Boeing Asks Court to Block Virgin Galactic From Using Its Data [BNN Bloomberg (Canada)]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: BNN Bloomberg
The proprietary data was shared with Virgin Galactic when it engaged Boeing's Aurora Flight Sciences unit to help develop a so-called Mothership jet carrier. But after the companies ended their collaboration last year, Virgin Galactic refused to honor its contractual promise to destroy two sets of trade secrets, according to a complaint the US planemaker filed in federal court in eastern Virginia. Virgin Galactic's ongoing retention and use of the information to develop its new jet carrier “deprives Boeing and Aurora of their exclusive property rights and imposes irreparable harm by risking exposure to other competitors, after which the information cannot retain its secret status,” according to the filing. Richard Branson-founded Virgin Galactic Holdings kicked off commercial spaceflight operations last year after nearly two decades of development, although it has paused flights planned for the latter portion of this year to keep costs under control while it develops its next-gen
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SPCE
News
- Virgin Galactic (SPCE) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic Announces Date of First Quarter 2024 Financial Results and Conference CallBusiness Wire
- Why Virgin Galactic Stock Just Crashed 16.5% [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic Eyes Reverse Stock Split in Bid to Stay on NYSE [BNN Bloomberg (Canada)]BNN Bloomberg
- Dark Space is building a rocket-powered boxing glove to push debris out of orbit [TechCrunch]TechCrunch
SPCE
Earnings
- 2/27/24 - Beat
SPCE
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/19/24 - Form 4
- SPCE's page on the SEC website