ロング

The Painful Years of Doomscrolling Are Coming to an End:

アップデート済

Uncovering the True Structure of Social Sentiment in
SPCE

I have identified a descending five-wave impulse pattern, where the fifth wave forms a terminal diagonal.

Confirmation Criteria for My Analysis:

By June 22-23, the price must precisely reach the $1.38-$1.39 range, not a cent higher or lower, and then correct in the format of the 5th wave of the terminal diagonal.
By October 16-18, 2024, the correction should not drop below $0.3576 for the 5th wave of the diagonal.
If these conditions are met, it would be an opportunity to look for a long position targeting a new high above the (E) wave of the impulse and a subsequent long-term bullish trend (keep an eye on the golden crumbs).

Additional Insight:

It is possible that the 4th wave of the diagonal has already been set, and there is a slight chance that the 5th wave of the terminal diagonal is also complete. The price might drop as low as $0.36, but it might not happen until as late as September 9, 2024. Once the lows are established by September 9, 2024, they must not be broken under any circumstances. If these lows are breached, we will need to explore alternative scenarios.

Alternative Scenario:

I foresee a blood-red path, but this requires a more detailed explanation, which I will provide later.

ノート

Indeed, the legal battle between Boeing and Virgin Galactic can be compared to the Nvidia and 3dfx case from the early 2000s. In both instances, companies accused each other of breaching contractual obligations and intellectual property violations.

Parallels between the cases

Nvidia vs. 3dfx (2000):

Accusations of contract and intellectual property violations: Nvidia sued 3dfx, claiming that 3dfx had breached contracts and improperly used its technologies.
Financial troubles: 3dfx was experiencing financial difficulties at the time, which reduced its competitiveness.
Outcome: Nvidia eventually acquired 3dfx's assets, leading to 3dfx's ultimate dissolution.
Boeing vs. Virgin Galactic (2024):

Accusations of non-payment and intellectual property violations: Boeing and Aurora Flight Sciences claim that Virgin Galactic failed to pay more than $25 million and improperly used their trade secrets.
Financial and organizational troubles: Virgin Galactic is facing challenges in project implementation and is shifting priorities to other ventures, such as developing new suborbital spacecraft.
Countersuit: Virgin Galactic accuses Boeing of poor performance and failure to meet project obligations.
Forecast of prospects and most likely outcome

Prospects of the legal proceedings:

Prolonged litigation: The process is likely to be lengthy as both parties have filed lawsuits and accuse each other of serious violations.
Negotiations and settlement: There is a possibility that the parties might reach a settlement to avoid additional costs and time loss.
Most likely outcome for Virgin Galactic:

Financial losses: If the court rules in favor of Boeing, Virgin Galactic might incur significant financial losses due to the need to pay debts and compensation.
Shift in strategic priorities: In case of a court defeat, Virgin Galactic is likely to focus on other projects, such as the Delta spacecraft, and continue using current assets for upcoming commercial flights.
Reputational risks: The public litigation could negatively impact Virgin Galactic's reputation, making it harder to attract new investments and partnerships.

ノート

A Brief Historical Overview of Boeing's Attempt to Create a Hypersonic Passenger Aircraft:

On November 29, 1962, England and France signed an agreement to jointly work on the project of a supersonic passenger aircraft, the "Concorde." This idea greatly appealed to the head of Pan American World Airways, Juan Trippe. He ordered six aircraft from the French and British for tens of millions of dollars and then deliberately leaked this news to the American press. President John Kennedy was very displeased. The next day, on June 25, 1963, he announced that the United States would undertake an important new program in civil aviation—the creation of its own supersonic passenger aircraft, the SST (Supersonic Transport).

Boeing, Lockheed Corporation, and North American entered the competition for the government contract to build the supersonic aircraft. Boeing won, developing a revolutionary design. The full-scale model, designated the Boeing 2707, became the focus of attention for all aviation industry representatives. It was 97 meters long, had four engines, could carry 300 passengers, and had a speed of Mach 2.7. However, even optimistic estimates suggested that this aircraft would not be operational for at least ten years.

Juan Trippe did not want to wait. Thus, he came up with the idea of obtaining a so-called replacement aircraft in the meantime. He approached Boeing with the idea of developing the largest passenger aircraft of that time—the Boeing 747. At that time, the largest airliner was the DC-8, which could accommodate about 250 people. The new 747 was to hold 400 passengers. Juan Trippe signed a contract with Boeing for 25 747 aircraft. The directors of other airlines were horrified. How could such a large aircraft ever be filled? But Juan Trippe was confident that with such an aircraft, Pan American could reduce transportation costs. Boeing's management promised to deliver the first airliner within four years. The task of realizing these plans fell to the engineer Joe Sutter.

In 1971, the U.S. Senate terminated funding for the supersonic passenger aircraft project. The aircraft was becoming too expensive, and the costs were skyrocketing. The project was closed, and the model was dismantled. Its nose section is preserved at the restoration center of the "Museum of Flight" in Everett.

ノート

The Essence of Virgin Galactic's Defense Seems to Be:

Possibility of a Court Decision in Favor of Virgin Galactic

Virgin Galactic's Arguments:
Virgin Galactic claims that Boeing performed substandard work and did not provide all the required data. The company also asserts that it has rights to use the transferred trade secrets according to the contract (SpaceNews) (Nasdaq News). If Virgin Galactic can convincingly prove that Boeing indeed performed inadequately and that the transferred information rightfully belongs to Virgin Galactic or is used legally, the court may rule in their favor.

Chances of Success:
Virgin Galactic's chances of success depend on the following factors:

Quality of evidence: Strong documentary evidence of Boeing's poor performance and confirmation of intellectual property rights.
Legal strategy: Skillful legal defense and counterarguments that can persuade the judge of Virgin Galactic's position.
History of lawsuits involving Boeing: If Boeing has a history of losing similar cases, this could strengthen Virgin Galactic's position.
Impact of Recent Events: The results of the CST-100 Starliner's mission to the ISS, which began on June 5 and will last for eight days until June 13, 2024, will also significantly influence the outcome of the legal case.
Forecast:
Predicting the exact chances is difficult without a detailed analysis of all the case materials. However, if Virgin Galactic's evidence and arguments are convincing, the company has a real chance of success.

ノート

The Starliner's stay at the ISS has been extended, and it will not leave the station before June 22 — NASA. It appears that this will impact the ongoing legal proceedings between the companies.

ノート

Boeing () is on the brink of another scandal, writes Daily Mail.

American astronauts are stranded on the ISS due to a malfunction of the Boeing Starliner spacecraft. During the flight, four engines failed simultaneously, and before departure to Earth, the astronauts discovered a significant helium leak, which is essential for the fuel system's operation.

NASA is currently exploring the possibility of a rescue operation; however, the astronauts have limited time: the spacecraft can remain docked to the station for only 45 days.