy officer suggested the nuclear base in Russia's far east would have been built to endure such force. Capt_Navy wrote: "I have no information that critical damage to the Russian Navy's naval bases in Kamchatka. I think everything is within the normal range. These bases were designed and built with the possibility of a nuclear attack by the enemy in mind." The submarine base is known to house most of Russia's modern Borei and Borei-A class nuclear ballistic missile submarines, as well as the older Delta III-class Ryazan (K-44). While there has been no reports of destruction at the site, several buildings in Kamchatka suffered extensive damage as a result of the earthquake, which also saw ports and roads ripped apart. In Petropavlovsk-Kamchatskiy, another key naval hub, a kindergarten collapsed and several people were injured, Russian officials said. Oleg Melnikov, the regional health minister, explained: "Unfortunately, there are some people injured during the seismic event. Some were hurt while running outside, and one patient jumped out of a window. A woman was also injured inside the new airport terminal." Yesterday, the Foreign Office updated its travel guidance for 15 countries, warning Brits in affected regions to evacuate and relocate to higher ground. "If you are in the affected areas potentially affected by the earthquake or tsunami you should follow the advice of the local authorities," it added. Russian authorities have declared the tsunami threat to be over, but have warned about the risks still posed by aftershocks.
Yahoo
14-06-2025
- Business
- Yahoo
Virgin Galactic on track to start launching customers again in 2026, but seat prices will rise
When you buy through links on our articles, Future and its syndication partners may earn a commission. Virgin Galactic's spaceflight drought will last just about two years, if all goes according to plan. The suborbital space tourism company last went to the final frontier in June 2024, on the final flight of its VSS Unity space plane. Virgin retired Unity to focus on developing its new, more efficient "Delta class" vehicles — and the first of those advanced, six-passenger ships remains on track to debut next year, according to the company. "An enormous amount of work is taking place across our company, as well as at our key suppliers," Virgin Galactic CEO Michael Colglazier said during an earnings call with investors on May 15. "We continue to expect our first [Delta] research spaceflight will take place in summer of 2026, with private astronaut flights following in fall of 2026." That call, which reported Virgin Galactic's financial results for the first quarter of 2025, provided a number of other updates as well. For example, Colglazier said the company — which currently has about 675 customers on its manifest — plans to start accepting flight reservations again in the first quarter of 2026. New customers will be brought onboard via a new "highly bespoke education sales process" that will feature distinct "waves." "This approach has several intended benefits for customers," Colglazier said. "Tailoring the number of new arrivals into our future astronaut community during each wave allows us to provide a white-glove onboarding experience that will form the foundation of each customer's journey to space. From a yield-management perspective, this allows us to adjust our pricing wave by wave." Ticket prices have not yet been set, though it's expected to be higher than the $600,000 that the most recent customers paid, he added. Virgin Galactic is currently building two Delta-class ships but plans to expand the fleet over time. The company will be quite busy once the first one comes online. Each of the new space planes is designed to fly twice per week, Colglazier said — a big leap in cadence over VSS Unity, which flew seven commercial passenger missions from June 2023 until its retirement a year later. Virgin Galactic employs an air-launch strategy. Like VSS Unity, each Delta ship will lift off from a runway beneath the wings of a large carrier aircraft, which will drop the space plane at altitude. The spaceship will then ignite its onboard rocket motor, powering its own way to suborbital space, and come back down to Earth for a landing on the same runway from which it took off. In last quarter's earnings call, Virgin Galactic mentioned the possibility of making the carrier aircraft a multipurpose vehicle — using it to haul something other than a space plane into the sky. Over the past few months, the company has continued investigating this potential vehicle variant, which it calls HALE ("High Altitude Long Endurance")-Heavy. "Since last quarter, we've connected with leaders within the Department of Defense, national laboratories and aerospace and defense companies to ascertain the potential product market fit of our carrier aircraft capabilities with government customer needs," Colglazier said. "We've been encouraged by initial feedback, which has identified both existing and emerging missions that could potentially benefit from access to HALE-Heavy support aircraft," he added. "Examples of these missions could include airborne research and development testing; intelligence, surveillance and reconnaissance support; command and control node capabilities; and multiple opportunities within the emerging Golden Dome [missile defense] initiative." Related stories: — Who is Virgin Galactic and what do they do? — Virgin Galactic announces international crew for flight on new Delta class space plane — Virgin Galactic launches VSS Unity space plane on final suborbital spaceflight with crew of 6 (photos, video) To date, all of Virgin Galactic's suborbital missions have lifted off from Spaceport America in New Mexico. But the company is looking to fly from a second site as well, likely in either Europe or the Middle East. Virgin Galactic is making progress on this goal as well, Colglazier said during the May 15 call. "We are midway through our feasibility assessment with the Italian government for a spaceport in southern Italy," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
