Virgin Galactic's stock headed to a new all time high today, up nearly 70% in the past month and now above $15 per share.$SPCE
Hard to understand what is driving this.
Virgin Galactic shares up over 10% today, hitting a new record high and heading for the 10th consecutive day of gains – up 65% for this month.$SPCE
I agree with Jeff ...https://twitter.com/jeff_foust/status/1219995421097058304QuoteHard to understand what is driving this.twitter.com/thesheetztweetz/status/1219993417247268865QuoteVirgin Galactic shares up over 10% today, hitting a new record high and heading for the 10th consecutive day of gains – up 65% for this month.$SPCE
Shares of Virgin Galactic are up over 4% in premarket trading, set to open at a new all time high. $SPCE
Virgin Galactic's market value is about to surpass Under Armour'sAs of today:$SPCE $6.5 billion$UA $6.7 billion
Virgin Galactic being worth ~1/5th that of SpaceX ($6.5b vs $33b) is pretty absurd when you compare what the two companies have actually done... and it's been around as long as SpaceX has.
Well, the market was right and wrong during the dot com bubble. They were right about the technology and where things broadly were headed, Google and Amazon are primarily internet companies and both are worth over 1 trillion dollars today. Of course, it was hard to predict which companies in the space were going to dominate the sector. Anyways, if you think that "space" is set for crazy growth, just buy the sector. You lose money on VA Linux but you make it back (and then some) somewhere else.
Quote from: ncb1397 on 02/19/2020 10:15 pmWell, the market was right and wrong during the dot com bubble. They were right about the technology and where things broadly were headed, Google and Amazon are primarily internet companies and both are worth over 1 trillion dollars today. Of course, it was hard to predict which companies in the space were going to dominate the sector. Anyways, if you think that "space" is set for crazy growth, just buy the sector. You lose money on VA Linux but you make it back (and then some) somewhere else.Yes and no. If you just bought the Nasdaq at the top in '00 you would have had to wait until 2015 before breaking even again. If a sector has growth potential but looks bubbly with superexponential growth in stock price, you're likely better off using some kind of momentum strategy to sell or hedge with options if the bubble pops, unless the investment is a very small portion of your total portfolio. Markets are just as much about game theory as they are about the fundamental value of what is being traded.
.. or, use judgement...VG, if all goes well, will be selling suborbital joy rides at an age where suborbital p2p is around the corner.. The novelty will last a few years, in which they'll fly a limited number of times, at a profit margin that isn't astronomical.If things go well.
Until Wall Street finally took notice. On Monday, Morgan Stanley started covering Virgin Galactic stock and assigned it an “overweight” rating, saying the space tourism company’s share price could soar as much as 200% from its current level as it carries out a long-term plan to fly regular people into suborbital space and around the world at hypersonic speeds.“A viable space tourism business is what you pay for today… but a chance to disrupt the multi-trillion-dollar airline [total addressable market] is what is really likely to drive the upside,” Morgan Stanley analyst Adam Jonas, best known for predicting trends in the transportation sector, wrote in a note to investors, CNBC reported.....“While some investors have described high-speed hypersonic P2P air travel opportunity as ‘the icing on the cake,’ we see hypersonic as both the cake and the icing, with space tourism as the oven,” Jonas wrote. “The shares feature biotech-type risk/reward where today’s space tourism business serves as a funding strategy and innovation catalyst to incubate enabling tech for the hypersonic P2P (point-to-point) air travel opportunity.”
Quote from: meekGee on 02/23/2020 06:50 am.. or, use judgement...VG, if all goes well, will be selling suborbital joy rides at an age where suborbital p2p is around the corner.. The novelty will last a few years, in which they'll fly a limited number of times, at a profit margin that isn't astronomical.If things go well.Their valuation can't be justified on their current vehicles. Just as SpaceX's valuation couldn't be justified on Falcon 9/Dragon.
Very little of SpaceShipTwo technology isn't applicable to long distance P2P travel. It is bit of dead end technology, won't even scale up to larger suborbital flight vehicles. Blue NS on the other hand is scaleable and has lot of technology that can be used for obital space flight.
Quote from: TrevorMonty on 02/23/2020 12:42 pmVery little of SpaceShipTwo technology isn't applicable to long distance P2P travel. It is bit of dead end technology, won't even scale up to larger suborbital flight vehicles. Blue NS on the other hand is scaleable and has lot of technology that can be used for obital space flight.No, in my mind, the best way to do p2p travel is with a rocket plane that takes off from an airport, diverts miles off the coast, transitions to rocket powered flight, re-enters miles off the coast, then lands at the airport. This is the best way to manage the noise around populated areas and starship can't do it.The sub-sonic phase is way faster than the boat out to the launch pad and doesn't have two boarding and off-boarding phases. WhiteKnightTwo/SpaceShipTwo as a mated unified aircraft is a hybrid rocket powered and air breathing human carrying aircraft. In addition, it doesn't take massive new infrastructure projects. It is equivalent to what electric cars did with the grid as opposed to building new hydrogen fueling infrastructure. Virgin Galactic's technical approach and existing experience is highly applicable to p2p, possibly better positioned to do p2p travel than SpaceX's current approach that they are communicating to investors and the public. They may need a different propulsion technology, but they can buy that pretty much off the shelf either from Virgin Orbit/Blue Origin/etc.
Quote from: ncb1397 on 02/23/2020 06:48 pmQuote from: TrevorMonty on 02/23/2020 12:42 pmVery little of SpaceShipTwo technology isn't applicable to long distance P2P travel. It is bit of dead end technology, won't even scale up to larger suborbital flight vehicles. Blue NS on the other hand is scaleable and has lot of technology that can be used for obital space flight.No, in my mind, the best way to do p2p travel is with a rocket plane that takes off from an airport, diverts miles off the coast, transitions to rocket powered flight, re-enters miles off the coast, then lands at the airport. This is the best way to manage the noise around populated areas and starship can't do it.The sub-sonic phase is way faster than the boat out to the launch pad and doesn't have two boarding and off-boarding phases. WhiteKnightTwo/SpaceShipTwo as a mated unified aircraft is a hybrid rocket powered and air breathing human carrying aircraft. In addition, it doesn't take massive new infrastructure projects. It is equivalent to what electric cars did with the grid as opposed to building new hydrogen fueling infrastructure. Virgin Galactic's technical approach and existing experience is highly applicable to p2p, possibly better positioned to do p2p travel than SpaceX's current approach that they are communicating to investors and the public. They may need a different propulsion technology, but they can buy that pretty much off the shelf either from Virgin Orbit/Blue Origin/etc.To do significant p2p, you need a high dV and a high velocity re-entry - along the lines of what SS does. (Whether ballistic or atmosphere hopping)No extrapolation of VG technology does any of that.SpaceShipTwo has a delta V of like 1.4 km/sec.. I don't know if it can even go from Mojave to LAX...It carries no heat shield and cannot re-enter at higher speeds..Flying to the ocean from Mojave using the carrier airplane (and also climbing to launch altitude) takes about the same time as going from LAX to Tokyo with a suborbital rocket..It's largely a non-starter, and even if it were, VG are one of the last player suitable to trying it.
