- Millennium Space Systems, a Boeing Co (NYSE:BA) company, successfully demonstrated the ability of deployable tether technology to significantly reduce the time a satellite remains on-orbit after service life completion.
- “Thousands of satellites will launch over the next decade, creating serious congestion in low Earth orbit,” commented Patrick Kelly, Ph.D., Dragracer program manager at Millennium Space Systems.
- Dragracer is the first complete demonstration of satellites safe and rapid deorbit by the Terminator Tape Deorbit Module. The Terminator Tape is an affordable, lightweight, patented, and now a flight-proven solution for responsible end-of-mission disposal of satellites to help ensure the long-term sustainability of space operations.
- The program was collaborative with Tethers Unlimited, mission launch service provider TriSept and launch vehicle provider Rocket Lab.
- Price Action: BA shares are trading higher by 2.74% at $218.5 on the last check Monday.
SVB Leerink Maintains Market Perform on 1Life Healthcare, Lowers Price Target to $9
SVB Leerink analyst Whit Mayo maintains 1Life Healthcare (NASDAQ:ONEM) with a Market Perform and lowers the price target from $10 to $9.
