Virgin´s Galactic is becoming a listed company – WSJ

Virgin Galactic, which offers human spaceflights to public, is planning to be listed to fund the growth. According to Wall Street Journal, the Social Capital Hedesophia  Holdings is planning to invest about 800 million dollars in Virgin Galactic for a 49 % stake. This would also mean that the Virgin Galactic would become publicly listed later this year.

The space travelling is become more common while Amazon´s owner Jeff Bezoz´s Blue Origin and Elon Musk´s Space Exploration Technologies (Space X) are also in the same markets.

According to WSJ, the Virgin Galactic has already raised more than 1 billion dollars since it was founded in 2004.

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Yandex Taxi to issue new shares in IPO – Reuters

Russia´s largest online taxi service Yandex Taxi is likely to sell new shares in its initial public offering. According to Reuters the company representative COO Greg Abovsky told that the company has not decided on a stock exchange, or the timing or the size of its IPO.

-We consider the Moscow Exchange an important exchange, he told Reuters and added that most likely there would be primary shares, not secondary in the IPO.

Yandex Taxi and Uber combined their resources in Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakstan in 2017. Uber has 36,6 % of the shares, Yandex 59,3 % and Yandex Taxi staff the rest.

The US ride-hailing company Uber´s (UBER)  IPO was in May and the company listed its shares on Nyse in New York with the market value of 82 billion dollars. The rival company Lyft  (LYFT) listed its shares in Nasdaq already in April with the market value of 24,3 billion dollars.

Uber has also expanded its service offerings from taxi to flying taxi service in New York and customers can now ride from Manhattan to JF Kennedy and Newark airports with 199 dollars. The company has also announced it will start electric-flying taxi service in Australia, Melbourne next year, while the other piloting cities are Dallas and Los Angeles in the US.

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Airbnb to offer luxury property rentals

The US property rental service & hospitality platform Airbnb said today that it has launched a luxury property service for its customers.

This new service “Airbnb Luxe” offers 2000 new listings from entire islands to castles and mansions and the prices range from 14000 dollars a week average to 1 million dollars a week for a private atoll near Tahiti with a staff of 50.

This new rental service include also VIP service. – From personal chefs to massage therapists, a local team of professionals has you covered, the company says.

According to the company the luxury rental property market has not offered security for high-profile and mega-rich clients before, Bloomberg News says.  This new service will include the total wellbeing.

The company takes a percentage of the cost of each booking and the company is valued at 31 billion dollars before the initial public offering, perhaps next year.

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Volvo V60 hybrid – nordic design

Have you thought to buy a hybrid? Here have you some thoughts to think about related electric car and the gasoline version.

I had my test drive with Volvo V60 T8 AWD with Business R-design. This design means that the car is integrated with several design elements related to interior design, materials and needed applications like CarPlay and Anrdoid Auto.
The car is with two engines, gasoline and electric. The electric range is about 50 km with good conditions, but I would say that 40 km is what is the normal with summertime and normal use.
First I have to say that this plug-in hybrid car was very easy driving due to the two power engines in it. The handling was also ok while the circle is small enough also parking in the city spaces. According to the company info the  united energy use for this model is 47 co2/km. This calculation is based on the new measuring method standard WLTP. My own expressions for the long journey driving was that the gasoline consumption was about 8-9 litres per 100 km after the electric range was used.
The car is integrated with intelligence with for example the settings for the driver seat and with the half automated pilot assist. Must say that the pilot assist is really helpful when you can rest your legs during the journey, or with driving the city limits.
The adaptive speedassistant to drive in que is a new thing and  so far we have very few experience of it. Maybe more later on when the car technology develops further.
To buy a hybrid is a good solutions for those, who can use the electric range for daily rutines like the distance between home-office or home-public transport. This Volvo is large enough for sporting goods and with small gadgets for the garden or for working. And the electric range is a positive plus for the sustainable driver.
The interior design is well-design and functional and the feeling of the Nordic design is present.
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Lyft expects 3,3 billion dollars revenue for 2019

The public listed company Lyft (LYFT) reveiled its results for the first quarter. According to the company,it made a 1,14 billion dollar loss for the period with the revenue of 776 million dollars. The company also estimated that the total year revenue would be 3,3 billion dollars.

Lyft also said that the net loss includes a 894 million dollars of stock-based compensation and payroll tax expenses in connection with the company IPO offering in March. The company raised 2 billion dollars in the listing process.

The company is having 30 million riders and 2 million drivers.The company stock was trading down 4,3% to 56,89 dollars on Wednesday.

The rival company Uber (UBER) is to have its IPO in the New York Stock Exchange on Friday.

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Sweden to foster 100% renewables flying by 2045 -DI

Sweden is to foster 100% renewables flying by 2045, according to Swedish Dagens Industri newspaper. Scandinavian SAS (SAS) and Swedavia are one of the actors in the Swedish Initiative, which targets to end the fossil energy flying and to transform 100% renewables by 2045.

According to the CEO of SAS, Mr Rickard Gustafson, the planes can already fly with renewables, but the problem is that there is not enough production to fullfill the needs. And that is why the initiative has been taken in order to solve the big issue of the renewables in big scale in the domestic and international flights.

Swedavia, which operates the airports, has said that their aim is also to produce zero emissions from their own operations by 2020. In January 2019 there were 2.830.000 passangers flying to and from the Swedavias airports in Sweden.

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