r/SPCE

▲ 192 r/SPCE+105 crossposts

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

u/JuniorCharge4571 — 13 days ago
▲ 77 r/SPCE+49 crossposts

Updates for Getting Payment on the Rivian $250 million Settlement

Hey guys, if you missed it, Rivian settled $250 million with investors over claims that it failed to disclose the true cost of producing its vehicles. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2022, Rivian was accused of misleading investors about its vehicle pricing and production costs. In short, the company promoted its R1T pickup and R1S SUV as competitively priced electric vehicles, but investors later alleged that Rivian was losing substantial amounts of money on each vehicle sold and failed to clearly disclose how severe the cost gap was. As supply-chain issues and material costs increased, Rivian announced major price hikes that sparked customer backlash and raised concerns about the company’s financial outlook.

Now, the good news is that the company agreed to settle $250 million with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in $RIVN when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $RIVN at that time? How much were your losses, if so?

u/11thestate — 14 days ago
▲ 23 r/SPCE

Virgin Galactic Adding to Engineering Team to Work on New Launch Vehicle Program

Engineering resources were expected to shift back to the new mothership program after engineering work on Delta 1 had completed. These are the words of Michael Colglazier at the last earnings call Q&A session. Recent job postings now confirm that focus is indeed shifting to the mothership program. Here is part of Michael Colglazier's response at the last earnings call in relation to the new mothership program:

>So the next stage with our launch vehicle is to have the engineers come off our ship and really lean into the launch vehicle design. And then we'll start having kind of alternating production between spaceships. We'll build a launch vehicle. We'll probably build a couple of spaceships. We'll match with another launch vehicle. and grow the fleet in a balanced fashion like that.

Specialist Engineer, Loads & Dynamics in Tustin, California, United States | Engineering at Virgin Galactic

https://preview.redd.it/0a1yjeefxath1.png?width=722&format=png&auto=webp&s=53ce0d7cc923062df5bbc1d4fc644d877a2e8d37

reddit.com
u/Voyager0017 — 12 days ago
▲ 11 r/SPCE

Chinese space tourism startup eyes 2028 for 1st crewed mission, signs celebrity for future flight

A new direct competitor to Virgin Galactic...

Add Eos X Space, which Branson invested $100M and is on the first flight....

.

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A Chinese space firm is booking passengers for its suborbital tourism flights and has now signed up a celebrity for an early flight.

Commercial company InterstellOr unveiled a full-scale experimental version of its CYZ1 (ChuanYueZhe 1) crew capsule on Jan. 22, Asia Business Daily reported, and also performed a landing buffer test.

CYZ1 is designed to allow occupants to experience a few minutes of microgravity, taking passengers above the Kármán Line, an arbitrary boundary 62 miles (100 kilometers) above mean sea level that's commonly used to define where space begins.

The company is targeting its first crewed flights in 2028 and is already taking bookings, though timelines are dependent on development, testing and certification progresses. InterstellOr has, however, announced that the Chinese actor Johnny Huang Jingyu has signed up as its first celebrity space tourist and will fly as passenger 009, state media ECNS reported.

Initial tickets are reported to be around 3 million Chinese yuan, or US$430,000. A 10% deposit is needed to make a reservation. The company also previously announced that Lin Xiaoyan, a Chinese-American poet, is set to become the first overseas Chinese female astronaut.

https://www.space.com/space-exploration/human-spaceflight/chinese-space-tourism-startup-eyes-2028-for-1st-crewed-mission-signs-celebrity-for-future-flight

u/ToledoTuxedo — 12 days ago
▲ 0 r/SPCE

Why the need for Structural designers if Delta testing?

Now you need senior level engineers for structures and stress design at Mesa???

https://www.linkedin.com/jobs/view/4442124803/?trk=eml-email_jobs_facet_suggestions-JOBS_POSTING_SECTION_1-0-job_card_1_jobid_4442124803_sectionid_272001_fmid_vq3x3~murcflds~xg&refId=buVlxeZvFkAb1%2BQRYEA0OA%3D%3D&trackingId=sg4WPR3afjvXzEgK8WqOdg%3D%3D

The primary tasks involve developing engineering definition for system components and assemblies while optimizing for operation, maintenance, and commercial service. Support the company strategy by holding ourselves and one another accountable for getting the work done.

Keep in mind, the Principle who designed Delta and the rocket system just recently quit...(because, as the pumpers noted, Delta is past design phase..)

Worked for 10 years on the program, and suddenly quits before its even ground or flight tested???

Cant wait for the usual "educated" responses to FACTS!!!! hahahaha

u/ToledoTuxedo — 12 days ago
▲ 18 r/SPCE

N348MS - Virgin Galactic 2 (Eve)

There may be no greater tell of VG nearing the flight-testing stage than the next move made by Eve, which operates as Virgin Galactic 2 under Tail Number N348MS. Her next trip to Mesa will very likely be for the purpose of returning to New Mexico with Delta 1. Flight-testing can hardly begin until Delta 1 makes its way to New Mexico, so monitoring the activity of Eve is some of the best near-term 'inside' information you can have at your disposal, if you were looking to make a bet on SPCE for instance.

There are several websites where you can track flight information, including N348MS Flight Tracking and History - FlightAware. Good luck with your investment choices.

https://preview.redd.it/9u621afs59th1.png?width=436&format=png&auto=webp&s=18237a96b59e9d02f3d667fecf3b0e254475a41c

reddit.com
u/Voyager0017 — 12 days ago