so private space flight is becoming very popular in 2022 nasa is sending you a broader virgin galactic to run experiments space x. through dragon has disappeared carried nasa astronauts to iowa says there's also jeff bezos blue origin as he did a good thing that space missions are becoming and being outsourced to private companies. well i think so because. the national space agency. why the russian space agency and nasa here in the united states in jackson engineered center and even the european space agency. can only do so many things with the budgets they have and just like at sea there are many commercial activities in here that many commercial activities mean more than just what the government agency the explosion with applications of commercial space and not just race tourism and space research but also it's the edge of communications in the earth monetary. reusable rocket launch process for all the result that this commercial innovation and it's really in my view the way that we begin the journey to the star trek era in the 23rd century so i wonder is this what space exploration

virgin galactic might give us a taste of space, and i think something else very exciting coming downears, are these expandable habitats being built now by bigalow airspace, another billionaire, and he is offering an expandable habitats floating around in space by itself that you can rent for 60 days for $60 million. twenty—one migrant workers who were being exploited at a second hand clothing business in southern spain, have been freed. police found the vulnerable workers hidden behind bundles of clothes in a warehouse in fuente alamo, a0 kilometres south of murcia. sophia tran—thomson has this report. this is the moment that eight workers were discovered, hidden in a secret underground room which had been barricaded with heavy trolleys filled with clothes. police say when they raided the warehouse, which packs and sells second—hand clothes to african countries, one of the men running the business shouted at the workers to flee and hide. four workersjumped an outerfence, while the rest hid inside. altogether police found 21 foreign workers hidden throughout the sweat shop premises. t

virgin galactic might give us a taste of space, and i think something else very exciting coming downe these expandable habitats being built now by bigalow airspace, another billionaire, and he is offering an expandable habitats floating around in space by itself that you can rent for 60 days for $60 million. authorities in austria say they've disrupted a neo—nazi network, seizing large quantities of weapons intended for arming a planned right— wing terror militia in germany. aruna eyengar has this report. heavy duty armoury — austrian police working with german authorities seized more than 70 automatic and semi—automatic weapons, along with hand grenades, explosives and thousands of rounds of ammunition. some had already been packed for transport to germany, to build up a right—wing militia unit. police say this is a massive hit against far—right networks in europe. translation: the weapons you see here are only a tiny part of those seized. they were intended for the far—right wing scene in germany, in connection with the austrian neo—nazi scene, in order to possibly build an armed m

we're just about there, close, virgin galactic will bounce right back within a year, they arejust right, they u nfortu nately lost a test now, remember, they unfortunately lost a test pilot backin unfortunately lost a test pilot back in 2014, they don't want to ta ke back in 2014, they don't want to take any risks and hurt anyone else, but in one year they will be back and ready for business, i am they will be back and ready for business, iam pretty they will be back and ready for business, i am pretty sure, they will be back and ready for business, iam pretty sure, and elon musk is having spectacular success elon musk is having spectacular success after elon musk is having spectacular su ccess after su ccess . elon musk is having spectacular success after success. how elon musk is having spectacular success after success. how has it happened that space exploration has moved these private companies when we all grew up with stories of national space programmes, russian and american? itjust made sense. i know people had expectations but i think they we re expectations but i think they wer

. >>> a step back for virgin galactic particular todafter an problem. it happened in new mexico this morning. these are pictures of the launch cut short when the engine failed to ignite. the company says it will check out the problem and be back in flight soon. virg virgin galactic is looking into commercial flights to space. >>> and "saturday night live" is back tonight. teaming up with timothee chal may a may chalamay .chalama this year, xfinity internet gives you more options than a holiday dinner table. pick the speed that's right for you, with options faster than gig. and get reliable internet with top-notch coverage. plus, help keep your data safe and private with security included. no antlers on the table. how come you get to eat first? get started with this great offer, or ask about our fastest speed, 2 gig up and down. switch today. >>> finally tonight, santa claus doesn't just deliver gifts on land. he's also showing some cheer underwater. you can see hem here dressed in his red suit in rio de janeiro. he's feeding a shark, swimming with the s

virgin galactic shares taking off again.he stock is up more than 60% in the past month your "trading nation" team, tom gordon and mark tepper mark, you say, and i quote, this is just one of these ridiculous robinhood names that's pure speculation. just because it's trading at 250 times next year's revenues how do you trade it? >> i'd have egg on my face it's a pure speculation, pure hype stock it amazing me that this thing has a market cap of 7 billion and will do less than a million dollars in sales this year the valuation is absolutely crazy. these flights are priced somewhere in the 250 to $300,000 range. my question is who can afford these? and then what is the total addressable market, the tam. what i keem sp saying is -- i h a lot of clients with a net worth between 5 and 10 million and i couldn't imagine any of them requesting a distribution to pay for a trip from space if they did, we'd have a tough conversation i think the tam is for people with 10 million or above and it goes from 2.4 down to 1 million and that cha

the space tourism industry, virgin galactic, will start launching a lot of people on suborbital flightsi hope in the next year or so. a lot more people will get to do it. it won't be most people that thousands of people instead of tens and maybe hundreds of people and the more people that see the earth, the better we will all be. some people are just beyond hope, doesn't matter, but certain world leaders in space they are not going to change but i think if you put enough in space, enough will change, that could be a positive thing. >> host: i am looking forward, take one of those virgin galactic, blue origin flights, not sure i would want to spend more than a week in space. 220 days is a long time. >> guest: as a nasa astronaut, it is tax-free. >> host: talk to chris hadfield and see how it works for the canadians. >> guest: i get paid in canadian dollars so it is not much. we got $5 a day. >> guest: no place to spend it. >> guest: exactly. i got a bonus check. the europeans get i think two 0s in addition to that russians get three 0s in addition to that but we are not complaining. >> h

. >>> virgin galactic is down sharply this morning.t flight did not reach space as planned due to an ignition sequence that failed to complete. jim, it is coming off ten month highs from last week. >> yeah, look. this is one heavy short position. give it a couple names. it is a robin hood name. they can't resist and this is one -- i know we are in a new world because it is not like you get institutional backing but you are going to get individuals that say, you know what? space travel, it's real. david, space travel, i don't know if you've considered it, but it goes on even with covid. unstoppable. >> like an hour, right? morgan brennan is my expert on all things space, carl. an hour or so? >> have you booked a trip to mars? >> to the edge there. >> i'm not kidding. people love it. you can't fight the tape sometimes. people love virgin galactic. >> they can get you to mars but they can't get you back. >> i don't know. >> no guarantees. >> who is there? brad pitt? >> matt damon. >> all right. matt damon, whatever tie other guy. >> the o

virgin galactic had to abort the first crewed test flight of its suborbital plane after an engine malfunctionela merkel will hold crisis talks sunday will hold crisis talks to agree tougher curbs ahead of christmas as the coronavirus infections surge unabated. most shops would be closed and schools could also be shuttered, and in the uk, health officials have warned relaxing coronavirus restrictions next week could trigger a third wave of infections during the busiest time of yearfor hospitals. lisa hampele reports. winter is when hospitals are at their busiest, but the pandemic means this year will be unlike any other. hospital leaders in england are worried the high infection rate in the north during the autumn may soon be taking hold in the south. in the letter, nhs providers say there were 13,000 covid patients in hospital in england this week, compared to 500 in early september. the chief executive has urged caution ahead of the review of tiers on wednesday. you just need to be really careful about relaxing the restrictions on social contact because we know that that inevitably, at the m

around well 10 what do you want to see yeah the block sounds better to me than they have let's say virgin galactic i know you're going to be on the verge of glad that you're on though. less to take that ship into space but had a choice i'd rather be in a blimp you know and floating around for a year or 2 for political and you know you that i. like to be a bit i'll see the point to the point that dissipates in space truck with 'd. interest. and money into things we want to see there we won't vote that industry so yes free space flight for improving our whenever i'm not going to space yeah no i mean if i want to you know plant a satellite in space i would definitely have to take a rocket but you know i'm more into the laser stuff you know back in the seventy's and eighty's during the development of the nickel or atomic energy energy industry and here to phrase back then saying this is so fission that it's too cheap to meter you know this was a big phrase back then tomic energy too cheap to meter and of course that proved to be false but what you're talking about it does almost sound like as too chea

yes stop virgin galactic attempted a milestone test flight of its rocket—powered tourist plane on saturdaycommercial spaceport in new mexico but the flight did not reach space as planned after the onboa rd computer that monitors the rocket motor, lost connection. the skilled pilots were however able to fly back to base and land safely. the pioneering black country music star, charley pride, has died from coronavirus complications. he was 86. in the 1970's charley pride became the best selling performer for rca records after elvis presley. he was inducted to the country music hall of fame in 2000. singer dolly parton said she was heartbroken at the news, and called him one of her oldest and dearest friends. stay with bbc world news. hello there. it's quite chilly for a while overnight. temperatures could be close to freezing for a while before the weather then starts to change. we've got all this cloud coming in from the atlantic, replacing the clearer skies. and the main driver is an area of low pressure and these weather fronts. and they will bring some rain into western areas and then th

virgin galactic attempted a milestone test flight of its rocket—powered tourist plane on saturday, markinganned after the ‘onboard computer that monitors the rocket motor, lost connection. the skilled pilots were however able to fly back to base and land safely. boxing and britain's anthony joshua has retained his three world heavyweight titles with victory over the bulgarian kubrat pulev in a fight at wembley arena in london. joshua knocked pulev out in the ninth round. tom gray — associate editor with the boxing magazine — the ring — was hugely impressed with the defending champion. i mean, i have seen a few people actually quite critical of joshua's performance. well, he won almost every round. i think they gave pulev one round. floored him four times and got a knockout with a spectacular punch in the ninth round. so if you are being critical about that performance then it goes shows you the expectations that are on joshua at the minute. there was a small crowd allowed to attend. that is one of the first times we have seen people in a sporting arena in the recent months. how might that

shares of virgin galactic are down today. >> they averted their run today to land safely on the runway. we're showing you that video from the weekend. in an update, "the flight did not reach space as we had been planning after being released from its mother ship, the space ship's on board commuter launch connection." this would have been the third manned flight to the edge of space. it would be the first from almost two years, the first from new mexico where galactic's new headquarters are. they do plan to attest this test again but it's unclear what all of that does to the timeline, which saturday's fliel if successful, all of that had been expend p by the next quarter. the shares are traying sharply lower on the news, worst percentage drop since march. but up 130% year to date, kelly. >> and, morgan, i guess that gets to the heart of this, which is there's a difference between something delayed but ultimately viewed as coming off success what would you say for people trying to gig that out right now? >> that is the multi-billion dollar question it's that this space slip certainly the

. >> i will take virgin galactic but i don't know that i would want to spend more than a week in space, 220 days, that's a long time. a. >> as a nasa astronaut you getpd and it's tax-free. >> i will have to talk to chris hatfield and see how that works for the canadians. >> i get paid in canadian dollars so it's probably not as much, five dollars a day tax-free. >> but no place to spend it. >> exactly. i got a bonus check when i got back. europeans get i think two zeros in addition to that and russians i think get three zeros in addition to that but we are definitely not complaining. >> i think we've reached the point we want to open things up and get to questions. >> absolutely. >> we may have time for more. i'm going to try to get some other topics. the first one is sort of two-party from a couple of people about training. how long is the training and what was the most difficult part of the training? >> when you get to nasa they want to make you feel good about yourself and self-esteem so astronaut candidate, your training is about a year or year and a half and that is just basic stu

. >>> we're inching closer to space tourism taking off weather permitting virgin galactic could launch from new mexico. it would allow the company to check the cabin where customers could be seated. nobody will be on board but the flight will carry cargo for nasa. >> wow. two astronauts with bay area ties are candidates to walk on the moon in four years. one could be the first woman to do so. abc 7 news reporter david louie got to explore how their time here prepared them for a space mission that mere earth lings can only dream about. >> reporter: nicolnicole mann we of 18 named to put the next woman and man on the moon in 2024. why should you be the first woman on the moon? [ laughter ] >> because i'll be trained and ready to go. i tell you. honestly, i think any of the astronauts selected will do an incredible job in executing that mission. >> reporter: she's a fighter pilot and mechanical engineer by training but already spent the past seven years learning a wide range of skills needed. she says her passion for exploration traces back to growing up in the bay area. >> i love to get

seeing different types of deals go public now, not just the growth companies like draftkings and virgin galactic'sther industries that need growth transformation into the public domain but divisions of companies that are private go potentiallyen individuals like imagine lebron james with a victim for -- with a big income stream or maybe bloomberg. bloomberg is a private company. these opportunities are much more readily available now and would lead to a lot of conversations in the six months which will keep all of his busy but they know they have to be judged if they are the right deal which will be judged by the investors over time and growing into these situations. the ultimate measure of value and whether the market settles the right way will be in 2022, not next year. companies thate have gone through the pandemic and gone public or will go public be able to really grow into their values and rebound accordingly into 2022 levels that we are looking for anyway and then we can look at all of this clearly. vonnie: we are out of time but i am waiting to see lebron go public. thank you for being wit

virgin galactic, video, aboarded third test flight after engine gave out. able to run to runway safely along with the pilots on board. ♪ ♪ gillian: economic impact of rolling covid shutdowns has devastated businesses but also american families, millions falling behind on rent and utility bills can no longer afford everyday expenses. some community organizations are stepping in to help fill those gaps and bringing america together in the process. let's bring in the president and ceo of the community foundation of sasota county, roxie, thank you so much for joining us today. one of my favorite things about your organization is that you guys are community-base, people within the same community, neighbors helping other neighbors which is fabulous during a time like this when government is often failing? >> gillian, thank you for the opportunity to share about season of sharing. it is a 21-year time tested and trusted resource in our community and it really gives individuals the opportunity, neighbors to help neighbors, so it is a network with our nonprofit part

the after mark it wasn't until you got the new group coming in thanks to having successful ipo, virgin galactic and others like that in the last two years that spacs have really taken off. this is a ent phenomenon think about this, $130 billion in spacks and ipos this year that's the most amount of money raised since going back to the 2,000 era, since dotcom. it's a really amount of money. >> you're reading my mine, bob, and that chart you just showed, that spac has a lot to prove if it wants to rival ipo but look how ipo has done i'll let you go and do that interview. we'll check back in with you soon. >> both airbnb and door dash have raised their target prices this week. like bob was just saying, if you combine ipo and spac volume even before these, $130 billion raised is the most since the dotcom bubble. what's this telling us for more let's bring in dan gallagher, the financial columnist for "the wall street journal. i know you have specific thoughts on airbnb relative to door dash but as a first blush reaction, is this anything to be concerned about in terms of the volume of money that's

we do need to check in on virgin galactic shares.e still cratering, down 17.25% after its sleek suborbital plane was forced to bail out of saturday's latest test flight of the space 2 unity rocket. an improper ignition sequence taking the blame for the aborted attempt. shares of sir richard branson's space tourism company now stand at $26.51. heading back down pretty much to the lows of the session. >>> ea taking out take 2 in the bidding war for britain's codemasters, parent of madden football paying $1.2 billion for the racing game publisher. ea is jumping about 1.5%. take 2, best known for grand theft auto, had made a lesser offer for the developer back in november but will they miss out? doesn't appear take 2 investors are having any problem cruising past this latest missed purchase. stock is up 3%. >>> ubs giving the green light to mcdonald's shares. the bank encouraged by multiple bullish sales signs but the buy call aside, take a look at this on your screen. mcdonald's golden arches now a hairstyle? yeah. the burger titan laun

shares in virgin galactic after the company had to abort a test flight over the weekend. computer connection failed and controllers said you are not going to space today. the space ship carrying two pilots landed safely. >>> and a new video game starring keanu reeves is out and people are asking for their money back. called signerpunk 2077. apparently doesn't run well on older video games, i mean xbox 1 and ps4 which is what most people have in their houses right now. everybody wants that ps5 and the new xbox but they're really hard to get. the company says if you're dissatisfied with the game they will give you your money back. >> that's a good thing because, you know what, i can't play the game, i want my money back. >> absolutely. >> thanks, scott. >>> target and the u.s. postal service are warning of potential shipping delays ahead of one of the busiest weeks. high shipping volume nationwide. the postal service is experiencing unprecedented increase in packages and limited availability of workers due to the pandemic. tomorrow is the deadline for ground shipping for u.

we see activities across the board from virgin galactic to origin, star link, artemis project coming on board,, we see the japanese doing amazing things with asteroids so this space business is booming and like we've seen across human as we developed this new capability and people start to venture out, there be dragons, if you will. in other words, we need to go there to provide a secured environment, a stable environment, and the capability to preserve the american way of life that is so intrinsically tied to our space capabilities. we are focused on a war fighting culture and organization. that has everything to do with training and standards and daily how we look at our mission and the intensity we look at it with, and the dailyness we look at it with. we have every service component except for the air force, but we are working diligently on that. the air force is going through a design process, as well, to accelerate change or lose as gerald brown would say, so we working with them to understand and to appropriately construct an air force component, but we do have components from

and virgin galactic looks to send its founder, sir richard branson, to the edge of space as the marketor space tourism finally gets, well, off the ground experts say it is an incredible time to be investing in this emerging space economy. >> this is one of the greatest wealth creating opportunities of the last 50 years. the last ten years has been a transformational decade of growth and we have passed an inflection point for sure. 2020, for example, was a record year for space infrastructure investment, and we see no signs of slowing in 2021. >> next year nasa is hoping to send commercial robotic landers to the moon ahead of astronauts later in the decade. jeff bezos could launch a new rocket, new glenn, and spacex will continue to test fly its giant starship as well spacecraft from three countries, including america's perseverance rover, will reach mars earlier in the year to gather data and next fall, the hubble space telescope's successor may finally head to space on a major mission to study the assembly of galaxies and the origins of life for the news, i'm morgan brennan. >>> they'

. >>> virgin galactic stock blasting off today after nasa signed billionaire richard branson's space tourism company to multiple contracts worth $45 million for flight and integration services and the like. space, the ticker symbol, up 6% right now. that on to its 145% gain this year alone. >>> meanwhile, bitcoin has been rocketing out of the stratosphere and up into the mesosphere. just imagine where it could go if doubters really could trust it. next, chainalysis that even the irs uses to sleep well at night knowing the crypto are secure. the ceo joins us next. he's a hot unicorn in silicon valley. closing bell ringing in 27 minutes. lots of green on the screen with the dow jumping 200 points. s&p on track for a record. same with the nasdaq. to support a strong immune system, your body needs routine. centrum helps your immune defenses every day, with vitamin c, d and zinc. season, after season. ace your immune support, with centrum. our own hopes and dreams. we'll pass many milestones. moments that define you. and drive you. to achieve even more. so, celebrate every one. because su

stay on top of this type of thing especially this year buying people presents and a major test virgin galacticl carries out it's first space flight from spaceport america in new mexico. the company preparing for commercial flights next year and this launch was originally set to take place in november, but it faced a month-long delay, because of covid restrictions so that's something to look out for this weekend, we'll be right back. ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa usaa. what you're made of, we're made for. one of the worst things about a cois how it can make you feel. but, when used at the first sign, abreva can get you back to being you in just 2 and a half days. be kinder to yourself and tougher on your cold sores. if you have postmenopausal and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture wit

talking us through that virgin galactic flight, this evening.arth, he said the learning and data from it keeps the project exciting. exactly. and that flight, it project exciting. exactly. and that flight, it will be on the edge of space, amazing. they will see a view i get most days from the satellite, but probably a good deal more exciting. at the moment, you will see cloud in london, a damp start. this where the front has pushed in eastwards. it will continue to clear eastern counties of england in the next hours and raining quite heavily in parts of norfolk and kent. rain piling it across the eastern half of scotla nd piling it across the eastern half of scotland and where it will linger much of the day accompanied by strong winds so we could see minor flooding here. away from that, plenty of showers in western areas will keep going. slow moving because the wind is lightest here, though pushing through the english channel with the odd rumble of thunder. dry and bright across parts of the midlands and central and southern england this afternoo

i bought a ticket on virgin galactic because i want to go to space. i don't know if the guys from the state department are going to let them partake in space tourism, but someday, i'm going to do it. i can't wait. i'm also proud to say that space is such a great priority for our president and he is reinvigorated with vice president pence, who is chairman of the national space council. and we have empowered private partners, unleash america's space industry like never before. and it is now the policy of the united states of america to go back to the moon within five years and from there, to mars and beyond. just two weeks ago at the state department, along with commerce, we hosted the first space enterprise summit. wer brought in leaders from all around the world, private industry and government. and we are hosting here in washington in october. this year's international astronautical congress, which is the premier meeting of government industry and academic leaders across the space sector. and also, to support these objectives, secretary pompeo appoin

tell you, i was watching the tape underneath this morning and i finally see some minus signs virgin galactic, david, it seems to have reached some level where people are not excited about it. >> i -- yeah, i don't know that was a -- that was the -- was that the first spac or certainly was one of the earlier ones >> all the spacs >> and the spac phenomenon is amazing to watch remember, we have to add that in, in proceeds for spacs, because basically that becomes public companies as we see deal after deal done and they all want to come on with us every single day, everybody wants to be promoting their deal, so that they can get a good pop at the outset and the promoted self-is one reason why virtually everybody has a spac and a dream. we know where a lot of these will end up, though quite a few of them have very well healed investors coming along in the pipes, private investment and public equity we see that comes along with when they announce the deals. there is a look at virgin. >> martin franklin spac, terrific little company, blocking and tackling company. >> i can go through -- long view,

. >> virgin galactic caught my attention this year.tly holding a large block of shares which i purchased about 20 i am wondering should i go long in the entire position, trades some of it on swings or consider other alternatives >> interesting question, tim, what's the answer? well, trading this thing on swings and momentum and volatility something you get a lot of this stock is as thematic story which is not one anyone should carry about fundamentals frankly. i am not a player in the space i do think this is an interesting concept, obviously the aborted mission about ten days ago gave the stock a lot of volatility to the downside the chart looks quite interesting and it looks like it consolidated and certainly brought back those losses and looks like it is probably moving higher >> that was a 17% drop or so that day >> guy, what's your advice >> well, if karen fineman is here she would say does not matter where you long something, it matters where you are going when i said opportunities to mel 's point, it has 15 or 25, take advantage

. >> to that point, i think you mentioned hapatia, i think virgin galactic was a turning point in termsf the spac craze and the fact that we have seen that stock even though they have not actually, the space company, space tourism company has not even yet actually launched commercial operations, the fact we have seen such an incredible run-up in that stock since it did go public through this reverse merger transaction back last fall. another name i want to point out, though, not a spac, did go public, through a traditional ipo, earlier this year, during the summer i believe it is lemonade that stock is up 5% now. midcap online insurance. it had sold off aggressively ahead of the expiration of its lockup today but it is getting a bounce here. and that is going to be one of the key things to watch with some of these big high flying names that have gone public in ipos in recent months is going to be these lockup expirations and what happens given the huge run-up we have seen on some of these stocks bob? >> yeah. >> and, of course -- >> and of course palantir announced a very -- essentially

and certainly a company like virgin galactic given the fact this is human space flight and space is hardpect they are not going to be push rushing to necessarily meet that time line. instead they are going to be going to be moving to make sure everything goes as perfectly as possible from here on out. we will see what the data reveals and what time frame they put out to retry this flight-test. >> it seems like this is a setback on that. >> absolutely it is. >> morgan brennan, thank you, good to have you. >>> costco -- e-commerce sales up 86% in the first quarter. earlier this hour we talked to costco's ceo craig jelineck. here's his view whether the company can continue to grow sales after the vaccine. >> comps are going to be difficult for anybody to do. i think as long as the economy stays relatively healthy that we will continue to grow our business as other retailers will. it's still important to get people physically in the stores. i still think brick and mortar is not going to go away. and we want to continue to get people in the stores. and there is no better way to do it than $1.

>> i'm not familiar with an etf, you know the other big players virgin galactic which is another publiclyi'm not a holder of that one, but momentous i think will be the next way to play the sector. i'm not familiar if there is a etf. stuart: but the clear, you have a piece of stable road. >> i do because i believe it could double in the next 18 months. again, a great proxy and a great way to play as more investors come into the space, no pun intended to. stuart: you may have moved the market already because now it's up nearly 10%. of course you are calling your own netbook they are. before relief, give me 30 seconds on tesla in the s&p now. are you buying it? >> i'm not buying tesla. it's our version of walt said-- while disney. my only regret is i sold the stock earlier this year. this is one i don't know how to value. you probably have a lot of people from running the stock. we see this every summer with the russell 2000 rebounds. people go out and buy stock they believe they will join the russell 2000. so, i don't know if it has a big runoff into that trade friday in what will happen,

virgin galactic stocks dropping as they filed to sell up to 113 million shares and it's unclear whenand already under pressure. next up, i want to talk about posh mark. they are thrift store, really? i did not know there was of posh mark does not seem the right name but there going public right, ashley. ashley: yes, maybe merchandise and they've already filed the paperwork. poshmark is an online marketplace for secondhand clothing, shoes, accessories and the company founded nine years ago and like ebay connects buyers with sellers. poshmark makes her money by taking a cut of each transaction. in the last two quarters the company racked up over $30 million in profit with revenue up 28% over the first three quarters of this year. now it wants to go public following other marketplace businesses such as door dash, air b&b and wish, so they wish to go public. stuart: one more going public and it's called the currency exchange going public. is that right? ashley: that's right. it will be coin called coin base. deciding with all the recent hoopla over crypto currencies now is probably as go