Why You Should Avoid This Space Pioneer for Now
Space tourism could be a big industry in the future -- some analysts think it could grow to an estimated $1.5 billion by 2027, and easily get far bigger over the coming decades.
Virgin Galactic Holdings (NYSE: SPCE) is one of the companies vying to carve out its market share in the sector. It's developing spacecraft for taking civilians on suborbital flights. The business is exciting, and a successful spaceflight program could have enormous long-term potential. However, several red flags make Virgin Galactic a risky investment in today's bear market. Here is what investors should know.
Virgin Galactic made headlines last summer when it successfully conducted a crewed test flight on its flagship spacecraft Unity that included the company's founder, Richard Branson. Virgin Galactic is gearing up for commercial flights, but supply chain problems caused it to push these trips back to next year.
Source Fool.com
