Virgin Galactic Update

Als je goed had opgelet dan wist je dat er drie dagen geleden een conference call is geweest waar Virgin Galactic een nieuwe CEO heeft aangesteld. Michael Colglaizer is de nieuwe CEO en komt vanuit Disney. Daar is hij Managing Director geweest en is vooral aangenomen om toekomstige astronauten een uitzonderlijke klantenervaring te geven. Disney staat hier erg bekend om en dit suggereert dan ook dat Virgin Galactic klaar is om de lucht in te gaan en commerciële vluchten kunnen beginnen! Geen wonder dus dat het aandeel hard is geklommen - op dit moment sta ik op 45% winst.

Hieronder zal ik een aantal notities plaatsen zodat je op de hoogte bent. Je kan hem ook hier terug luisteren,

Notities van de conference call

George Whiteside's Comments

• Michael Colglaizer and Chamath on the phone as well.

• Forward Looking Statements Disclaimer, etc etc

• Earlier today issued a press release announcing Michael will succeed George as CEO, George will transition to CSO on 7/20 (moon landing anniversary)

• Mike spent 3 decades at Disney growing billion dollar businesses and brands

• George will focus full-time on point to point travel, and orbital spaceflight

• Building upon space act agreements with NASA

• Building upon technology development

• Will concentrate on future growth for Virgin Galactic

Michael's Comments

• "Opportunities like this do not come often, could not pass it up"

• Wants to connect with stakeholders as soon as possible

• Michael says he'll be flying up too!

Chamath's Comments

• Momentous milestone at Virgin Galactic

• Hypersonic Point to Point and Orbital Spaceflight are next area of growth

• By creating new role of CSO, allowing George to dedicate his time to suborbital and point to point

• "Expect to see significant announcements in the coming weeks"

Q&A

• To Mike: "How will the customer experience look different with you on board?"

• Becoming an astronaut will be lifechanging, wants to listen and learn but wants to bring what he's learned from disney to the experience"

• To George: "When will your new endeavors become profitable?"

• Relatively near term with orbital, earlier opportunity for point to point than just commercial operations. Really exciting stuff to talk about over the coming period of time.

• To Chamath: "What's the motive behind the transition? Any element of dissatisfaction with the pace?"

• "I want to be really clear, George has done an exceptional job. We're at a point where our ambition is to institutionalize Virgin Galactic. We can't show everything we know, more transparency coming, but we're going to start doing more things at once. We can do more things at once. Going into August you're going to see a drumbeat of progress. Taking the first order business of space tourism, then pull forward on orbital travel and hypersonic. This is not about satisfaction, it's about the raw unbridled passion of the board and the employees to push this forward."

• To Michael "What will you need to adapt to the transition"

• Focus has always been on safety at Disney, won't change now.

• This company will not stray from its path.

• To Michael: "What was the tipping point to decide to come to VG?"

• Have had a great job at Disney, wasn't aware of this until he got a call that said VG was the most exciting company they'd seen in 20 years. It's built for safety and reusability. Job one is to get in and learn, help achieve the vision.

• General: "Is the test program risk retired"

• Chamath: "We are within spitting difference, on a multi-month march to commercial operations"

• To Michael: "How do you feel about the brand"

• Loves the Virgin Brand, mission, purpose. Really believes in what's happening at Virgin Galactic. Has loved watching Disney employees create something special, gets the same sense from what's happening at Virgin Galactic

• To George: "Will the space advisory board help?"

• With start of commercial service they want to have them plug in on things like orbital and point to point, get their opinions. Will also serve as brand ambassadors.

• To Chamath: "What do you think about the future of talent?"

• Up to Michael, had a mock board meeting with Michael and he blew them all away. The way he talked about brainstorming the experience for customers and their guests was really impressive. Expect to see him recruit a lot of great people to the organization over the next months, quarters, years.

Samengevat maak ik hier het volgende uit op: Virgin Galactic is een overgangsfase en gaat op korte termijn van een bedrijf dat gefocust was op het ontwikkelen van een product naar een bedrijf dat commerciële vluchten naar de ruimte kan bieden en zich gaat focussen op de belevenis van de klant.

Oh en als je op Linkedin zoekt dan zie je dat ze opzoek zijn naar een ober - voor wat het waard is.

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Zoals altijd: Alles hier is expertise vrij en hoort niet te worden gelezen als beleggingsadvies. Als je behoefte hebt aan advies, schakel een financieel adviseur in!