How Investors (Not Speculators) Should Buy Virgin Galactic Stock
It took just six weeks since I last wrote about it for shares of Virgin Galactic (NYSE: SPCE) to triple in value. What started as a rosy stock market analyst note on the future potential of the space travel venture has turned into a mad dash to buy up shares -- from large institutional investors to small mom-and-pop traders trying to catch the ship before it launches. The swings in value have been wild, with intraday action sending shares up and down by double-digit percentages.
I did speculate that the company could be a long-term success, but the stock price tripling in a year -- let alone in a little over a month -- wasn't in my mind as a possibility. At the time, I (regrettably) passed on a purchase -- although this booming stock is most certainly overcooked at this point. It's time to cut to the chase and talk investing, not speculation.
Virgin Galactic is another company started by billionaire businessman Sir Richard Branson (of Virgin Airways and Virgin Mobile fame, among other companies). The company has sold all of the seats for its first space tourism voyages, expected to commence later in 2020. At $250,000 a seat, the tours are for a select few, but the early interest is encouraging. The company's aircraft, VSS Unity, was also recently relocated from the manufacturing facility in Mojave, California, to Virgin Galactic's headquarters at Spaceport America in southern New Mexico, where it will undergo additional flight testing and preparations.
Source Fool.com
