Virgin Galactic is a spaceflight company that was founded in 2004 by the British entrepreneur Sir Richard Branson. The company’s goal is to make space travel accessible to paying customers, with the ultimate aim of making it possible for people to travel to space as easily as they can travel by plane today.
Virgin Galactic has developed a spacecraft called the SpaceShipTwo, which is designed to take paying customers on suborbital spaceflights. The spacecraft is carried to an altitude of about 50,000 feet by a carrier aircraft called the WhiteKnightTwo, and is then released to rocket into space. Passengers on the spacecraft will experience several minutes of weightlessness and will be able to see the curvature of the Earth against the blackness of space.
Virgin Galactic has completed several successful test flights of the SpaceShipTwo, and it is expected to begin commercial operations in the near future. The company has already taken hundreds of reservations from people who want to experience space travel, and it plans to eventually offer regular flights to space for tourists and scientists.
There is a chance that there will be a new test flight in Q2 2023, however the exact timing of these flights will depend on a variety of factors, including the completion of testing and the company’s readiness to begin carrying paying customers. You can check the Virgin Galactic website or follow the company’s social media accounts for updates on its flight schedule.
Technical look at Virgin Galactic (SPCE)
At the moment, the trend is still down, but the global financial market seems to be recovering at the moment. Virgin galactic is now in a very interesting area to watch for a trend tilt. as the price is already down since July 2021, we are first looking at a tilt at the 6.15 level if the price manages to hold above we can look to scale back the SPCE stock. (watch out, this share contains a lot of risk as there are still many uncertainties)
While spaceflight is a guarantee of time, Virgin Galactic may not bring it, nor is it a guarantee that it will be in this format. Whoever invested in the first hot air balloon in 1783 was not a home winner. Their thesis that people would fly was correct, they just misunderstood the methods. Fast forward to the current opportunity, we have enough information to make an educated guess that SPCE is on the right track. Even then, we would likely see clues as well. about better
Alternatives if developed. Also, so many smart people can’t go wrong, and I feel comfortable using their due diligence. Here are some thoughts from Richard Branson and Chamath Palihapitiya over the last year. Not everyone agrees on the positive side, there are those who believe Virgin Galactic is not the winner and that’s fine. Every bullish thesis needs the opposite side to pay off.
Without a seller, there would be no opportunity to buy it. No, I’m not saying SPCE is a sure thing because if it were, there would be no payout. The logic is to own SPCE stock for the long term. according to the current state of knowledge as a calculated risk in the space market. Being the first to get there would also give them a first step in the door for any business opportunities that arise from the new borders.