How Virgin Galactic Plans to Beat Blue Origin and SpaceX in Space Tourism
Virgin Galactic (NYSE: SPCE) is completing final test flights for its Unity spacecraft and will begin revenue-generating flights soon, opening an entirely new space tourism industry to the world. When Sir Richard Branson took his flight in July, it created a lot of attention for the company, and Virgin Galactic soon said it was raising the price of tickets to $450,000 apiece and up, a possible indication that demand for tickets is high.
But there have been skeptics who don't believe that Virgin Galactic will succeed financially, especially as competitors begin their own service. Despite the press reactions recently, I think this is a space tourism stock that may redefine how we think about space and experiential tourism, and that's why it continues to be one of my favorite growth stocks.
Image source: Virgin Galactic.
Source Fool.com
