APRIL 2022 CURRENT MEMBERSHIP 1115 MEMBERS | PERFORMANCE - RIO ARC (GBP) £228.17 +6.64% (1 Year) | RIO ARC (USD) $221.13 +7.60% (1 Year) | RIO REGULAR INVESTMENT ACCOUNT $219.70 +9.27% (1 Year) | RIO REGULAR INVESTMENT ACCOUNT (GBP) £189.39 +9.89% (1 Year) | RIO PLATINUM ACCOUNT £215.46 +3.97% (1 Year) | RIO PLATINUM ACCOUNT (USD) $167.90 + 0.94% (1 Year) | RIO SILVER LINING ACCOUNT $156.60 1.69% (1 Year)

RIO Forbes Articles
Forbes March 2022
Forbes December 2021
Forbes September 2021
Forbes June 2021
Forbes February 2021
Forbes October 2020
Forbes August 2020
Forbes May 2020
Forbes Nov 2019
Forbes May 2019
Forbes July 2018
Forbes August 2017
Forbes June 2016
Forbes July 2014
Forbes March 2012

RIO Press Articles
Globe Asia - Jun 2011
Globe Asia - Currency Wars Nov 2010
Player Magazine - Born Trader 2009

RIO Live Charts
Live Gold Price
Live Silver Price
Live Platinum Price
RIO ARC USD Vs. Live Gold
RIO Silver Lining USD Vs. Live Silver
RIO Platinum USD Vs. Live Platinum
RIO Regular Performance
RIO Currency Concept Performance

RIO ARC Reports
ARC USD Report Apr2022
ARC GBP Report Apr2022
ARC USD Report Feb2022
ARC USD Report Jan2022
ARC GBP Report Oct2021

RIO Platinum USD/GBP Reports
RIO Platinum GBP Apr 2022
RIO Platinum USD Mar 2022
RIO Platinum GBP Feb 2022
RIO Platinum USD Jan 2022
RIO Platinum GBP Jul 2021

RIO Silver Lining Reports
Silver Lining Report Jan2022
Silver Lining Report Oct2021
Silver Lining Report Jul2021
Silver Lining Report May2021
Silver Lining April 2021

RIO 888 Reports
RIO 888 Apr 2022
RIO 888 Mar 2022
RIO 888 Feb 2022
RIO 888 Jan 2022
RIO 888 Aug 2021
RIO 888 Jun 2021
RIO 888 May 2021
RIO 888 Apr 2021
RIO 888 Aug 2020
RIO 888 Apr 2020
RIO 888 Jan 2020
RIO 888 Nov 2019

RIO Currency Concept Reports
Currency Concept Report Jan2022
Currency Concept Report Oct2021
Currency Concept Report Jun2021
Currency Concept Report Jun2021
Currency Concept Apr 2021

RIO Property Reports
Property Report Apr2022
Property Report Jan2022
Property Report Nov2021
Property Report Oct2021
Property Report Aug2021

RIO Regular Reports
Regular GBP Report Mar2022
Regular GBP Report Feb2022
Regular USD Report Feb2022
Regular USD Report Dec2021
Regular GBP Report Dec 2021

General RIO Club Reports
End of Year Summary
Gold Falls as Predicted Aug2020
Gold Reaches New High Aug2020
Investment updates Jul2020
Stock Picks Rally Jul2020

General Investment Reports
A Change is Coming Apr2022
The Fed Meeting Mar2022
Interest Rates
SPAC, A New Era?

RIO Charity and Sponsorship
ASEAN St Andrews Society Nov2021
RIO Sponsors BWA Feb2020
RIO Sponsors the JSAS Ball Nov 2019
Maple Leaf Ball Sep 2019
BWA Charity Ball May 2019

Health Wealth and Happiness

Download the historic RIO magazines

  Virgin Galactic Updates: What’s Happening With SpaceX Rival

Virgin Galactic (NYSE:SPCE), an aerospace company focused on suborbital spaceflight for space tourists, published Q2 earnings last week. While the company’s financials are not very relevant yet, given that it has yet to begin commercial operations, there have been a couple of noteworthy developments in recent weeks.

Space Tourism Updates

The company indicated that it could begin commercial service of its spaceflight by early 2021, flying its founder Richard Branson. While this is behind the company’s previous 2020 timeline, the delay was largely expected due to the Covid-19 related disruption. The company continues to test its space flights and noted that it had now cleared 27 out of 29 Federal Aviation Administration milestones. The FAA clearance is key to receiving final approval to begin flights with commercial customers.

New Projects

The company also provided updates on some new projects. The company is working with Rolls-Royce to develop a supersonic aircraft that would be able to carry between 9 to 19 passengers, capable of traveling at about 3x the speed of sound. Separately, the company is also looking to expand its services to start flying customers to orbital destinations such as the International Space Station. The orbital flight is typically much more expensive and currently costs about roughly $50 million today (versus suborbital flights that are priced at $250k per ticket) [1]

Recent Fundraising

On Monday, the company raised about $460 million by selling 23.6 million equity shares in a secondary offering priced at $19.50 per share. The should considerably boost Virgin’s cash balance, which stood at about $360 million at the end of Q2 2020.

How Does Virgin Galactic Make Money?

  • Virgin will primarily make money by carrying tourists on its space planes. Customers will be able to experience a few minutes of weightlessness and also see the curvature of the Earth’s surface.
  • The company has signed up about 600 future passengers, taking deposits of about $80 million. It has indicated that roughly 9,000 more prospective customers had expressed interest as of April 2020.
  • Virgin’s Spaceship Two space plane can carry 6 passengers and 2 pilots. While the company currently has one vehicle, that can be re-used, the second and third vehicles are expected by the end of 2020 and 2021. [2]
  • If we assume 50 flights over 2021 at full occupancy, this would translate into 300 passengers carried for the full year.
  • As the company charges customers about $250k per ticket currently, total passenger revenues would stand at about $75 million in 2021.
  • Besides this, the company has also been generating some revenue by carrying payloads into space and if we assume that this will remain flat at about $4 million, total revenues would stand at $79 million for 2021.


©Copyright 2000 - 2022 The RIO Club http://www.therioclub.com