Why did Virgin Galactic stock drop after its first space flight?
Jun 15, 2021 · Virgin Galactic stock ended up lower today ($34.89 a share) than it was before spiking on the Blue Origin news ($35.10)! Image source: Getty Images. So what.
Can Virgin Galactic stock recover after Richard Branson's historic flight?
Mar 16, 2021 · Indeed, as the paper points out, "postmerger companies" such as Virgin Galactic, which came public via SPAC in late 2019, "are particularly attractive to …
Is Virgin Galactic down 3% in late morning trading Tuesday?
Dec 13, 2021 · Shares of space tourism pioneer Virgin Galactic ( SPCE 1.11% ) slipped lower for a third straight day on Monday, falling 3.2% as of 12:35 p.m. ET as investors seemed to conclude that what's good ...
Should you buy Virgin Galactic shares after the sale?
Apr 20, 2021 · Virgin Galactic shares fell in trading Tuesday after Ark Invest’s space exploration ETF sold nearly half its stake in the space tourism company. Cathie Wood’s firm sold 275,204 shares of Virgin...
Why are Virgin Galactic stocks going down?
In late 2021, shares of Richard Branson's company tumbled after Galactic said commercial operations would be delayed because of an issue related to the strength of the materials it uses in its spacecraft.Feb 22, 2022
Is Virgin Galactic a good stock to buy?
The thought of commercial space travel is becoming more of a realistic dream. Currently Virgin Galactic (NYSE:SPCE) is the only publicly traded company that is likely to take humans into space for as a business.Nov 10, 2021
Will Virgin Galactic be profitable?
It hopes to have five spaceships and operate 270 flights a year by its fourth year of commercial operations, which is projected to take in $590 million in revenue, while gross profit will stabilize at approximately 70%.
Does Virgin Galactic have a future?
Virgin Galactic had three more spaceflights scheduled: Unity 23, Unity 24 and Unity 25. Now, its previously announced timelines are undetermined until it completes refurbishment. The company said it aims to start commercial service, which the Unity 25 mission was expected to represent, in the fourth quarter of 2022.Oct 15, 2021
The WSJ highlights a vulnerability in SPAC stocks
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Virgin Galactic ( NYSE:SPCE) stock are down 3% in late morning trading Tuesday, at 11:45 a.m EDT.
So what
"Short sellers are coming for SPACs," warns the Journal, noting that "the dollar value of bearish bets against shares of SPACs has more than tripled to about $2.7 billion [since] the start of the year."
Now what
That could make Virgin Galactic a particularly tempting target for a short attack. Valued in excess of $8 billion today, but with no profits and almost no revenue, Virgin Galactic already looks overvalued by traditional metrics, giving the stock a lot of room to fall.
Who is John Mackey?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
Who is the billionaire who is going to go to space?
That billionaire is Amazon.com founder Jeff Bezos , who plans to fly to space on July 20, along with his brother, "Mercury 13" astronaut-hopeful Wally Funk, and hedge fund scion Oliver Daemen.
Why did Virgin Galactic stock drop?
In early May, Virgin Galactic’s shares plummeted due to unexpected test delays, leaving investors in the dark about when testing would resume. Without unexpectedly, testing resumed, and shares soared. Then came the news of Branson’s test flight.
How far is the Karman line from Earth?
Some researchers believe the Karman line, which is roughly 100 kilometres above Earth, marks the border between outer space and the upper atmosphere. Two flights of the Virgin Galactic SpaceShip reached a distance of about 90 kilometres.
Did Branson go to space?
On Sunday, Virgin Galactic (SPCE) launched its first fully crewed mission, which took Richard Branson into space. The stock of SPCE dropped as the firm filed to sell its equity. The business said on Monday that it wants to sell up to $500 million in stock in a regulatory filing. The company’s fourth trip to orbit since 2018, ...
Who is the founder of Virgin?
Virgin’s founder Richard Branson and five crewmates flew to suborbital space on the company’s VSS Unity rocket-powered spaceplane in a live-streamed flight on Sunday.
When is Jeff Bezos going to go to space?
Amazon.com’s Jeff Bezos, founder of Blue Origin, is due to go on his space flight on July 20. impossible for the public to ignore.”. Space is likely the “final frontier” of disruption, Adam Jonas with Morgan Stanley said in his note.
