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The Stratollite is primarily used for applications including remote sensing, communications, and weather. [3] The Stratollite consists of a high-altitude balloon which lofts up a large solar panel and a payload gondola. The Stratollite also has a steerable parachute for soft return to ground after mission, enabling payload recovery.
A stock split causes a decrease of market price of individual shares, but does not change the total market capitalization of the company: stock dilution does not occur. [1] A company may split its stock when the market price per share is so high that it becomes unwieldy when traded. One of the reasons is that a very high share price may deter ...
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The company said that the separation of the two newly announced companies will be completed in the second half of 2026 and will be tax-free to Honeywell shareholders.
The BLAST high-altitude balloon just before launch on June 12, 2005. High-altitude balloons or stratostats are usually uncrewed balloons typically filled with helium or hydrogen and released into the stratosphere, generally attaining between 18 and 37 km (11 and 23 mi; 59,000 and 121,000 ft) above sea level.
The company completed a 10-for-1 stock split in June to make shares more affordable. Server manufacturer Super Micro Computer (NASDAQ: SMCI) has been an even bigger beneficiary of the AI boom.
Both companies split their stock 20-for-1 in 2022, when each traded for more than $2,000 per share. This brought them down to more reasonable levels, at a split-adjusted $100 per share.
A Loon balloon at the Christchurch launch event in June 2013. Loon LLC was an Alphabet Inc. subsidiary working on providing Internet access to rural and remote areas. The company used high-altitude balloons in the stratosphere at an altitude of 18 km (11 mi) to 25 km (16 mi) to create an aerial wireless network with up to 1 Mbit/s speeds.