Hello guys, this is my first post and I am a new member. I wasn’t sure what subject to write about since I have so many. Since I have done a lot of research on particular stocks, I want to share the information with you all.
What does Virgin Galactic do? The company focuses on space tourism. So far they haven’t flown anyone into space yet beside their recent successful test flight in May with two pilots. Their expected next test flight with a few of their employees will be in Q4. If successful, the president, Richard Branson, will be in the final test flight before their commercial flight beginning 2022.
The stock has been up and down since last year. It went all the way up to $60 and down to low $16 and after the successful test flight in May, it’s now up near the $30 mark. I think it will stay around $30 for awhile until the company announces their next test flight.
I’m a believer in space tourism and I think it will be huge. SpaceX and Blue Origin are also in the race but they are not public. Also a company in Russia is competing in this space tourism.
I own shares in SPCE for long term. Good luck trading.