3 Things Virgin Galactic Stock Bulls Need to Happen Soon
Many people dream of going to space, and Virgin Galactic Holdings (NYSE: SPCE) wants to make that dream comes true for thousands of passengers. The company is looking to offer space tourists the chance to reach low earth orbit, and although the price tag is a hefty $250,000, Virgin Galactic has plenty of people who've already signed up.
Virgin Galactic stock has been turbulent since it came public through a merger with a special purpose acquisition company in October 2019. The share price soared briefly about $40 per share in February 2020 before coming down to earth in the coronavirus bear market, and since then, it's seen both pops and drops. If Virgin Galactic wants to prove itself as a first-mover in a brand new industry, it needs to make these three things happen.
The whole idea of investing in Virgin Galactic is to see members of the general public climb aboard its space planes and take flight. Yet that's still months if not years away, and in part, it's because the company's test flight schedule hasn't gone at the pace that investors would like to see.
Source Fool.com
