I’ve made $600 since yesterday!
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151% up but how far will it go 
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Seems to be levelling off now.
Don’t treat this as a meme stock. This rise today is due to fridays news and it’s generated interest so it will level off a bit but I think this company has much more to offer and is more of a long term thing
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Second time I have trimmed this stock and taken some profit, will buy some back if/when it goes down again.
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What will happen to space flights when they ban aviation fuel?
I invested only about £90 2 weeks ago and already up 70%.
Not sure whether to withdraw my investment, or buy more and hold.
This could be good for a very long term investment…
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It might go up. It might go down. Just dollar cost average and and put cash into it every few days.
I really cannot see the long term prospects for this company. Who is left after you’ve worked through the initial list of people who fall within the Venn diagram of
- Have $250,000
- Willing to spend said $250,000 for an hour experience
- Thrill seeker
- In physically good shape
What am I missing? I cannot see a viable route to profitability without some kind of pivot into satellite launching or maybe intercity travel but I have no idea if their technology can even handle these task.
Everyone who’s said “it’s a long term hold for me” what makes this a great hold and not just a meme stock / make 50% gamble?
I’m happy being in the wrong, can @Nicky1 @sdebar @Prohibit @Not-got-a-clue change my thinking.
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I’m not disagreeing with you. One of the advantages of Virgin over the other two possible ventures is that with Virgin you don’t need to be as fit as an astronaut. Less G-force used so the overweight middle aged business man can easily go.
Maybe their space port in Newquay will provide US-UK flights with a space experience in the middle?
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All major technologic advances are expensive at 1st but with time and experience the cost per passenger will decrease and then it will become a working business with a reasonable per passenger cost.
Like most things, the first to buy pay an absolute fortune, then over time the price falls, as technology improves and costs of scale decrease.
I can see eventually, flights being as low as $10k. Cheap enough to be put on millions of peoples bucket list.
You may not be old enough to remember Concorde flights. Initially only millionaires could afford to fly, but eventually even my bricklayer father could afford a ticket on a Concorde charter flight, as a once in a lifetime event.
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But the Concorde failed because it was no longer a viable business at ‘lower’ ticket prices (in very simplified terms, I know it was much more involved than that)
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I can only see this would apply if there was an end goal with a greater horizon than an incredibly expensive niche tourist trip. If this was similar to the Tesla Roadster which form a proof of concept and helped fund the Model S which I turn did the same the Model 3 (a mass market EV) I could get on board. Outside of a niche rich persons holiday I can’t see a profitable business.
I’m a bullish of the new space race sector and think the work of spaceX, blue origin & rocket labs is fascinating - the Artemis program is so exciting. All of these have higher more lofty goals than a once in a life time trip.
Concorde failed because of the airline wars, where transatlantic prices drastically fell, and the collapse in passenger numbers because of the Paris Concorde crash in 2000, killing over a hundred passengers.
As long as a similar accident doesn’t happen, people will be queuing to go to space for the rest of human existence.
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in the UK alone 29% of the population would love to go to space if it was affordable.
That’s a massive market to be tapped.
That is one sketchy pole, conducted by a group of people who have claimed sovereignty of the area around a satalite and count former Mr cheeky girl Lembit Öpik as their ‘chairman of parliament’. Also it was reported by the almost unreadably over advertised Daily Express, hardly a bastion or true and journalistic integrity.
Asgardia have a cool flag though so that’s something.
Exactly, so for Concorde it became money out >> money in, or in Virgin Galactic’s case money out >>>>> money in😁
6 passengers will always limit how low they will ever be able to go on ticket price (until they invent an A380 style shuttle🙈) - for the foreseeable future this will have to stay at 250k to stand any chance of turning some sort of profit at some point.
Agree that this will be a bucket list item high on most people’s list but the flip side of bucket list type luxuries is that you don’t really have repeat customers - once I’ve been to space I don’t really think I’d need to go again - and don’t forget that there is competition too.
Disclaimer: I am invested in the stock but like bringing all sides of the argument to the table😆
