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Should you buy Virgin Galactic Stock? This company from Richard Branson has been making headlines with the news that Cathy Wood and Ark Invest may be launching a Space ETF soon, so I decided to do a deep dive into the SPCE stock.
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Virgin Galactic was founded by Richard Branson in 2004, but it floundered in its early years with launching any working technology into space. Finally in 2018, the completed their first successful test flight, just making it past the 50-mile high barrier that the US uses to define the edge of space. Since then, the company has gone public, where it has attracted attention from investors on the app Robinhood. Several years after that first test, and Virgin Galactic is closer than ever to launching its first customers into space.
Large ETF managers like Cathy Wood of Ark Invest have noticed that the space industry is just reaching a stage where it may be ready for large scale investment, and her creation of a Space ETF has further propelled Virgin Galactic in the news. Over the next several years, we will see if SPCE is able to meet the high expectations of investors, and ultimately if it will be able to successfully compete with other companies such as Jeff Bezos’s Blue Origin or Elon Musk’s Space X in 2021.
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Should You Buy Spce Stock, Should you BUY Virgin Galactic Stock? (Full SPCE Breakdown).
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