Virgin Orbit Is the Next Space Unicorn Stock
Everyone knows what a unicorn is, but what's a unicorn stock?
A unicorn stock is a private company -- one that has not yet gone through the IPO process and is not traded on a stock exchange -- that is so popular that it has already achieved an implied valuation of $1 billion or more, even without public dollars.
Once upon a time, such "unicorns" were rare. (Hence the name.) In today's overheated market, however, unicorns are galloping all over the joint. According to market researcher CB Insights, nearly 500 privately owned, $1 billion-valued companies now roam the Earth, in industries ranging from artificial intelligence to fintech to travel.
Source Fool.com
