SAS signs MOU with Virgin Galactic
Published 05-OCT-2016 14:31 P.M.
|
1 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Sky and Space Global Ltd (ASX:SAS) has signed a non-binding Memorandum of Understanding with spaceflight company Virgin Galactic for the potential use of its satellite network to provide connectivity to Virgin Galactic’s 747 carrier aircraft.
Under the terms of the MOU, the two parties will assess technical and commercial parameters to determine whether Virgin Galactic’s modified 747-400 (Cosmic Girl) carrier aircraft can be made compatible with SAS’s space-based nano-satellite communications network.
The MOU presents a commercial opportunity for SAS should the feasibility investigation result in a positive outcome. The parties could work together to develop communications technology to provide connectivity for Cosmic Girl during its flights.
This MOU agreement is non-binding and is yet to realise any commercial value so if looking at SAS for your investment portfolio, seek professional financial advice before making any investment decision.
Previously SAS had announced to the market that it has contracted four dedicated missions on the LauncherOne system from 2018. LauncherOne is Virgin Galactic’s orbital launch vehicle dedicated to the small satellite market.
Each mission on LauncherOne will carry multiple nano-satellites, potentially enabling SAS to rapidly establish a full constellation of up to 200 nano-satellites.
LauncherOne uses Cosmic Girl as a flying launch pad-helping make the service more flexible and more affordable.
SAS is fully funded beyond the launch of its ‘3 diamonds’ pilot network with the Indian Space Research Organisation following the recent oversubscribed $4.5M fund raising. The launch is scheduled for the second quarter of 2017.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
