Subscribe free to our newsletters via your
. Space Industry and Business News .




SPACEMART
SXC and Anton Kreil - "The First Trade in Space"
by Staff Writers
London, UK (SPX) Jul 11, 2012


The flight will be broadcast live on the internet, so the sponsors of the trades will get instant worldwide exposure. There will be cameras inside the aircraft and Kreil will be floating weightless in the cockpit, looking down at Earth and buying the sponsor's stock.

Dutch Space Tourism company, Space Expedition Corporation (SXC) and world-renowned financial markets trader Anton Kreil are about to make a giant financial leap and go one step beyond. In an interview in the latest edition of the London-based publication Square Mile Magazine, Kreil has announced that he will be attempting to become the first person in history to make a financial markets transaction in Space, when he hops aboard the XCOR Lynx MKII shuttle with SXC in 2014.

Technically, the World Records that Kreil and SXC will be attempting are "First Financial Transaction in Space" and "Highest Recorded Financial Transaction." However, given that Kreil is a City-based trader, the "Financial Transactions" he will be making will be a Currency Trade and a Stock / Share Trade.

In the Square Mile interview, Kreil outlined that since he is British and is flying in a US-built shuttle, trading the currency pair of Sterling US Dollar (GBP/USD), commonly known in the financial markets as "Cable", made perfect sense. Kreil admitted: "I certainly can't commit to trading the Euro. With the way things are looking at the moment, it may not even be around by the time we go."

As for the Stock Trade, Kreil was less forthcoming about the specifics. "We're currently in talks with publicly-listed companies in the US, UK and Europe with regards to sponsoring the trade. We're looking at doing a big one and the stock will most likely be announced a few weeks before the flight."

The Banking sector also wants a piece of the action. Kreil also revealed that they were in talks with Investment Banks and brokers who want to sponsor the execution.

The flight will be broadcast live on the internet, so the sponsors of the trades will get instant worldwide exposure. There will be cameras inside the aircraft and Kreil will be floating weightless in the cockpit, looking down at Earth and buying the sponsor's stock.

"From the companies' perspective, the message of being a true global pioneer is a great message. It's an amazing situation to be involved in," stated Kreil.

The flight itself will take off from either Mohave in California or the Caribbean island of Curacao. It will take Anton four minutes to get to Space and he will be travelling at three times the speed of sound up to 103km (330,000 feet).

100km is the internationally-accepted border to Space and is known as The Karman Line. As long as Kreil executes the trade at 100km above sea level, the sponsor will hold the record. Kreil will then fly back to Earth and the entire trip will be around one hour.

SXC CEO Michiel Mol said: "When Anton came to us with the idea, we embraced it immediately. It's clearly going to be a lot of fun and sends out a positive message. One thing we know for sure. The company sponsor's stock will receive instant worldwide attention."

.


Related Links
Anton Kreil
Space Expedition Corporation
XCOR Aerospace
The latest information about the Commercial Satellite Industry






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SPACEMART
US Aerospace Firms in Talks With Russia's Energia
Moscow, Russia (RIA Novosti) Jul 09, 2012
Russia's Energia space corporation is holding talks with U.S. aerospace giants Boeing and Lockheed Martin over manufacture of docking sites and thermal protection equipment for space capsules for the U.S. firms, Izvestia daily newspaper reported on Tuesday citing Energia head Vitaly Lopota. "We are in talks with Boeing and Lockheed to make unified interfaces for our products. They are read ... read more


SPACEMART
ESA's Clean Space targets orbital debris and greener environment

Metamolecules that switch handedness at light-speed

Satellite for SES Beginning Post-Launch Maneuvers

New reporter? Call him Al, for algorithm

SPACEMART
Raytheon Advanced Tactical System readies for 2.0 launch

Lockheed Martin Selected to Manage Major Defense Information Systems Network Operations

Lockheed Martin Selected to Deliver Major Improvements to DoD's ISR Information Sharing Capabilities

Boeing FAB-T Demonstrates Communications with On-orbit AEHF Satellite

SPACEMART
ILS Proton Launches SES-5 For SES

Eutelsat and Arianespace pursue their longstanding collaboration with the signature of a new launch contract

Ariane 5 ECA orbits EchoStar XVII and MSG-3

ATK Unveils Unique Liberty Capability

SPACEMART
Phone app will navigate indoors

Announcement of ACRIDS product line for Precision Airdrop Systems

SSTL announces exactView-1 satellite launch date

Galileo pathfinder GIOVE-A retires

SPACEMART
Boeing, Embraer clinch new partnership

Lockheed Martin Delivers Four F-35s To USAF And Marine Corps

Airbus wins aircraft orders potentially worth $5.4 bn

U.K. boosts up-armed Typhoon for Mideast

SPACEMART
Toward Achieving One Million Times Increase in Computing Efficiency

Intel pumps billions into computer chip tool maker

Japan's Renesas eyes $550 mn savings, cutting 5,000 jobs

Discovery of material with amazing properties

SPACEMART
New eyes in the sky

IGARSS 2012 - 'Remote Sensing for a Dynamic Earth'

MSG-3 set to ensure quality of Europe's weather service from geostationary orbit

Images in an Instant: Suomi NPP Begins Direct Broadcast

SPACEMART
Science on the stage as green crusade hits Avignon

Clinton faces legacy of Laos bombings

Chinese factories shut amid lead poisoning fears

Nitrogen pollution changing Rocky Mountain National Park vegetation




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement