By Kuldip K. Ambastha
On Friday, January 13, 2023, the stock price of Virgin Galactic Holdings Inc. (SPCE), a space flight company, rose by +12.3% for the trading day. The company is considered to be a high-risk, high-reward investment offering, with an ambitious aim to bring commercial space flight to the masses. Its first commercial space flight is scheduled to happen in the second quarter of 2023 (2Q2023), flying passengers 50 miles above Earth for 90 minutes. One ticket for such a flight has a cost of $450,000. While unexpected complications can always come up with space flight technology, Wall Street was certainly impressed by Virgin Galactic Holdings on Friday.
Keywords – Virgin Galactic Holdings Inc., Virgin Galactic Holdings, Virgin Galactic, Virgin, commercial, space, flight, 2Q2023, Wall Street.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in SPCE.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2023 – Ambastha Financial LLC.