The thing I find amazing is these idiots always complain but always fail to remember that the rich play things always makes the costs come down and contributes massively to breakthrough tech. F1 as an example has done lots to make cars more efficient and NASA has a very long list of thing in the medical world for starters.
Whilst he may be accurate 100% in caring about the planet we do need to have these things to go further into space. We may one day need to urgently.
Edit - I said idiot and that was unfair, I simply meant that they donât think of the long term benefit of these excesses. 
And obviously the rich may not be doing it for the good but that is a side affect.
Percolation to the masses
The tech for the space plane is undoubtedly being used to develop supersonic aircraft that will have a large addressable market by itself. Personal opinion - I think Branson has shown good judgement in his business ventures and knows what he is doing.
My only concern with VG is that the flight is very brief, but thereâll be a lot of older wealthy sorts who donât fancy their aging bodies to be exposed to the stresses it would face on a rocket (5G of force) and may prefer the more gentile 3.5G of a space plane.
Watching this to get back in. Target $22.50
Itâs at Daily suport now but expect it wonât hold. Heading down to the 200 EMA today/tomorrow and may bounce temporarily. If it breaks support at the 200 EMA (expect it to) then itâs heading down to resistance on the Daily at around $26.80. Canât see institutional interest at this level so expecting a liquidity pool around $22.50 after it drops again at the next Daily support at $23.50 when everyone craps themselves and hits the sell button.
This is not factoring in when the $500m worth of shares are released nor when the next flight is scheduled for, both of which will influence price.
Definitely see this as a long hold, but you may not neccessarily need to get in for a while yet.
What do we think?
I think that Iâm down ÂŁ500 atm! 
I am not selling at that loss so I am holding for as long as it takes. Iâm thinking this will develop significantly over the next year or two. I have faith in RB 
Sips on a Virgin cola and hits refresh on $SPCE while wonder what happened to Virgin Megastores, VirginCar & Virgin Lingerie âŚ
RB brought this tech from Burt Rutan & funded by Paul Allen (formerly of Microsoft). Itâs taken them from 2005 to get this far and they brought a space going ship (Spaceship One).
Oh donât
The 
is coming down as fast as it went up. Hold it tight folks. I wouldnât giving it up.
You mean this âspace going shipâ?
I donât think that was space worthy. It seems to be a difficult endeavour. Despite VGâs delays, no one else has come close to achieving the same in a space plane.
When Branson agreed to buy what became Virgin Galactic for $25m they had a working rocket plane that had completed multiple flights, it hadnât killed anyone at that stage but did crash on landing I believe.
My issue here, and I know Iâm like Grampa Simpson, is that VG have no plan other than highly priced space trips. Their model isnât scalable as they only have 6 seats. Their craft is still controlled by a human who pulls cables to move the wings - there is no IP here. Everyone getting excited about the future in this industry should be looking for the companies who are genuinely going to be building supersonic keys or EVTOLâs. If youâre into Space and like Richard Branson then look at Virgin Orbit for a far better company that has a moat (ability to launch satellites into LEO from many runways with a basic ground crew) and a path to revenue.
Do we think this stock may reach $50 again?
This is the thing that boils my fluids the most. This isnât a cutting edge aircraft or rocket. They donât have a huge fleet and they arenât running dozens of services a day like a major airline - surely theyâre only one major incident/catastrophe from becoming worthless?
Itâs like a WW1 biplane with a firework strapped to the back.
Itâs hard to say how this will progress in the future and whether it will crash completely or grow longterm. But either way it doesnât seem smart to sell on a loss atm. It will go back up eventually even if itâs just for another hype wave like this one. Iâm holding.
I have faith in science and ever evolving technology, Iâm taking heavyweights knock out on what tiny amounts Iâm holding. Not gonna sell at loss.
Yes, on the lead up to its first âpayingâ passengers, which I believe is scheduled for next year, so not too far away.
But donât hold it! Dump it a few days before the flight - âBuy the rumour, sell the newsâ! Seemingly not the best business set up but still has the potential to achieve a lot in these early days of space.
Once people start coming back down and going âYeah it was good but it wasnât very long and itâs a bit F scaryâ then I feel the novelty will soon wear off along with paying customers. Need to watch the competition from Space X and Blue Origin very closely. July 20th could see a drop in share value for VG once JB hits the heights.
While I know nothing about this stock, and Iâve no intention of buying it. sometimes simplest solutions are the best. Cable operated may well be much lighter that having hydraulics or electric motors, and is reliable as long as itâs maintained.
It is basically a plane that flies very high, not a proper space craft like SpaceX or Blue Origin.
More people die on roads than planes or space.
Itâs far from a proper space craft, even looking at it you can see it looks like a private jet from the front. VG will fly any rich person to almost space (86km isnât 90km which isnât the Karden Line) using a rocket powered cable controlled glider that needs towing off the runway by a Land Rover.
Blue Origin have build something far closer to what Iâd want from space travel but itâs still got the same issues about a sustainable business model, they have the advantage of the world richest man bank rolling them in the mother of all mid life crisis. It must be mentioned their own rockets arenât ready to launch the Amazon Galileo internet satellites so theyâve had to book flights with a competitor.
Space X have built multiple autonomous rockets that handle the launch process, can dock with the ISS itself & return the booster to be reused. No tow rope in sight!
Iâm a space bull, as space travel and opportunities it offered are fantastic but VG only have first mover advantage here, nothing else no IP & No business model. If this wasnât a SPAC launched meme stock with Chamath pumping it up this would be a private company and maybe valued at $1bn/$2bn.
So, do you have shares in SPCE?